What is the price of chocolate per kilogram/pound in Malaysia today?
The retail price range for Malaysia chocolate is between US$ 3.50 and US$ 25.05 per kilogram or between US$ 1.59 and US$ 11.36 per pound(lb). Click here to see today's exact prices of chocolate in Malaysia
The retail price range in Malaysian Ringgit for chocolate is between MYR 15.90 and MYR 113.65 per kilogram or between MYR 7.21 and MYR 51.54 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia chocolate is between US$ 2.45 and US$ 17.53 per kilogram or between US$ 1.11 and US$ 7.95 per pound(lb).
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Malaysia Chocolate Export Prices - Historical, Trends and Prediction
In 2021, the export price of Chocolate from Malaysia was US$ 33.60 per Kg. In 2020, the export price was US$ 26.60 per Kg, in 2019 it was US$ 23.72 per Kg, in 2018 it was US$ 30.62 per Kg, and in 2017 it was US$ 31.09 per Kg. For 2023, the predicted export price of Chocolate from Malaysia is US$ 35.00 per Kg.The chocolate exports from Malaysia are categorised as:
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
Malaysia Chocolate Import Prices - Historical, Trends and Prediction
The import price per kilogram of Chocolate into Malaysia has seen a steady increase over the past five years. In 2017, the price was 5.43 US dollars per kg, and in 2021, it was 5.08 US dollars per kg. This indicates a slight decrease in the price of Chocolate over the past five years. However, the price of Chocolate in 2020 was 4.73 US dollars per kg, which is higher than the price in 2017. This suggests that the price of Chocolate is likely to increase in the coming years. Based on this trend, it is predicted that the price of Chocolate in 2023 will be 5.23 US dollars per kg and in 2024 will be 5.38 US dollars per kg.Export values for Malaysia chocolate
The total values in export for chocolate in Malaysia were US$ 144,480, US$ 202,074, US$ 255,673 and US$ 275,192 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 chocolate in other countries across Asia: Kazakhstan chocolate, Kyrgyzstan chocolate, Tajikistan chocolate, Turkmenistan chocolate, Uzbekistan chocolate, China chocolate, Hong Kong chocolate, Macao chocolate, North Korea chocolate & Mongolia chocolate.
Malaysia chocolate - Production, Exports, Imports, Seasons and HS Codes
The quantity of chocolate sold by Malaysia in 2020 was 55,313 metric tons. In 2019 Malaysia sold 63,954 tonnes of chocolate. Across 2019 alone, the market for Malaysia chocolate (processed category) has improved, flactuating by 19.822 percent compared to the year 2018. Between 2017 and 2019, chocolate's exports grew by 35.95 pc netting Malaysia US$275.19m for the year 2019. Malaysia's chocolate exports are categorised as:
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
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Malaysia chocolate export values
In 2019, Malaysia shipped chocolate worth 275.19m USD, an increment of 7.63% from 2018's total chocolate export of 255.673m USD. The yearly increase in value of Malaysia chocolate between 2017 to 2018 was 26.524 per cent.
The annual variation in the quantity of Malaysia's chocolate exports between 2017 and 2019 was 35.95% when compared to a variation of 19.822% in the growth rate between 2018 and 2019.
Export markets for Malaysia chocolate ( in '000$ )
Malaysia's leading destinations for chocolate are Japan, China, the Philippines, Indonesia and Singapore.
Malaysia procured 29,599 tonnes of chocolate in 2019.
Chocolate Buying Guide in Malaysia
Chocolate bars have astronomical prices in comparison with drinking chocolate or cocoa powder. A 200 g bar of chocolate, for instance, can cost up to 200 ringgit ($42.08).
Chocolate, on the other hand, is quite affordable in Malaysia. Low quality drinking chocolate starts at 16.83 ringgit ($3.54) per kg, while that of pure chocolate powder goes for approximately120 ringgit ($25.26) per kg.