Malaysia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Malaysia

The Malaysian cheese and curd market fell slightly to $X in 2022, waning by X% against the previous year. Overall, consumption showed a perceptible decrease. Cheese and curd consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cheese And Curd Production in Malaysia

In value terms, cheese and curd production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2016 with an increase of X%. Cheese and curd production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Cheese And Curd Exports

Exports from Malaysia

In 2022, overseas shipments of cheese and curd decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, cheese and curd exports reduced to $X in 2022. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Brunei Darussalam (X tons), Trinidad and Tobago (X tons) and Singapore (X tons) were the main destinations of cheese and curd exports from Malaysia, together comprising X% of total exports. Mauritius, Hong Kong SAR, Guyana, Maldives and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brunei Darussalam ($X) remains the key foreign market for cheese and curd exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Trinidad and Tobago, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brunei Darussalam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cheese And Curd Imports

Imports into Malaysia

In 2022, imports of cheese and curd into Malaysia rose significantly to X tons, increasing by X% on 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cheese and curd imports expanded modestly to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X tons), New Zealand (X tons) and the United States (X tons) were the main suppliers of cheese and curd imports to Malaysia, together comprising X% of total imports. Singapore, the UK, Denmark, Ireland and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Malaysia were Australia ($X), New Zealand ($X) and the United States ($X), with a combined X% share of total imports. Singapore, Denmark, the UK, Ireland and Germany lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ireland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :