What is the price of essential oils per kilogram/pound in Malaysia today?
The retail price range for Malaysia essential oils is between US$ 5.03 and US$ 5.17 per kilogram or between US$ 2.28 and US$ 2.35 per pound(lb). Click here to see today's exact prices of essential oils in Malaysia
The retail price range in Malaysian Ringgit for essential oils is between MYR 22.81 and MYR 23.47 per kilogram or between MYR 10.34 and MYR 10.65 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia essential oils is between US$ 3.52 and US$ 3.62 per kilogram or between US$ 1.60 and US$ 1.64 per pound(lb).
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Malaysia Essential Oils Export Prices - Historical, Trends and Prediction
In the years 2015, 2016, 2017, 2018 and 2019, the export prices of Essential Oils from Malaysia per Kg were US$ 13.62, US$ 31.30, US$ 24.01, US$ 17.81 and US$ 22.60 respectively. For the year 2021, the export price was US$ 38.05 per Kg. It is difficult to predict the export price for the year 2023, as it is still two years away.The Malaysia essential oils exports are categorised as:
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
Malaysia Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into Malaysia over the last five years has been quite varied. In 2017, the price was at its lowest at 2.25 US dollars per kg, before increasing to 3.32 US dollars per kg in 2018. This was followed by a slight dip in 2019, when the price dropped to 6.48 US dollars per kg. However, the price rose again in 2020, reaching 7.36 US dollars per kg. The highest price was recorded in 2021, when the import price per kilogram was 14.3 US dollars per kg. The most recent data shows that the import price per kilogram of Essential Oils into Malaysia was 0.00 US dollars per kg in 2022. Based on the data, it is likely that the import price per kilogram of Essential Oils into Malaysia will remain relatively low in 2023, with a predicted price of around 4.00 US dollars per kg. This is followed by a slight increase in 2024, with a predicted price of around 6.00 US dollars per kg.Export values for Malaysia essential oils
The total values in export for essential oils in Malaysia were US$ 2,192, US$ 3,951, US$ 3,303 and US$ 2,132 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 essential oils in other countries across Asia: Kazakhstan essential oils, Kyrgyzstan essential oils, Tajikistan essential oils, Turkmenistan essential oils, Uzbekistan essential oils, China essential oils, Hong Kong essential oils, Macao essential oils, North Korea essential oils & Mongolia essential oils.
Malaysia essential oils - Production, Exports, Imports, Seasons and HS Codes
The amount of essential oils exported by Malaysia in 2020 was 449 tons. In 2019 Malaysia sold 403 tonnes of essential oils. Across 2019 alone, the demand for Malaysia essential oils (processed category) has shrunk, recording a change of -37.227 % compared to the year 2018. Between 2017 and 2019, essential oils' exports went down by -72.57 pc netting the country US$2.13m for the year 2019. Malaysia's essential oils exports are categorised as:
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
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Malaysia essential oils export values
In 2019, Malaysia supplied essential oils worth 2.13m USD, a drop of -35.51% from 2018's total essential oils export of 3.303m USD. The yearly reduction in value of Malaysia essential oils between 2017 to 2018 was -16.401 per cent.
The per year variation in the volume of Malaysia's essential oils exports between 2017 and 2019 was -72.57 per cent compared to a variation of -37.227% in the period between 2018 and 2019.
Malaysia's portion of the world's total essential oils' exports in 2019 was less than 1%. The country is ranked number 16 in world exports of essential oils.
Export markets for Malaysia essential oils ( in '000$ )
Malaysia's leading export markets for essential oils are Singapore, South Korea, France, Australia and United Kingdom (UK).
Import/Export Trends
Malaysia is a net importer of essential oils. The annual growth of Malaysia essential oils in value between 2015 to 2019 was 214%, per annum, while annual growth in quantity during the same period was 148%, per annum.
Malaysia brought in 3,004 tonnes of essential oils in 2019.