MIHAS 2022 exceeds target and generates RM2.36 billion in sales
Kuala Lumpur – The 18th edition of the Malaysia International Halal Showcase (MIHAS) 2022, organized by the Malaysia External Trade Development Corporation (MATRADE), under the patronage of the Ministry of International Trade and Industry (MITI), has again delivered a record-breaking showcase, generating a total of RM2.36 billion in sales, beating its original target of RM1.9 billion.
Of the total, exhibitor sales recorded RM1.65 billion from the showcase, while RM714.7 million was generated through the International Sourcing Program (INSP), comprising of pre-arranged B2B meetings conducted physically and virtually in conjunction with MIHAS 2022. The highest total sales were recorded by financial services, agricultural products, ready meals, beverages as well as palm oil products.
The INSP MIHAS, organized jointly with the MIHAS 2022, was organized according to a hybrid approach. A total of 264 Malaysian exporters and 192 overseas buyers from 33 countries attended the physical INSP while 226 Malaysian exporters and 197 overseas buyers from 48 countries attended the virtual INSP. Five premium buyers from India, Qatar, Saudi Arabia, Turkey and the United States were also physically brought in to meet Malaysian exporters. A total revenue of RM714.70 million was recorded, comprising RM650.22 million from physical INSP and RM64.48 million from virtual INSP.
“Through MIHAS, MATRADE continues to strengthen Malaysia as the heart of the global Halal hub. This year, MIHAS was indeed bigger and better thanks to our hybrid approach. Going forward, we encourage the business community, especially micro, small and medium-sized enterprises (MSMEs) to think regionally or internationally, even if they are newly established. Businesses should be aware of the vast opportunities available in the international halal market and strive to exploit them. MATRADE is ready to help Malaysian exporters tap into the opportunities of the global Islamic economy, which is expected to grow to $2.8 trillion by 2025,” said MATRADE CEO, YBhg. Datuk Mohd Mustafa Abdul Aziz.
Following the success of MIHAS 2022, MATRADE has announced that next year’s edition of the world’s largest Halal showcase, MIHAS 2023, will be held from September 12-15, 2023 at the Malaysia International Trade and Exhibition Center (MITEC). YBhg. Datuk Mohd Mustafa Abdul Aziz said nearly 400 booths have already been booked by this year’s exhibitors.
MIHAS 2022 included four key elements, namely the Showcase, INSP, Knowledge Hub and MIHAS Awards.
The MIHAS 2022 showcase saw strong attendance from industry players from 33 countries, including Malaysia, with a total of 1,258 booths occupied throughout the four days of the exhibition from September 7-10, 2022. On this In total, Malaysian exhibitors occupied 1,049 (83.4%) of the total booths while the remaining 209 booths (16.6%) were occupied by international exhibitors. The most represented countries were Kuwait (33 stands), Indonesia (24 stands), Thailand (24 stands), South Africa (19 stands) and Palestine (14 stands).
The total number of visitors was 32,356, comprising 20,334 physical participants and 12,022 virtual participants. YBhg. Datuk Mohd Mustafa Abdul Aziz further explained that the support from the business community was overwhelming due to MATRADE’s decision to organize the 18th edition of the event (MIHAS 2022) in a hybrid format, offering both physical and virtual approaches following the achievements of the virtual MIHAS 2021. “The results exceeded our initial targets and MIHAS 2022 was the best edition organized to date. having attended the event virtually,” he said.
Complementing the networking aspect of MIHAS, the knowledge sharing component hosted under the Knowledge Hub program attracted the interest and participation of over 1,500 delegates. Participants were represented by both Malaysian and international companies in various Halal industry clusters. A total of five Knowledge Hub sessions were hosted by MATRADE, which focused on providing information on trends, market access and sourcing requirements through direct engagements with premium buyers brought in physically. at MIHAS 2022.
After winning the World Trade Promotion Organizations (WTPO) award last year, MATRADE has stepped up its digitization efforts with the launch of a virtual learning platform, MATRADE Digital Learning (MDL). The platform was chaired by Prime Minister YAB Dato’ Sri Ismail Sabri bin Yaakob during MIHAS 2022. The MDL platform is one of the efforts of the Ministry of International Trade and Industry (MITI) and MATRADE to improve the knowledge and skills of Malaysian businesses, including micro, small and medium enterprises in building their export skills. “The MDL platform was developed to prepare SMEs for the international market and subsequently enhance their level of global competitiveness,” YBhg said. said Datuk Mohd Mustafa Abdul Aziz.
The prestigious MIHAS awards returned this year. In addition to the participation of local companies, submissions from international companies were also accepted, including exhibitors from Kuwait, Indonesia, Thailand, South Africa, Palestine and the United Arab Emirates (UAE). ). The awards were presented to 15 winners in four categories that celebrate the spirit of innovation and creativity presented in the form of products, services, exhibition stand designs and social media platforms dedicated to promoting the halal economy.
MATRADE is encouraging more Malaysian businesses to seek the benefits of its far-reaching programs designed to boost exports. For more information on export promotions, exporter development programs and other export-related advice, please contact MATRADE offices, social media or visit www.matrade.gov.my.
Exhibitors interested in MIHAS 2023 can contact Mr. Yuhanis Abdul Latif at firstname.lastname@example.org or +6019-9606535 for more information and early bird promotions.
MIHAS 2022, organized by the Malaysia External Trade Development Corporation (MATRADE), under the patronage of the Ministry of International Trade and Industry, was physically held from September 7 to 10, 2022 at the Malaysia International Trade and Exhibition Center (MITEC ) in Kuala Lumpur and virtually on the MIHAS 2022 microsite. The last day of the showcase, September 10, was open to the public.
MIHAS is the number one business platform for the Halal industry. It brings together international visitors and traders on the same forum. MIHAS offers opportunities in global Halal markets; Food and Beverage, Pharmaceuticals, Cosmetics, Logistics, Muslim Friendly Tourism, Islamic Finance, E-Commerce, Education, Modest Fashion, Food Technology and Franchising. MIHAS is the first event that is not limited to the ASEAN region alone, but is also supported internationally by the enthusiastic participation of international pavilions from countries around the world.
A testament to its success in pivoting to neutralize the crippling impact of the pandemic, the 17th edition of MIHAS in 2021 won its inaugural World Trade Promotion Organization (WTPO) award in the category of “Best Use of IT Technology”. ‘information’ for its innovative approach in organizing a virtual showcase. Adding another feather to its hat, MIHAS 2021 was also honored at the Malaysia Public Relations Awards (MPRA) 2021, winning the Gold Award in the category of Best “Pandemic Pivot” or “COVID-19 Communications” Campaign.
About the Malaysian Foreign Trade Development Corporation (MATRADE)
MATRADE’s mission to promote Malaysian exports has enabled many local companies to carve new frontiers in global markets. Today, as we continue to spotlight competent Malaysian companies on the international stage, we are helping to make the phrase “Made-In-Malaysia” synonymous with excellence, dependability and dependability.