Malaysia: Pig Fat Market 2020

Pig Fat Market Size in Malaysia

The revenue of the pig fat market in Malaysia amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Pig fat consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in Malaysia

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a resilient increase from 2007 to 2018: 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. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. In that year, pig fat production reached its peak level of $X. From 2011 to 2018, pig fat production growth remained at a somewhat lower figure.

Pig Fat Exports

Exports from Malaysia

Pig fat exports from Malaysia totaled X tons in 2018, standing approx. at the previous year. In general, pig fat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. In that year, pig fat exports reached their peak of X tons. From 2015 to 2018, the growth of pig fat exports failed to regain its momentum.

In value terms, pig fat exports stood at $X in 2018. In general, pig fat exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, pig fat exports attained their peak figure at $X in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

Exports by Country

Vietnam (X tons), Singapore (X tons) and Liberia (X kg) were the main destinations of pig fat exports from Malaysia, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Liberia, while the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X) remains the key foreign market for pig fat exports from Malaysia, comprising X% of total pig fat exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Vietnam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Liberia (+X% per year).

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the pig fat export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. Over the period under review, the average export prices for pig fat reached their peak figure at $X per ton in 2010; however, from 2011 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Liberia ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced mixed trend patterns.

Pig Fat Imports

Imports into Malaysia

In 2018, the amount of pig fat imported into Malaysia totaled X tons, growing by X% against the previous year. Over the period under review, pig fat imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, pig fat imports reached their peak figure at X tons in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

In value terms, pig fat imports totaled $X in 2018. Over the period under review, pig fat imports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, pig fat imports reached their maximum at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Sweden (X tons) constituted the largest supplier of pig fat to Malaysia, with a X% share of total imports. Moreover, pig fat imports from Sweden exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was occupied by the U.S. (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Sweden totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and the U.S. (+X% per year).

In value terms, the largest pig fat suppliers to Malaysia were Sweden ($X), the U.S. ($X) and Canada ($X), together accounting for X% of total imports.

Among the main suppliers, Sweden recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, declining by -X% against the previous year. Overall, the pig fat import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the average import prices for pig fat attained their maximum at $X per ton in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform