Report Update Apr 1, 2024

Malaysia - Frozen Cuts of Turkey - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Frozen Turkey Cut Market 2024

Frozen Turkey Cut Market Size in Malaysia

The Malaysian frozen turkey cut market rose slightly to $X in 2022, increasing by 4.9% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Frozen Turkey Cut Production in Malaysia

In value terms, frozen turkey cut production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by 58% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Frozen Turkey Cut Exports

Exports from Malaysia

In value terms, frozen turkey cut exports soared to $X in 2022. In general, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of 1,812%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In value terms, Vietnam ($X) remains the key foreign market for frozen cuts of turkey exports from Malaysia, comprising 96% of total exports. The second position in the ranking was held by Maldives ($X), with a 3.5% share of total exports. It was followed by Myanmar, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-6.4% per year) and Myanmar (-6.4% per year).

Export Prices by Country

The average frozen turkey cut export price stood at $X per ton in 2022, declining by -22.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Thailand ($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 Brunei Darussalam (+11.7%), while the prices for the other major destinations experienced a decline.

Frozen Turkey Cut Imports

Imports into Malaysia

In 2022, approx. X tons of frozen cuts of turkey were imported into Malaysia; which is down by -25.2% against the year before. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 1,264%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen turkey cut imports shrank rapidly to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 562%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of frozen turkey cut to Malaysia, with a 38% share of total imports. Moreover, frozen turkey cut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. Poland (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+110.9% per year) and Poland (+21.5% per year).

In value terms, the Netherlands ($X), Australia ($X) and Thailand ($X) appeared to be the largest frozen turkey cut suppliers to Malaysia, with a combined 62% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +94.2%, saw the highest growth rate of 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

The average frozen turkey cut import price stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 28%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 Australia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+14.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuts of turkey in the world?

China constituted the country with the largest volume of frozen turkey cut consumption, accounting for 29% of total volume. Moreover, frozen turkey cut consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was held by the United States, with a 9.8% share.

What are the largest producers of frozen cuts of turkey in the world?

China remains the largest frozen turkey cut producing country worldwide, accounting for 28% of total volume. Moreover, frozen turkey cut production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 11% share.

What are the leading suppliers of frozen cuts of turkey to Malaysia?

In value terms, the largest frozen turkey cut suppliers to Malaysia were the Netherlands, Australia and Thailand, together comprising 62% of total imports.

What are the leading importers of frozen cuts of turkey from Malaysia?

In value terms, Vietnam remains the key foreign market for frozen cuts of turkey exports from Malaysia, comprising 96% of total exports. The second position in the ranking was taken by Maldives $92), with a 3.5% share of total exports. It was followed by Myanmar, with a 0.6% share.

What is the average export price for frozen cuts of turkey in Malaysia?

In 2022, the average frozen turkey cut export price amounted to $886 per ton, reducing by -22.9% against the previous year.

What is the average import price for frozen cuts of turkey in Malaysia?

The average frozen turkey cut import price stood at $971 per ton in 2022, approximately mirroring the previous year.

This report provides an in-depth analysis of the frozen turkey cut market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10122055 - Frozen cuts of turkey

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023