Price for Protein; Concentrates and Textured Protein Substances in Malaysia - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Malaysia (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Malaysia (FOB) - 2024
- Imports of Protein; Concentrates and Textured Protein Substances in Malaysia
- Exports of Protein; Concentrates and Textured Protein Substances in Malaysia
Price for Protein; Concentrates and Textured Protein Substances in Malaysia (CIF) - 2024
In April 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $3,324 per ton, surging by 29% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2024 an increase of 59% m-o-m. The import price peaked at $3,834 per ton in May 2023; however, from June 2023 to April 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($12,590 per ton), while the price for India ($923 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Brazil (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Malaysia (FOB) - 2024
The average export price for protein; concentrates and textured protein substanceses stood at $1,938 per ton in April 2024, stabilizing at the previous month. Overall, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in June 2023 an increase of 67% m-o-m. The export price peaked at $5,266 per ton in April 2023; however, from May 2023 to April 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brunei Darussalam ($3,573 per ton), while the average price for exports to Australia ($853 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 Hong Kong SAR (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Malaysia
In 2022, after three years of growth, there was significant decline in overseas purchases of protein; concentrates and textured protein substanceses, when their volume decreased by -15.6% to 9.4K tons. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of 11K tons, and then fell notably in the following year.
In value terms, imports of protein; concentrates and textured protein substanceses contracted markedly to $46M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 133%. As a result, imports attained the peak of $67M, and then dropped remarkably in the following year.
| Import of Protein; Concentrates and Textured Protein Substances in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.1 | 18.4 | 36.2 | 22.4 | 16.7% |
| China | 5.0 | 5.9 | 7.4 | 9.3 | 23.0% |
| Taiwan (Chinese) | 1.6 | 1.5 | 1.9 | 3.1 | 24.7% |
| Italy | N/A | N/A | 16.6 | 2.4 | -85.5% |
| United Kingdom | N/A | N/A | 0.2 | 2.3 | 1050.0% |
| Spain | N/A | 0.7 | 0.8 | 2.0 | 69.0% |
| India | 0.4 | 0.6 | 1.0 | 1.4 | 51.8% |
| Brazil | 0.6 | 0.4 | 1.2 | 1.3 | 29.4% |
| Argentina | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
| Others | 0.5 | 0.9 | 1.2 | 1.4 | 40.9% |
| Total | 22.2 | 28.6 | 66.7 | 45.9 | 27.4% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Malaysia in 2022:
- China (3291.9 tons)
- United States (1421.7 tons)
- India (1142.6 tons)
- Taiwan (Chinese) (997.3 tons)
- Brazil (917.1 tons)
- Spain (455.3 tons)
- United Kingdom (365.0 tons)
- Argentina (345.7 tons)
- Italy (156.3 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Malaysia
In 2022, shipments abroad of protein; concentrates and textured protein substanceses decreased by -22.6% to 2.2K tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 5.6% against the previous year. As a result, the exports attained the peak of 3.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of protein; concentrates and textured protein substanceses reached $7.5M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Protein; Concentrates and Textured Protein Substances in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 942 | 1,143 | 1,907 | 2,596 | 40.2% |
| Singapore | 760 | 576 | 1,131 | 1,401 | 22.6% |
| Philippines | 1,557 | 1,918 | 1,254 | 1,007 | -13.5% |
| Japan | 30.0 | 5.2 | 587 | 863 | 206.4% |
| Australia | 211 | 249 | 709 | 602 | 41.8% |
| Hong Kong SAR | 750 | 338 | 500 | 321 | -24.6% |
| Indonesia | 128 | 49.3 | 146 | 97.4 | -8.7% |
| Vietnam | 29.1 | 7.6 | 203 | 60.5 | 27.6% |
| China | 10.0 | 11.8 | 10.3 | 53.8 | 75.2% |
| Nigeria | 301 | 172 | N/A | N/A | -42.9% |
| Others | 303 | 407 | 826 | 464 | 15.3% |
| Total | 5,021 | 4,876 | 7,272 | 7,465 | 14.1% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Malaysia in 2022:
- Philippines (693.0 tons)
- Singapore (469.2 tons)
- United Kingdom (360.0 tons)
- Australia (134.5 tons)
- Hong Kong SAR (134.4 tons)
- Japan (92.7 tons)
- Indonesia (74.4 tons)
- China (66.5 tons)
- Vietnam (66.2 tons)
414
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Malaysia.
527
This report provides an in-depth analysis of the market for prepared dishes and meal in Malaysia.
419
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in Malaysia.
895
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
1430
This report provides an in-depth analysis of the global market for prepared dishes and meal.
607
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
414
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Malaysia.
527
This report provides an in-depth analysis of the market for prepared dishes and meal in Malaysia.
895
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
1430
This report provides an in-depth analysis of the global market for prepared dishes and meal.
374
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
319
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
374
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
