Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia - 2024
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia (FOB) - 2024
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia (CIF) - 2024
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia (FOB) - 2024
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,434 per ton in April 2024, which is down by -11.9% against the previous month. Overall, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in October 2023 an increase of 8.9% against the previous month. Over the period under review, the average export prices hit record highs at $1,727 per ton in April 2023; however, from May 2023 to April 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($2,941 per ton), while the average price for exports to China ($1,002 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia (CIF) - 2024
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,343 per ton in April 2024, falling by -55.9% against the previous month. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in March 2024 an increase of 89% against the previous month. As a result, import price reached the peak level of $3,044 per ton, and then shrank remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Singapore ($3,114 per ton), while the price for Indonesia amounted to $988 per ton.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Singapore (+0.2%).
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia
In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from Malaysia reduced markedly to 270K tons, declining by -17.3% compared with the previous year. Overall, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 53%. As a result, the exports attained the peak of 327K tons, and then reduced sharply in the following year.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats reduced remarkably to $392M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 73%. As a result, the exports reached the peak of $498M, and then contracted sharply in the following year.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 22.6 | 28.2 | 54.6 | 43.5 | 24.4% |
| China | 37.9 | 31.1 | 51.0 | 36.7 | -1.1% |
| Australia | 22.3 | 21.2 | 43.7 | 32.0 | 12.8% |
| Brazil | 23.1 | 19.7 | 45.8 | 29.3 | 8.2% |
| Canada | 19.5 | 14.4 | 23.6 | 23.5 | 6.4% |
| Singapore | 18.6 | 15.5 | 22.9 | 22.4 | 6.4% |
| Philippines | 12.8 | 9.9 | 21.8 | 21.5 | 18.9% |
| Taiwan (Chinese) | 15.2 | 16.2 | 28.3 | 18.9 | 7.5% |
| South Korea | 12.4 | 11.3 | 20.3 | 18.8 | 14.9% |
| Pakistan | 7.7 | 9.7 | 16.7 | 15.4 | 26.0% |
| Chile | 12.4 | 8.6 | 11.7 | 14.7 | 5.8% |
| Vietnam | 8.2 | 7.4 | 14.9 | 13.4 | 17.8% |
| Sri Lanka | 9.1 | 10.1 | 23.9 | 12.5 | 11.2% |
| Others | 91.8 | 83.7 | 119 | 90.0 | -0.7% |
| Total | 314 | 287 | 498 | 392 | 7.7% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Malaysia in 2022:
- China (33.5K tons)
- Thailand (31.8K tons)
- Australia (20.4K tons)
- Singapore (16.1K tons)
- Philippines (15.2K tons)
- Taiwan (Chinese) (13.7K tons)
- Brazil (13.2K tons)
- Canada (12.8K tons)
- Pakistan (12.4K tons)
- South Korea (12.2K tons)
- Chile (9.4K tons)
- Sri Lanka (8.6K tons)
- Vietnam (8.0K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia
In 2022, approx. 6.4K tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Malaysia; which is down by -17.3% on the year before. Overall, imports saw a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 53%.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats dropped markedly to $9.6M in 2022. In general, imports recorded a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 13.4 | 1.6 | 6.9 | 5.0 | -28.0% |
| Singapore | 4.9 | 1.5 | 2.4 | 2.4 | -21.2% |
| Thailand | N/A | N/A | N/A | 0.5 | 0% |
| Australia | 0.7 | 0.5 | 0.3 | 0.3 | -24.6% |
| Saudi Arabia | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Japan | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Sweden | 2.9 | 0.1 | 0.3 | 0.1 | -67.5% |
| Netherlands | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| China | 1.8 | 0.3 | 0.3 | 0.1 | -61.8% |
| Kenya | N/A | 1.5 | N/A | N/A | 0% |
| Turkey | 1.2 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 1.5 | 1.6 | 0.9 | -20.6% |
| Total | 27.0 | 7.2 | 12.0 | 9.6 | -29.2% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Malaysia in 2022:
- Indonesia (4176.3 tons)
- Singapore (991.9 tons)
- Thailand (444.9 tons)
- Saudi Arabia (174.9 tons)
- Japan (111.9 tons)
- Australia (96.8 tons)
- Netherlands (49.4 tons)
- Sweden (32.1 tons)
- China (28.6 tons)
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