Concentrated sweetened milk and cream market in Malaysia

Earlier Report Observations

The market for concentrated sweetened milk and cream in Malaysia fluctuated between 2018 and 2020, with volume reaching 252 thousand tonnes in 2019 before declining to 232 thousand tonnes in the following year.

Recovery began in 2021 as volume rose to 245 thousand tonnes, aided by domestic companies expanding their distribution networks for cream products. A significant expansion to 300 thousand tonnes occurred in 2022, driven primarily by Fraser & Neave Holdings Bhd launching Malaysia's first cream-sweetened condensed milk in convenient tube packaging, which stimulated sales, alongside growing demand for culinary applications in desserts and beverages. This growth reversed in 2023 when market volume fell to 265 thousand tonnes, a period that coincided with a 20% drop in the import value of similar concentrated milk products, indicating a market adjustment.

Production of sweetened condensed milk in Malaysia has shown a sustained increase, supported by persistent demand for culinary uses and the popularity of innovative, convenient packaging formats like tubes. The market operates within a clear regulatory framework set by the Food Regulations 1985, which defines compositional standards and requires product labels to be in Malay, ensuring consistent market access and consumer information.

Production concentrated sweetened milk and cream in Malaysia

In kind, 2018-2021, K t

From 2018 to 2021, Malaysia maintained its position as the world's second-largest producer of concentrated sweetened milk and cream by volume.

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

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

Following a two-year decline, Malaysia's production of concentrated sweetened milk and cream rebounded in 2021. Output reached 318.4 K t, marking a moderate increase of 6.5% compared to 2020. The lowest production level was recorded in 2020 at 299.0 K t, which represented the largest decline of 6.0% during this period.

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

In value, 2018-2021, M $ US

After two years of decline, Malaysia's production of concentrated sweetened milk and cream showed a strong recovery in 2021. The output was valued at 318.0 M $ US, reflecting a robust increase of 12.3% compared to the previous year. Between 2018 and 2021, production grew by 6.3%, equivalent to an annualized rate of 2.1%. The lowest value was recorded in 2020 at 283.1 M $ US, while the largest decline occurred in 2019 at 3.5%.

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

Exports concentrated sweetened milk and cream from Malaysia

Exports in kind, t

Malaysia's exports of concentrated sweetened milk and cream increased for the second consecutive year in 2021. Shipments totaled 76 580 t, representing an improvement of 11.0% compared to the previous year. The lowest export volume was recorded in 2019 at 66 958 t, which also saw the largest decline of 13.4%.

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

During the 2018–2021 period, Indonesia (23.1% of exports in kind), Mexico (16.3%), and the Philippines (10.3%) were among the largest buyers of concentrated sweetened milk and cream from Malaysia. However, even combined, these three markets accounted for just 49.7% of total exports in kind, indicating a broadly diversified partner base.

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, K $ US

Malaysia's exports of concentrated sweetened milk and cream in value terms increased for the second consecutive year in 2021. Exports reached 76 492 K $ US, reflecting a year-on-year advance of 17.1%. Over the 2018-2021 period, exports grew by 6.1%, with a compound annual growth rate (CAGR) of 2.0%. The lowest value was recorded in 2019 at 60 757 K $ US, which also experienced the largest decline of 15.7%.

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

Analysis of exports in value terms from 2018 to 2021 reveals a broad distribution across multiple markets. Indonesia (22.9% of exports in value terms), Mexico (17.3%), and Thailand (9.4%) together accounted for only 49.6% of total flows, with the remaining 50.4% spread across other partners.

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 sweetened milk and cream to Malaysia

Imports in kind, t

Malaysia's imports of concentrated sweetened milk and cream increased for the third consecutive year in 2021. Imports reached 2 889 t, showing a sharp improvement of 59.3% compared to the previous year. Over the 2018-2021 period, imports surged by 307.7%, with a compound annual growth rate (CAGR) of 59.7%.

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

From 2018 to 2021, Australia and Singapore remained the primary sources for Malaysia's imports of concentrated sweetened milk and cream in kind, jointly accounting for 81.7% of total flows, while other partners made up the remainder.

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, K $ US

Malaysia's imports of concentrated sweetened milk and cream in value terms increased for the third consecutive year in 2021. Imports totaled 2 889 K $ US, marking an advance of 50.5% compared to the previous year. Over the 2018-2021 period, imports grew by 336.5%, with a compound annual growth rate (CAGR) of 63.4%.

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

During the 2018–2021 period, three main markets — Australia, Belgium, and Singapore — together absorbed 87.5% of Malaysia's total imports of concentrated sweetened milk and cream in value terms.

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

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