What is the price of agar per kilogram/pound in Malaysia today?
The retail price range for Malaysia agar is between US$ 4.11 and US$ 7.74 per kilogram or between US$ 1.87 and US$ 3.51 per pound(lb). Click here to see today's exact prices of agar in Malaysia
The retail price range in Malaysian Ringgit for agar is between MYR 18.66 and MYR 35.13 per kilogram or between MYR 8.46 and MYR 15.93 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia agar is between US$ 2.88 and US$ 5.42 per kilogram or between US$ 1.31 and US$ 2.46 per pound(lb).
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Malaysia Agar Export Prices - Historical, Trends and Prediction
In the years 2016, 2017, 2018, 2019 and 2020, the export price of Agar from Malaysia was US$ 0.60, US$ 0.50, US$ 0.21, US$ 0.50 and US$ 0.14 per Kg respectively. For 2021, the export price was US$ 0.24 per Kg. For 2023, the predicted export price of Agar from Malaysia is US$ 0.25 per Kg.Malaysia Agar Import Prices - Historical, Trends and Prediction
The import price per kilogram of Agar into Malaysia over the last five years has been quite varied. In 2017, the price was 4.72 US dollars per kg, followed by a sharp drop to 1.6 US dollars per kg in 2018. In 2019, the price rose to 19.75 US dollars per kg, before dropping to 0.83 US dollars per kg in 2020. 2021 saw a significant increase to 13.0 US dollars per kg, before dropping to 0.0 US dollars per kg in 2022. Based on this data, it is likely that the import price per kilogram of Agar into Malaysia will remain relatively low in 2023, with a predicted price of around 2.00 US dollars per kg. In 2024, the price is likely to increase slightly, with a predicted price of around 4.00 US dollars per kg.Export values for Malaysia agar
The total values in export for agar in Malaysia were US$ 194, US$ 101, US$ 85 and US$ 32 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Malaysia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of agar in other countries across Asia: Kazakhstan agar, Kyrgyzstan agar, Tajikistan agar, Turkmenistan agar, Uzbekistan agar, China agar, Hong Kong agar, Macao agar, North Korea agar & Mongolia agar.
Malaysia agar - Production, Exports, Imports, Seasons and HS Codes
The amount of agar shipped by Malaysia in 2020 was 29 tonnes. In 2019 Malaysia shipped 4 tonnes of agar. Across 2019 alone, the interest in Malaysia agar (processed category) has gone down, recording a change of -80 % compared to the year 2018. Between 2017 and 2019, agar's exports reduced by -77.78 pc netting Malaysia US$0.03m for the year 2019. Malaysia's agar exports are classified as:
- Agar-agar, whether or not modified (HS code 130231)
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Malaysia agar export values
In 2019, Malaysia sold agar costing 0.03m USD, a reduction of -64.71% from 2018's total agar export of 0.085m USD. The yearly reduction in value of Malaysia agar between 2017 to 2018 was -15.842 pc.
The annual/yearly variation in the amount of Malaysia's agar exports between 2017 and 2019 was -77.78 pc compared to a variation of -80% in the period between 2018 and 2019.
Malaysia's share of the world's total agar's exports in 2019 was less than 1%. Malaysia is ranked number 31 in world exports of agar.
Export markets for Malaysia agar ( in '000$ )
Import/Export Trends
Malaysia is a net exporter of agar. The annual growth of Malaysia agar in value between 2015 to 2019 was 60%, per year, while annual growth in quantity for the same period was 110%, per annum.
Malaysia imported 677 tonnes of agar in 2019.