Malaysia: Market for Meat Preparations of Poultry 2024

Market Size for Meat Preparations of Poultry in Malaysia

The Malaysian meat preparations of poultry market declined slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Meat Preparations of Poultry in Malaysia

In value terms, meat preparations of poultry production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Meat preparations of poultry production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Meat Preparations of Poultry

Exports from Malaysia

For the third year in a row, Malaysia recorded decline in shipments abroad of meat preparations of poultry, which decreased by X% to X tons in 2022. In general, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, meat preparations of poultry exports declined slightly to $X in 2022. Over the period under review, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for meat preparations of poultry exports from Malaysia, accounting for a X% share of total exports. Moreover, meat preparations of poultry exports to Singapore exceeded the volume sent to the second major destination, Mauritius (X tons), fourfold. Brunei Darussalam (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (X% per year) and Brunei Darussalam (X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for meat preparations of poultry exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total exports. It was followed by Brunei Darussalam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (X% per year) and Brunei Darussalam (X% per year).

Export Prices by Country

In 2022, the average meat preparations of poultry export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Indonesia ($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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Meat Preparations of Poultry

Imports into Malaysia

In 2022, imports of meat preparations of poultry into Malaysia reduced sharply to X tons, waning by X% against 2021. Overall, imports saw a precipitous contraction. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, meat preparations of poultry imports contracted significantly to $X in 2022. In general, imports faced a precipitous decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest meat preparations of poultry supplier to Malaysia, with a X% share of total imports. Moreover, meat preparations of poultry imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the Philippines (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of meat preparations of poultry to Malaysia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2022, the average meat preparations of poultry import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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