Malaysia: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Malaysia

In 2022, the Malaysian evaporated and condensed milk market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. Evaporated and condensed milk consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Evaporated And Condensed Milk in Malaysia

In value terms, evaporated and condensed milk production declined to $X in 2022 estimated in export price. Overall, production recorded a slight downturn. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Exports of Evaporated And Condensed Milk

Exports from Malaysia

In 2022, evaporated and condensed milk exports from Malaysia shrank remarkably to X tons, declining by X% against the previous year's figure. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports reduced sharply to $X in 2022. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Thailand (X tons) and the Philippines (X tons) were the main destinations of evaporated and condensed milk exports from Malaysia, together comprising X% of total exports. Brunei Darussalam, Mexico, Vietnam, Singapore, Ghana, Madagascar, Myanmar, Pakistan, Hong Kong SAR and Togo 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 Pakistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for evaporated and condensed milk exported from Malaysia were Indonesia ($X), Thailand ($X) and the Philippines ($X), together accounting for X% of total exports. Brunei Darussalam, Mexico, Singapore, Vietnam, Ghana, Madagascar, Hong Kong SAR, Myanmar, Pakistan and Togo lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, 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

The average evaporated and condensed milk export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Pakistan ($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 Madagascar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into Malaysia

In 2022, the amount of evaporated and condensed milk imported into Malaysia declined significantly to X tons, waning by X% compared with 2021. In general, imports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, evaporated and condensed milk imports reduced markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined rapidly in the following year.

Imports by Country

Australia (X tons), Singapore (X tons) and Germany (X tons) were the main suppliers of evaporated and condensed milk imports to Malaysia, with a combined X% share of total imports. The United States, Belgium, New Zealand and Thailand lagged somewhat behind, together accounting for a further X%.

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

In value terms, Australia ($X) constituted the largest supplier of evaporated and condensed milk to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Singapore ($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 more modest paces of growth.

Source: IndexBox Platform

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