
Malaysia - Whey - Market Analysis, Forecast, Size, Trends and Insights
Malaysia: Whey Market 2023
Whey Market Size in Malaysia
The Malaysian whey market skyrocketed to $X in 2021, with an increase of 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Whey Exports
Exports from Malaysia
In 2021, after two years of growth, there was significant decline in shipments abroad of whey, when their volume decreased by -68.1% to X tons. Overall, exports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2013 when exports increased by 295% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.
In value terms, whey exports dropped rapidly to $X in 2021. Over the period under review, exports, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2013 with an increase of 330%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.
Exports by Country
China (X tons) was the main destination for whey exports from Malaysia, accounting for a 57% share of total exports. Moreover, whey exports to China exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a 9.4% share.
From 2012 to 2021, the average annual growth rate of volume to China stood at +56.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+3.0% per year) and Indonesia (+41.2% per year).
In value terms, Thailand ($X), China ($X) and Indonesia ($X) were the largest markets for whey exported from Malaysia worldwide, with a combined 82% share of total exports.
In terms of the main countries of destination, Indonesia, with a CAGR of +45.3%, 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 whey export price stood at $X per ton in 2021, waning by -11.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 South Korea (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Whey Imports
Imports into Malaysia
In 2021, imports of whey into Malaysia reached X tons, picking up by 8.3% compared with 2020 figures. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 9.5% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.
In value terms, whey imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
France (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of whey imports to Malaysia, together comprising 42% of total imports. These countries were followed by Ireland, Poland, the Czech Republic, Lithuania, New Zealand, Australia, Singapore, Latvia, Turkey and the Netherlands, which together accounted for a further 52%.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +78.2%), while imports for the other leaders experienced more modest paces of growth.
In value terms, France ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest whey suppliers to Malaysia, together comprising 40% of total imports. Ireland, Poland, the United States, New Zealand, Lithuania, Australia, the Netherlands, Singapore, Latvia and Turkey lagged somewhat behind, together accounting for a further 54%.
In terms of the main suppliers, Turkey, with a CAGR of +92.9%, recorded 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 whey import price amounted to $X per ton, jumping by 16% against the previous year. Over the period under review, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the whey market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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