Malaysia: Maize Bran Market 2024

Maize Bran Market Size in Malaysia

In 2023, the Malaysian maize bran market decreased by X% to $X, falling for the second year in a row after five years of growth. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Maize bran consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Maize Bran Production in Malaysia

In value terms, maize bran production rose slightly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Maize Bran Exports

Exports from Malaysia

In 2023, approx. X tons of maize bran were exported from Malaysia; almost unchanged from the year before. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, maize bran exports shrank to $X in 2023. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then declined in the following year.

Exports by Country

Singapore (X tons) was the main destination for maize bran exports from Malaysia, with a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Singapore amounted to X%.

In value terms, Singapore ($X) also remains the key foreign market for maize bran exports from Malaysia.

From 2012 to 2023, the average annual rate of growth in terms of value to Singapore stood at X%.

Export Prices by Country

The average maize bran export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2023, the rate of growth in terms of prices for Singapore amounted to X% per year.

Maize Bran Imports

Imports into Malaysia

In 2023, approx. X tons of maize bran were imported into Malaysia; declining by X% on the previous year. Over the period under review, imports saw a significant curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, maize bran imports dropped rapidly to $X in 2023. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of maize bran imports to Malaysia, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of maize bran to Malaysia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the average maize bran import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, maize bran import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform