Updated Feb 6, 2023 09:07

Starch Manufacture Residues Market in Malaysia

Market Overview
The Malaysian starch manufacture residues market dropped to $ in , stabilizing at 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). Over the period under review, consumption, however, posted a remarkable increase. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption stood at a somewhat lower figure.

In value terms, starch manufacture residues production fell to $ in estimated in export price. In general, production, however, posted a prominent increase. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Starch manufacture residues production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.


Consumption
In , approx. tons of residues of starch manufacture were consumed in Malaysia; which is down by -% on . Overall, consumption, however, recorded strong growth. Starch manufacture residues consumption peaked at tons in 2019; however, from to , consumption remained at a lower figure.

The size of the starch manufacture residues market in Malaysia declined to $ in , remaining relatively unchanged 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). Over the period under review, consumption, however, posted resilient growth. Starch manufacture residues consumption peaked at $ in 2019; however, from to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for residues of starch manufacture in Malaysia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total starch manufacture residues consumption in Malaysia was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Malaysia starch manufacture residues market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Malaysia remains a net importer of starch manufacture residues; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.