Malaysia - Cheese - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Malaysia: Cheese Market Overview 2020

Cheese Market Size in Malaysia

The revenue of the cheese market in Malaysia amounted to $X in 2018, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, cheese consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the cheese market reached its peak figure level in 2018 and is likely to continue its growth in the near future.

Cheese Exports

Exports from Malaysia

In 2018, approx. X tonnes of cheese were exported from Malaysia; lowering by -X% against the previous year. In general, cheese exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, cheese exports amounted to $X in 2018. Over the period under review, cheese exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. In that year, cheese exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

Brunei Darussalam (X tonnes) was the main destination for cheese exports from Malaysia, with a X% share of total exports. Moreover, cheese exports to Brunei Darussalam exceeded the volume sent to the second major destination, China, Hong Kong SAR (X tonnes), threefold. Turkey (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Brunei Darussalam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China, Hong Kong SAR (+X% per year) and Turkey (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Brunei Darussalam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China, Hong Kong SAR (+X% per year) and Trinidad and Tobago (+X% per year).

Export Prices by Country

In 2018, the average cheese export price amounted to $X per tonne, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. In that year, the average export prices for cheese attained their peak level of $X per tonne. From 2011 to 2018, the growth in terms of the average export prices for cheese remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Taiwan, Chinese ($X per tonne), while the average price for exports to Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan, Chinese, while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into Malaysia

In 2018, the amount of cheese imported into Malaysia stood at X tonnes, going up by X% against the previous year. Overall, cheese imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, cheese imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, cheese imports amounted to $X in 2018. Overall, cheese imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, cheese imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

New Zealand (X tonnes), Australia (X tonnes) and Germany (X tonnes) were the main suppliers of cheese imports to Malaysia, with a combined X% share of total imports. These countries were followed by the U.S., Denmark, France, Singapore and Italy, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Italy, while the other leaders experienced more modest paces of growth.

In value terms, the largest cheese suppliers to Malaysia were New Zealand ($X), Australia ($X) and Germany ($X), together comprising X% of total imports. These countries were followed by the U.S., Denmark, Singapore, France and Italy, which together accounted for a further X the main suppliers, Italy experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cheese import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for cheese reached their peak figure at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform