Oleo oils Market Overview in Malaysia
In value terms, oleo oils production stood at $ in 2019 estimated in export prices. Over the period under review, production recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by % y-o-y. Oleo oils production peaked in 2019 and is expected to retain growth in the immediate term.
The revenue of the oleo oils market in Malaysia reached $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when the market value increased by % y-o-y. Oleo oils consumption peaked in 2019 and is expected to retain growth in years to come.