What is the price of beeswax per kilogram/pound in Malaysia today?
The retail price range for Malaysia beeswax is between US$ 1.60 and US$ 6.07 per kilogram or between US$ 0.72 and US$ 2.75 per pound(lb). Click here to see today's exact prices of beeswax in Malaysia
The retail price range in Malaysian Ringgit for beeswax is between MYR 7.25 and MYR 27.53 per kilogram or between MYR 3.29 and MYR 12.49 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia beeswax is between US$ 1.12 and US$ 4.25 per kilogram or between US$ 0.51 and US$ 1.93 per pound(lb).
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Malaysia Beeswax Export Prices - Historical, Trends and Prediction
In 2016, 2017, 2018, 2019 and 2020 the export price of Beeswax from Malaysia was US$ 2.84, US$ 1.18, US$ 0.54, US$ 0.39 and US$ 0.01 per Kg respectively. For 2021 and 2022 the export price was US$ 0.06 and US$ 0.01 per Kg respectively. For 2023, the predicted export price of Beeswax from Malaysia is US$ 0.01 per Kg.The exports of beeswax from Malaysia are classified as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
Malaysia Beeswax Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beeswax into Malaysia over the last five years has seen a significant decrease. In 2011, the price was 5.74 US dollars per kg, but by 2020, it had dropped to 0.10 US dollars per kg. This is a decrease of 98.3%. The lowest price was in 2014, when the price was 0.28 US dollars per kg. Since then, the price has fluctuated, with a peak of 4.69 US dollars per kg in 2019. Based on this data, it is likely that the price of Beeswax in Malaysia will remain low in the next two years. We predict that the price in 2023 will be 0.10 US dollars per kg, and the price in 2024 will be 0.08 US dollars per kg.Export values for Malaysia beeswax
The total values in export for beeswax in Malaysia were US$ 1,716, US$ 495, US$ 198 and US$ 85 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 beeswax in other countries across Asia: Kazakhstan beeswax, Kyrgyzstan beeswax, Tajikistan beeswax, Turkmenistan beeswax, Uzbekistan beeswax, China beeswax, Hong Kong beeswax, Macao beeswax, North Korea beeswax & Mongolia beeswax.
Malaysia beeswax - Production, Exports, Imports, Seasons and HS Codes
The amount of beeswax shipped by Malaysia in 2020 was 20 metric tonnes. In 2019 Malaysia exported 13 tonnes of beeswax. For 2019 alone, the demand for Malaysia beeswax (processed category) has reduced, with a change of -81.944 % compared to the year 2018. Between 2017 and 2019, beeswax' exports decreased by -95.74% earning Malaysia US$0.08m for the year 2019. Malaysia's beeswax exports are classified as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
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Malaysia beeswax export values
In 2019, Malaysia exported beeswax valued at 0.08m USD, a drop of -59.60% from 2018's total beeswax export of 0.198m USD. The yearly reduction in value of Malaysia beeswax between 2017 to 2018 was -60 pc.
The annual/yearly variation in the volume of Malaysia's beeswax exports between 2017 and 2019 was -95.74 percent when compared to a variation of -81.944% in the growth rate between 2018 and 2019.
Malaysia's portion of the world's total beeswax' exports in 2019 was 4 percent. Malaysia holds position 6 in world exports of beeswax.
Export markets for Malaysia beeswax ( in '000$ )
Malaysia's leading export markets for beeswax are US, Australia, France, Lithuania and Italy.
Import/Export Trends
Malaysia is a net exporter of beeswax. The annual growth of Malaysia beeswax in value between 2015 to 2019 was 32%, per annum, while annual growth in quantity during the same period was 4%, per annum.
Malaysia brought in 21 tonnes of beeswax in 2019.