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

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

The Malaysian market for frozen pig meat other than cuts or carcases dropped modestly to $X in 2022, shrinking by -3.6% 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). Over the period under review, consumption, however, continues to indicate a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Malaysia

In 2022, approx. X tons of frozen pig meat other than cuts or carcases were exported from Malaysia; which is down by -3.5% compared with 2021. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2015 when exports increased by 791%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases contracted to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 741% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons), Brunei Darussalam (X tons) and Singapore (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Malaysia, together comprising 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +51.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen pig meat other than cuts or carcases exported from Malaysia were Hong Kong SAR ($X), Brunei Darussalam ($X) and Singapore ($X), with a combined 95% share of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +43.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Singapore ($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 the United States (+71.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Malaysia

In 2022, approx. X tons of frozen pig meat other than cuts or carcases were imported into Malaysia; which is down by -4.5% on the previous year. In general, imports, however, saw prominent growth. The growth pace was the most rapid in 2018 with an increase of 39%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of frozen pig meat other than cuts or carcases declined to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 25%. Imports peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Malaysia, with a combined 66% share of total imports. Spain, Denmark, Canada and Australia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +70.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Spain ($X) were the largest frozen pig meat other than cuts or carcases suppliers to Malaysia, with a combined 69% share of total imports. The Netherlands, Denmark, Canada and Australia lagged somewhat behind, together accounting for a further 29%.

Denmark, with a CAGR of +73.2%, 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 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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