Concentrated or sweetened milk and cream market in Malaysia

Earlier Report Observations

The market volume for concentrated or sweetened milk and cream in Malaysia experienced notable fluctuations from 2018 to 2023. After declining from 751 thousand tons in 2018 to 687 thousand tons in 2020, it rebounded sharply to 851 thousand tons in 2022 before contracting to 765 thousand tons in 2023. This growth phase was supported by the introduction of automated milk processing systems and a rising population, which enhanced production efficiency and overall demand. Additionally, the launch of innovative products like cream-sweetened condensed milk in stick and tube formats by Fraser & Neave helped stimulate sales during this period.

The later decline in market volume coincided with increasing health awareness among consumers, leading many to reduce their sugar intake from condensed and evaporated milk. Throughout the period, traditional uses of sweetened condensed milk in popular local beverages and desserts provided steady demand, while major players such as Fonterra and Nestlé engaged in sustainability initiatives and community programs that influenced market dynamics. Shifting preferences toward halal-certified and plant-based dairy alternatives also emerged as a significant trend, reshaping the competitive landscape.

Production concentrated or sweetened milk and cream in Malaysia

In kind, 2018-2021, K t

Malaysia was among the world's leading producers of concentrated or sweetened milk and cream from 2018 to 2021, ranking 7th globally by production volume.

Top producers of concentrated or sweetened milk and cream, 2018-2021

World map of production of concentrated or sweetened milk and cream, 2018-2021

Following a two-year decline, Malaysia's production of concentrated or sweetened milk and cream rebounded in 2021. The country produced 702.5 K t that year, marking a 6.5% increase from 2020. Production had reached its lowest point in 2020 at 659.7 K t, which represented a 6.0% drop from the previous year.

Annual dynamics of production in Malaysia in kind, 2018-2021, K t

In value, 2018-2021, M $ US

In 2021, the output of concentrated or sweetened milk and cream in Malaysia was valued at 1 197 M $ US, an 11.0% rise compared to 2020. Over the 2018-2021 period, production grew by 3.2%, with a compound annual growth rate of 1.1%. The value peaked in 2019 at 1 201 M $ US, then fell to a low of 1 078 M $ US in 2020, a decline of 10.2%.

Annual dynamics of production in Malaysia in value, 2018-2021, M $ US

Exports concentrated or sweetened milk and cream from Malaysia

Exports in kind, K t

Malaysia's exports of concentrated or sweetened milk and cream declined for the second consecutive year in 2021. The export volume stood at 118.3 K t, a substantial 16.6% decrease from 2020. From 2018 to 2021, exports dropped by 19.3%, equivalent to an annualized rate of 6.9%. The highest export volume was recorded in 2019 at 147.7 K t, which saw a modest 0.8% increase that year.

Annual dynamics of product's exports from Malaysia in kind, 2018-2021, K t

From 2018 to 2021, Malaysia's export partners for concentrated or sweetened milk and cream were diverse. Indonesia accounted for 12.2% of exports in kind, Mexico for 8.6%, and the Philippines for 7.2%, together making up 28.1% of total flows. The remaining 71.9% was distributed among many other countries.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Malaysia in kind, 2018-2021

Exports in value, M $ US

Malaysia's exports of concentrated or sweetened milk and cream in value terms fell for the second year in a row in 2021. Exports amounted to 201.5 M $ US, reflecting a significant 13.1% decline from 2020. Between 2018 and 2021, exports decreased by 16.1%, with an annualized rate of 5.7%. The peak value was in 2019 at 252.8 M $ US, which experienced a 5.3% increase that year.

Annual dynamics of product's exports from Malaysia in value, 2018-2021, M $ US

Over the 2018-2021 period, Malaysia's exports of concentrated or sweetened milk and cream in value terms were not highly concentrated. Indonesia represented 7.4% of exports, Sudan 6.7%, and Somalia 6.3%, together accounting for 20.4% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Malaysia in value, 2018-2021

Imports concentrated or sweetened milk and cream to Malaysia

Imports in kind, K t

In 2021, Malaysia's imports of concentrated or sweetened milk and cream reached 171.5 K t, a slight 1.5% increase from 2020. From 2018 to 2021, imports decreased by 9.7%, corresponding to an annualized rate of 3.3%. Imports peaked in 2019 at 190.8 K t, then dropped to a low of 168.9 K t in 2020, a decline of 11.5%.

Annual dynamics of product's imports to Malaysia in kind, 2018-2021, K t

From 2018 to 2021, New Zealand, the United States, and Ireland were the main suppliers of concentrated or sweetened milk and cream to Malaysia. New Zealand accounted for 42.4% of imports in kind, the United States for 18.7%, and Ireland for 6.6%, together making up 67.7% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Malaysia in kind, 2018-2021

Imports in value, M $ US

Malaysia's imports of concentrated or sweetened milk and cream in value terms increased for the third consecutive year in 2021. Imports rose to 568.0 M $ US, up by 9.9% from 2020. Over the 2018-2021 period, imports grew by 21.9%, with an annualized rate of 6.8%.

Annual dynamics of product's imports to Malaysia in value, 2018-2021, M $ US

Throughout 2018-2021, New Zealand, the United States, and Ireland dominated Malaysia's imports of concentrated or sweetened milk and cream in value terms, collectively accounting for 73.2% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Malaysia in value, 2018-2021