Price for Cheese of All Kinds, Grated or Powdered in Malaysia - 2024
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Malaysia (CIF) - 2024
- Price for Cheese of All Kinds, Grated or Powdered in Malaysia (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Malaysia
- Exports of Cheese of All Kinds, Grated or Powdered in Malaysia
Price for Cheese of All Kinds, Grated or Powdered in Malaysia (CIF) - 2024
The average import price for cheese of all kinds, grated or powdered stood at $5,992 per ton in December 2023, almost unchanged from the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 43% against the previous month. As a result, import price reached the peak level of $7,926 per ton. From March 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Australia ($9,038 per ton), while the price for New Zealand ($4,445 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Australia (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cheese of All Kinds, Grated or Powdered in Malaysia (FOB) - 2022
In 2022, the average export price for cheese of all kinds, grated or powdered amounted to $3,509 per ton, surging by 49% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 63%. The export price peaked at $7,856 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($7,014 per ton), while the average price for exports to China ($1,363 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Cheese of All Kinds, Grated or Powdered in Malaysia
In 2022, purchases abroad of cheese of all kinds, grated or powdered was finally on the rise to reach 5K tons after two years of decline. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cheese of all kinds, grated or powdered soared to $26M in 2022. The total import value increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 8.7 | 9.5 | 9.0 | 15.4 | 21.0% |
| Australia | 2.1 | 2.7 | 4.3 | 4.2 | 26.0% |
| Germany | 2.1 | 2.4 | 3.6 | 1.6 | -8.7% |
| Singapore | 0.3 | 0.5 | 0.5 | 1.3 | 63.0% |
| United States | 0.3 | 0.5 | 1.0 | 1.0 | 49.4% |
| Netherlands | 0.3 | 0.2 | 0.3 | 0.7 | 32.6% |
| United Kingdom | 6.0 | 4.1 | 2.3 | 0.6 | -53.6% |
| Belgium | 0.5 | 0.3 | 0.2 | 0.3 | -15.7% |
| Others | 0.4 | 1.1 | 0.5 | 1.2 | 44.2% |
| Total | 20.8 | 21.2 | 21.8 | 26.3 | 8.1% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Malaysia in 2022:
- New Zealand (3487.4 tons)
- Australia (533.2 tons)
- Singapore (205.6 tons)
- United States (178.5 tons)
- Germany (143.0 tons)
- United Kingdom (123.7 tons)
- Netherlands (76.1 tons)
- Belgium (59.9 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Malaysia
In 2022, after two years of decline, there was significant growth in shipments abroad of cheese of all kinds, grated or powdered, when their volume increased by 39,399% to 962 tons. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cheese of all kinds, grated or powdered skyrocketed to $3.4M in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cheese of All Kinds, Grated or Powdered in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 4.3 | 2.8 | 2.4 | 2,159 | 694.8% |
| China | 0.9 | 2.0 | 2.0 | 654 | 799.0% |
| Brunei Darussalam | 3.3 | 1.6 | 1.0 | 521 | 440.5% |
| Others | 0.5 | 0.7 | 0.3 | 42.0 | 338.0% |
| Total | 9.0 | 7.2 | 5.7 | 3,375 | 621.1% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Malaysia in 2022:
- China (479.7 tons)
- Singapore (307.8 tons)
- Brunei Darussalam (151.8 tons)
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