Malaysia: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Malaysia

The Malaysian market for fresh or chilled pig meat other than cuts or carcases was estimated at $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Malaysia

In value terms, production of fresh or chilled pig meat other than cuts or carcases reached $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Over the period under review, production of reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Malaysia

After two years of growth, overseas shipments of fresh or chilled pig meat other than cuts or carcases decreased by -7.8% to X tons in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 413%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases shrank slightly to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 385%. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for exports of fresh or chilled pig meat other than cuts or carcases from Malaysia, with a 98% share of total exports. It was followed by Singapore (X tons), with a 2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Brunei Darussalam amounted to +23.7%.

In value terms, Brunei Darussalam ($X) remains the key foreign market for fresh or chilled pig meat other than cuts or carcases exports from Malaysia, comprising 99% of total exports. The second position in the ranking was held by Singapore ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brunei Darussalam totaled +20.0%.

Export Prices by Country

In 2022, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, with an increase of 8.2% against the previous year. In general, the export price, however, recorded a noticeable curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Singapore stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (-3.0%).

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Malaysia

In 2022, the amount of fresh or chilled pig meat other than cuts or carcases imported into Malaysia fell sharply to X tons, waning by -36% compared with 2021. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 266% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases plummeted to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 235%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of fresh pork other than cuts or carcases to Malaysia, with a 76% share of total imports. Moreover, imports of fresh or chilled pig meat other than cuts or carcases from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +19.2%.

In value terms, Germany ($X) constituted the largest supplier of fresh or chilled pig meat other than cuts or carcases to Malaysia, comprising 70% of total imports. The second position in the ranking was taken by Spain ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +18.6%.

Import Prices by Country

In 2022, the average import price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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