Malaysia's palm oil, wood products, and furniture, along with its central position as a halal hub, have huge potential for further growth in the Saudi market. Malaysia's Consul General in Jeddah, Mohd Khalid Abdul Razak, said that based on this, efforts are needed to promote products and the halal hub. He said that more than 70% of Saudi Arabia's demand for food products is imported, and the halal hub can be more strongly enhanced. He said: 'Last year, about 87,000 Saudi Arabian tourists arrived in Malaysia, and with better promotion this year, it is hoped that this number will rise.'
Currently, Malaysia is one of the world's leading centers for Halal food (and consumables) certification and a manufacturing center for Muslim food (and consumables). Malaysia's Halal certification has gained international recognition and acceptance, making it easy for Malaysian companies to establish business relationships with countries around the world. The 2010 MIHAS Malaysia International Halal Showcase achieved total sales of $400 million, with more than 32,000 traders from 81 countries participating. The top five buyers purchased palm oil products, processed food and beverages, confectionery, pharmaceuticals, cosmetics, and skincare products. Among them, the top ten countries by purchase value were the United Arab Emirates (UAE), Ukraine, Australia, Japan, Morocco, Singapore, Vietnam, China, Hong Kong, and South Africa.
Many companies in China have now obtained Halal certification and are actively entering the Halal market, such as Shanghai Amin Biotechnology Co., Ltd., Shandong Jinli Biological Products Co., Ltd., and Perfect (China) Co., Ltd. We hope that more enterprises will pay attention to this market, enter it at the right time, and benefit from it.
FAQ
- What advantages do Malaysian Halal products have in markets such as Saudi Arabia?
- Malaysia is one of the world's leading centers for Halal food (and consumables) certification and a Muslim food manufacturing center; its Halal certification has gained international recognition and acceptance, making it easy for Malaysian companies to establish business relationships with countries around the world. Markets such as Saudi Arabia import more than 70% of their food demand, providing growth potential for Malaysia's palm oil, wood products, and furniture. The 2010 MIHAS Malaysia International Halal Showcase achieved total sales of $400 million, attracting 32,000 traders from 81 countries.
