What is the price of cocoa beans per kilogram/pound in Malaysia today?
The retail price range for Malaysia cocoa beans is between US$ 4.57 and US$ 5.88 per kilogram or between US$ 2.07 and US$ 2.67 per pound(lb). Click here to see today's exact prices of cocoa beans in Malaysia
The retail price range in Malaysian Ringgit for cocoa beans is between MYR 20.75 and MYR 26.68 per kilogram or between MYR 9.41 and MYR 12.10 per pound(lb) in Kuala Lumpur and George Town.
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Enquire NowWholesale prices
In 2024, the approximate wholesale price range for Malaysia cocoa beans is between US$ 3.20 and US$ 4.12 per kilogram or between US$ 1.45 and US$ 1.87 per pound(lb).
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Malaysia Cocoa Beans Export Prices - Historical, Trends and Prediction
In 2019, the export price of Cocoa Beans from Malaysia was US$2.34 per Kg. In 2020, the export price rose to US$2.54 per Kg. The 2021 price was US$2.68 per Kg, while the 2022 and 2023 prices were US$2.41 and 2.5 per Kg respectively. For the year 2024, the predicted export price of Cocoa Beans from Malaysia is US$ 2.8 per Kg.
The exports of cocoa beans from Malaysia are classified as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
Malaysia Cocoa Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cocoa Beans into Malaysia has seen a steady decline over the last five years. In 2017, the price was 2.44 US dollars per kg, followed by 1.67 US dollars per kg in 2018. In 2019, the price increased slightly to 2.19 US dollars per kg, before rising again to 2.93 US dollars per kg in 2020. The most recent data shows that the price has dropped to 2.51 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Cocoa Beans into Malaysia will continue to decrease in the coming years. We can predict that the price will be around 2.30 US dollars per kg in 2023 and 2.10 US dollars per kg in 2024.Export values for Malaysia cocoa beans
The total values in export for cocoa beans in Malaysia were US$ 277,142, US$ 314,655, US$ 353,822 and US$ 259,643 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 cocoa beans in other countries across Asia: Kazakhstan cocoa beans, Kyrgyzstan cocoa beans, Tajikistan cocoa beans, Turkmenistan cocoa beans, Uzbekistan cocoa beans, China cocoa beans, Hong Kong cocoa beans, Macao cocoa beans, North Korea cocoa beans & Mongolia cocoa beans.
Malaysia cocoa beans - Production, Exports, Imports, Seasons and HS Codes
The quantity of cocoa beans shipped by Malaysia in 2020 was 95,556 metric tons. In 2019 Malaysia exported 110,892 tonnes of cocoa beans. Through 2019 alone, the demand for Malaysia cocoa beans (processed category) has reduced, recording a change of -28.72 percent compared to the year 2018. Between 2017 and 2019, cocoa beans' exports went down by -23.68 pc earning Malaysia US$259.64m for the year 2019. Malaysia's cocoa beans exports are classified as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
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Malaysia cocoa beans export values
In 2019, Malaysia sold cocoa beans worth 259.64m USD, a drop of -26.62% from 2018's total cocoa beans export of 353.822m USD. The yearly reduction in value of Malaysia cocoa beans between 2017 to 2018 was 12.448%.
The per year change in the amount of Malaysia's cocoa beans exports between 2017 and 2019 was -23.68 pc compared to a variation of -28.72% in the period between 2018 and 2019.
Export markets for Malaysia cocoa beans ( in '000$ )
Malaysia's top export markets for cocoa beans are Singapore, Indonesia, Belgium, New Zealand and Estonia.
Malaysia ordered 351,493 tonnes of cocoa beans in 2019.
Production
The production of cocoa beans in Malaysia was 1,005 tonnes in 2019 and is projected to change by an average of -99.88%. The country had approximately 15,008.00 hectares under cocoa beans cultivation.
5-Year Farm Gate Prices Steadiness
Data by the government of Malaysia shows that between 2018 and 2022, Malaysia’s cocoa bean prices at the farm gate have been inching up steadily apart from a minimal dip in 2021.
In 2018, cocoa beans sold at 6,305 ringgit ($1,325.31) a tonne. Then the price peaked at 6,796 ringgit ($1,428.52) a tonne in 2019, before it reached a 5-year apex of 6,808 ringgit ($1,431.04) in 2020. The 2021 producer price declined slightly to 6,406 ringgit ($1,346.54) before a steady climb to 7,039 ringgit ($1,479.6) in 2022.
Producer prices for cocoa beans in Malaysia jumped to 26.53 ringgit ($5.58) per kg in April, 2024 in fellowship with biting global shortage. Retailers, in turn, can expect to sell the same beans with an industry profit of 8%, which means a peak price of $6.03 per kg. The farm gate price from January 2024 was 20.61 ringgits ($4.34) per kg worth a retail price of $4.69 per kg for traders still using that rate.
Cocoa Bean Grindings in Malaysia
In 2022, Malaysia had the 7th highest export value for cocoa beans and cocoa products worth $260 million, behind the Netherlands.
Cocoa production in Malaysia takes place in three key areas that include Sabah, Sarawak and the Peninsula. The total cultivation area in mid-2023 was 5,985 hectares, but the government planted 200 acres more acres later that year.
In June 2023, Sabah led in acreage with 3,444 hectares, while Sarawak came second with 1,454 hectares, against the Peninsula’s 1,087 hectares.
The trio of production regions accounted for the approximately 370,207 tonnes of cocoa bean grindings in the 2022-23 season. This was the southeast Asia country’s second highest grinding output apart from that of the 2021-22 season in 10 years.