What is the price of coconut oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia coconut oil is between US$ 0.81 and US$ 1.27 per kilogram or between US$ 0.37 and US$ 0.57 per pound(lb). Click here to see today's exact prices of coconut oil in Malaysia
The retail price range in Malaysian Ringgit for coconut oil is between MYR 3.70 and MYR 5.74 per kilogram or between MYR 1.68 and MYR 2.60 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia coconut oil is between US$ 0.57 and US$ 0.89 per kilogram or between US$ 0.26 and US$ 0.40 per pound(lb).
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Malaysia Coconut Oil Export Prices - Historical, Trends and Prediction
In 2016, the export price of Coconut oil from Malaysia was 24.31 US$ per Kg. In 2017, the export price was 17.98 US$ per Kg. In 2018, the export price was 21.53 US$ per Kg. In 2019, the export price was 22.28 US$ per Kg. In 2020, the export price was 33.92 US$ per Kg. For 2021, the export price is estimated to be 27.05 US$ per Kg. For 2023, the export price is predicted to be around 28.00 US$ per Kg.The exports of coconut oil from Malaysia are classified as:
- Crude coconut oil (HS code 151311)
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
Malaysia Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into Malaysia over the last five years has been relatively stable. In 2017, the price was 1.57 US dollars per kg, followed by 1.56 US dollars per kg in 2018. In 2019, the price dropped to 0.94 US dollars per kg, before increasing to 1.44 US dollars per kg in 2020. The price then decreased slightly to 1.37 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Coconut oil into Malaysia in 2023 will be 1.30 US dollars per kg, and in 2024 will be 1.23 US dollars per kg.Export values for Malaysia coconut oil
The total values in export for coconut oil in Malaysia were US$ 168,701, US$ 185,769, US$ 160,939 and US$ 190,334 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 coconut oil in other countries across Asia: Kazakhstan coconut oil, Kyrgyzstan coconut oil, Tajikistan coconut oil, Turkmenistan coconut oil, Uzbekistan coconut oil, China coconut oil, Hong Kong coconut oil, Macao coconut oil, North Korea coconut oil & Mongolia coconut oil.
Malaysia coconut oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of coconut oil exported by Malaysia in 2020 was 203,362 metric tonnes. In 2019 Malaysia shipped 223,077 tonnes of coconut oil. For 2019 alone, the interest in Malaysia coconut oil (processed category) has escalated, with a change of 82.979 pc compared to the year 2018. Between 2017 and 2019, coconut oil's exports grew by 117.14% earning the nation US$190.33m for the year 2019. Malaysia's coconut oil exports are categorised as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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Malaysia coconut oil export values
In 2019, Malaysia sold coconut oil costing 190.33m USD, an increment of 18.26% from 2018's total coconut oil export of 160.939m USD. The yearly change in value of Malaysia coconut oil between 2017 to 2018 was -13.366%.
The yearly variation in the quantity of Malaysia's coconut oil exports between 2017 and 2019 was 117.14 pc when compared to a variation of 82.979% in the growth rate between 2018 and 2019.
Malaysia's portion of the world's total coconut oil's exports in 2019 was 1.5%. Malaysia is ranked position 17 in world exports of coconut oil.
Export markets for Malaysia coconut oil ( in '000$ )
Malaysia's leading destinations for coconut oil are US, Italy, the Netherlands, China and Turkey.
Malaysia brought in 223,913 tonnes of coconut oil in 2019.