Malaysia: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Malaysia

The Malaysian market for salted, dried or smoked meat, and offal reduced to $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, saw a noticeable slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Salted, Dried or Smoked Meat, and Offal in Malaysia

In value terms, production of salted, dried or smoked meat, and offal reduced to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Malaysia

In 2022, the amount of salted, dried or smoked meat, and offal exported from Malaysia surged to X tons, growing by X% against the previous year's figure. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of salted, dried or smoked meat, and offal dropped slightly to $X in 2022. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Thailand (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from Malaysia, with a X% share of total exports. It was followed by Hong Kong SAR (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Thailand stood at X%.

In value terms, Thailand ($X) remains the key foreign market for salted, dried or smoked meat, and offal exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Thailand stood at X%.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Hong Kong SAR ($X per ton), while the average price for exports to Thailand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%).

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Malaysia

In 2022, purchases abroad of salted, dried or smoked meat, and offal decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of salted, dried or smoked meat, and offal surged to $X in 2022. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of salted, dried or smoked meat, and offal to Malaysia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest salted, dried or smoked meat, and offal suppliers to Malaysia were the United States ($X), Spain ($X) and China ($X), together comprising X% of total imports.

Spain, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for salted, dried or smoked meat, and offal increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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