What is the price of cashew nuts per kilogram/pound in Malaysia today?
The retail price range for Malaysia cashew nuts is between US$ 4.14 and US$ 8.33 per kilogram or between US$ 1.88 and US$ 3.78 per pound(lb). Click here to see today's exact prices of cashew nuts in Malaysia
The retail price range in Malaysian Ringgit for cashew nuts is between MYR 18.77 and MYR 37.81 per kilogram or between MYR 8.51 and MYR 17.15 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia cashew nuts is between US$ 2.90 and US$ 5.83 per kilogram or between US$ 1.31 and US$ 2.65 per pound(lb).
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Malaysia Cashew Nuts Export Prices - Historical, Trends and Prediction
In 2016, 2017, 2018, 2019 and 2020 the export prices of Cashew Nuts from Malaysia per Kg were US$ 1.27, US$ 0.33, US$ 0.05, US$ 0.02 and US$ 0.14 respectively. For 2021, the export price was US$ 0.01 per Kg. For 2023, the predicted export price is US$ 0.09 per Kg.The Malaysia cashew nuts exports are categorised as:
- Fresh or dried cashew nuts, shelled (HS code 080132)
- Fresh or dried cashew nuts, in shell (HS code 080131)
Malaysia Cashew Nuts Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cashew Nuts into Malaysia over the last five years has been quite volatile. In 2016, the price was 33.30 US dollars per kg, followed by a sharp increase to 125.88 US dollars per kg in 2015. This was followed by a significant drop to 1.93 US dollars per kg in 2014. In 2017, the price dropped further to 2.39 US dollars per kg, and then to 1.03 US dollars per kg in 2018. The price then increased to 1.87 US dollars per kg in 2019, and then to 18.40 US dollars per kg in 2020. The most recent data shows that the price has dropped to 0.14 US dollars per kg in 2021. Based on the data, it is likely that the import price per kilogram of Cashew Nuts into Malaysia will remain relatively low in the next two years. We predict that the price will remain at 0.14 US dollars per kg in 2023, and then increase slightly to 0.20 US dollars per kg in 2024.Export values for Malaysia cashew nuts
The total values in export for cashew nuts in Malaysia were US$ 1,007, US$ 5,495, US$ 1,540 and US$ 188 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Malaysia: Coconuts, Brazil Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts, Kola Nuts & Areca (Betel) Nut.
See prices of cashew nuts in other countries across Asia: Kazakhstan cashew nuts, Kyrgyzstan cashew nuts, Tajikistan cashew nuts, Turkmenistan cashew nuts, Uzbekistan cashew nuts, China cashew nuts, Hong Kong cashew nuts, Macao cashew nuts, North Korea cashew nuts & Mongolia cashew nuts.
Malaysia cashew nuts - Production, Exports, Imports, Seasons and HS Codes
The quantity of cashew nuts shipped by Malaysia in 2020 was 40 tons. In 2019 Malaysia sold 45 tonnes of cashew nuts. Through 2019 alone, the interest in Malaysia cashew nuts (nuts category) has reduced, with a change of -75.41 percent compared to the year 2018. Between 2017 and 2019, cashew nuts' exports reduced by -93.02% bringing Malaysia US$0.19m for the year 2019. Malaysia's cashew nuts exports are categorised as:
- Fresh or dried cashew nuts, shelled (HS code 080132)
- Fresh or dried cashew nuts, in shell (HS code 080131)
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Malaysia cashew nuts export values
In 2019, Malaysia shipped cashew nuts valued at 0.19m USD, a contraction of -87.66% from 2018's total cashew nuts export of 1.54m USD. The yearly change in value of Malaysia cashew nuts between 2017 to 2018 was -71.975 percent.
The annual/yearly change in the volume of Malaysia's cashew nuts exports between 2017 and 2019 was -93.02% compared to a variation of -75.41% in the period between 2018 and 2019.
Malaysia's portion of the world's total cashew nuts' exports in 2019 was less than 1%. The country is ranked number 26 in world exports of cashew nuts.
Export markets for Malaysia cashew nuts ( in '000$ )
Malaysia's leading export markets for cashew nuts are Spain, Indonesia, Brunei Darussalam, Hong Kong and the Netherlands.
Import/Export Trends
Malaysia is a net importer of cashew nuts. The annual growth of Malaysia cashew nuts in value between 2015 to 2019 was -11%, per annum, while annual growth in quantity for the same period was -25%, per annum.
Malaysia procured 2,624 tonnes of cashew nuts in 2019.
Production
The production of cashew nuts in Malaysia was 33,384 tonnes in 2019 and is predicted to change by an average of 1.21%. The country had an estimated 15,078.00 hectares under cashew nuts cultivation.