Malaysia: Cheese Market Overview 2021

Cheese Market Size in Malaysia

The Malaysian cheese market rose modestly to $X in 2019, with an increase of X% against 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, consumption posted a buoyant increase. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the near future.

Cheese Exports

Exports from Malaysia

In 2019, the amount of cheese exported from Malaysia soared to X tonnes, rising by X% compared with the year before. Over the period under review, exports showed noticeable growth. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

In value terms, cheese exports skyrocketed to $X in 2019. Overall, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Exports peaked at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Hong Kong SAR (X tonnes), Brunei Darussalam (X tonnes) and Mauritius (X tonnes) were the main destinations of cheese exports from Malaysia, with a combined X% share of total exports. These countries were followed by Singapore, South Africa, New Zealand and Turkey, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese exported from Malaysia were Hong Kong SAR ($X), Brunei Darussalam ($X) and Singapore ($X), with a combined X% share of total exports. Mauritius, South Africa, New Zealand and Turkey lagged somewhat behind, together comprising a further X Africa (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average cheese export price amounted to $X per tonne, growing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. The export price peaked in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was New Zealand ($X per tonne), while the average price for exports to Mauritius ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Africa, while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into Malaysia

In 2019, the amount of cheese imported into Malaysia rose sharply to X tonnes, increasing by X% on 2018. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, cheese imports totaled $X in 2019. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

New Zealand (X tonnes), Australia (X tonnes) and the U.S. (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 UK, Singapore, Denmark and Germany, which together accounted for a further X 2007 to 2019, the biggest increases were in the UK (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and the U.S. ($X) appeared to be the largest cheese suppliers to Malaysia, together comprising X% of total imports. These countries were followed by the UK, Singapore, Denmark and Germany, which together accounted for a further X UK (+X% per year) saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average cheese import price amounted to $X per tonne, which is down by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for New Zealand ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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

Frequently Asked Questions (FAQ) :

What are the largest markets for cheese in the world?

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The U.S. (6.1M tonnes) constituted the country with the largest volume of cheese consumption, comprising approx. 24% of total volume. Moreover, cheese consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Germany (3M tonnes), twofold. The third position in this ranking was occupied by France (1.6M tonnes), with a 6.4% share.

What are the largest producers of cheese in the world?

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The countries with the highest volumes of cheese production in 2019 were the U.S. (6.3M tonnes), Germany (3.5M tonnes) and France (1.9M tonnes), with a combined 46% share of global production. These countries were followed by Italy, Poland, the Netherlands, Argentina, Russia, the Czech Republic, Egypt, the UK, Canada and Sudan, which together accounted for a further 27%.

What are the leading suppliers of cheese to Malaysia?

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In value terms, Australia ($39M), New Zealand ($33M) and the U.S. ($18M) were the largest cheese suppliers to Malaysia, with a combined 71% share of total imports. These countries were followed by the UK, Singapore, Denmark and Germany, which together accounted for a further 18%.

What are the leading importers of cheese from Malaysia?

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In value terms, the largest markets for cheese exported from Malaysia were Hong Kong SAR ($2.3M), Brunei Darussalam ($1.4M) and Singapore ($414K), together accounting for 78% of total exports. Mauritius, South Africa, New Zealand and Turkey lagged somewhat behind, together comprising a further 18%.

What is the average export price for cheese in Malaysia?

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The average cheese export price stood at $6,394 per tonne in 2019, surging by 9.1% against the previous year.

What is the average import price for cheese in Malaysia?

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In 2019, the average cheese import price amounted to $4,643 per tonne, with a decrease of -4.4% against the previous year.