Malaysia: Confectionery Market 2022

Confectionery Market Size in Malaysia

In 2021, the malaysian confectionery market increased by X% to $X, rising for the fifth year in a row after two years of decline.The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Confectionery Production in Malaysia

In value terms, confectionery production dropped slightly to $X in 2021 estimated in export price.The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period.The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year.Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Confectionery Exports

Exports from Malaysia

In 2021, overseas shipments of confectionery decreased by -X% to X tons, falling for the second consecutive year after two years of growth.The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period.The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year.As a result, the exports reached the peak of X tons. from 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, confectionery exports totaled $X in 2021.The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period.The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year.As a result, the exports attained the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

China (X tons), Japan (X tons) and the United States (X tons) were the main destinations of confectionery exports from Malaysia, together comprising X% of total exports. These countries were followed by Singapore, Thailand, Indonesia, the Philippines, Turkey, Australia, Russia, France, Estonia and South Korea, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for confectionery exported from Malaysia were Japan ($X), China ($X) and the United States ($X), together comprising X% of total exports. These countries were followed by Singapore, Thailand, Turkey, Indonesia, France, the Philippines, Australia, Estonia, Russia and South Korea, which together accounted for a further X terms of the main countries of destination, Turkey, with a CAGR of +X%, 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 confectionery export price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. from 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into Malaysia

In 2021, supplies from abroad of confectionery was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend.The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.The growth pace was the most rapid in 2013 with an increase of X the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, confectionery imports skyrocketed to $X in 2021.Overall, imports showed a relatively flat trend pattern.The most prominent rate of growth was recorded in 2014 with an increase of X a result, imports reached the peak of $X. from 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest confectionery supplier to Malaysia, accounting for a X% share of total imports. Moreover, confectionery imports from Indonesia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and China (-X% per year).

In value terms, the largest confectionery suppliers to Malaysia were Indonesia ($X), Singapore ($X) and Australia ($X), with a combined X% share of total imports. These countries were followed by China, Italy, Ghana, Thailand, India, the Netherlands, the United States, Vietnam, Cote d'Ivoire and Germany, which together accounted for a further X the main suppliers, Ghana, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average confectionery import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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