Rapeseed oilcake market in Malaysia

Earlier Report Observations

Between 2018 and 2023, the rapeseed oilcake market volume in Malaysia fluctuated in physical terms, declining from 26 331 t in 2018 to 24 021 t in 2019 before rising to a peak of 38 033 t in 2021. After a slight contraction in 2022, volume rebounded strongly to 41 999 t in 2023. In value terms, the market showed consistent growth from 2019 onward, reaching 19 087 thousand US dollars by 2023. The significant volume increase in 2023 coincided with a marked consumer shift towards healthier oil options high in omega-3, such as rapeseed oil, which boosted demand for its by-products. Concurrently, subdued palm oil yields in Malaysia due to ageing oil palms and labour shortages made rapeseed-based products a more attractive alternative, supporting market expansion.

Moving into the mid-2020s, the market landscape continued to be shaped by the presence of established domestic players like Lam Soon (M) Bhd and sustained health-conscious consumption trends. Research highlighted the potential of rapeseed proteins for use in food products, indicating emerging application segments for oilcake residues. International price volatility for canola oil also remained a feature influencing the market's cost environment.

Production rapeseed oilcake in Malaysia

In kind, 2018-2021, t

Top producers of rapeseed oilcake, 2018-2021

World map of production of rapeseed oilcake, 2018-2021

Malaysia's rapeseed oilcake production has increased for the second consecutive year. In 2021, the country produced 30 100 tonnes, marking a significant 13.6% rise compared to 2020. Looking at the broader period from 2018 to 2021, production grew by 43.3%, which translates to an annualized growth rate of 12.7%. The lowest production level was recorded in 2019 at 18 800 tonnes, which also saw the largest decline of 10.5%. In contrast, the most substantial increase occurred in 2020, with a jump of 41.0%.

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

In value, 2018-2021, K $ US

Malaysia's rapeseed oilcake production has increased for the second consecutive year. In 2021, the output was valued at 13 581 thousand US dollars, representing a robust year-on-year growth of 46.9%. Over the period from 2018 to 2021, production value surged by 86%, equating to an annualized rate of 23.0%. The lowest value was recorded in 2019 at 6 511 thousand US dollars, which also experienced the largest decline of 10.8%.

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

Exports rapeseed oilcake from Malaysia

Exports in kind, t

Foreign rapeseed oilcake supplies from Malaysia have increased for the second consecutive year. In 2021, Malaysia exported 391 tonnes, showing a 4.4% rise compared to 2020. However, over the period from 2018 to 2021, exports decreased by 55.4%, which corresponds to an annualized decline of 23.6%. The lowest export volume was recorded in 2019 at 319 tonnes, which also saw the largest drop of 63.5%. The most significant increase occurred in 2020, with a growth of 17.2%.

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

From 2018 to 2021, Brunei Darussalam and Myanmar were the dominant destinations for Malaysia's rapeseed oilcake exports in kind, jointly accounting for 99.4% of total flows. Other countries held much smaller shares during this period.

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

Foreign rapeseed oilcake supplies from Malaysia have increased for the second consecutive year. In 2021, Malaysia exported rapeseed oilcake worth 176 thousand US dollars, indicating a sharp 35.0% uptick compared to 2020. Over the period from 2018 to 2021, exports decreased by 42.1%, equating to an annualized decline of 16.6%. The lowest value was recorded in 2019 at 111 thousand US dollars, which also experienced the largest decline of 63.6%.

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

From 2018 to 2021, Brunei Darussalam and Myanmar together accounted for 99.0% of Malaysia's rapeseed oilcake exports in value terms. Brunei Darussalam held a 55.1% share, while Myanmar accounted for 43.9%, with other partners making up the remainder.

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

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

Imports rapeseed oilcake to Malaysia

Imports in kind, t

The volume of rapeseed oilcake imports into Malaysia has increased for the second consecutive year. In 2021, imports reached 8 324 tonnes, marking a 34.0% increase from the previous year. Over the period from 2018 to 2021, imports grew by 34.1%, with a compound annual growth rate (CAGR) of 10.3%. The lowest import volume was recorded in 2019 at 5 540 tonnes, which also saw the largest decline of 10.7%.

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

From 2018 to 2021, India was the primary source for rapeseed oilcake imports into Malaysia in kind, accounting for 99.5% of total flows.

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

The market for rapeseed oilcake imports into Malaysia showed notable volatility during these years. Imports peaked in 2019 at 3 241 thousand US dollars and reached their lowest point in 2018, with a 2.2-fold difference between these years. In 2021, imports totaled 2 630 thousand US dollars, marking a steep advance of 66.5% compared to the previous year. The largest decline occurred in 2020, with a drop of 51.3%, while the largest increase was recorded in 2019, with a jump of 118.6%.

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

From 2018 to 2021, India was the almost exclusive supplier of rapeseed oilcake to Malaysia in value terms, taking 99.5% of total imports.

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

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