What is the price of ginseng roots per kilogram/pound in Malaysia today?
The retail price range for Malaysia ginseng roots is between US$ 36.52 and US$ 68.00 per kilogram or between US$ 16.56 and US$ 30.84 per pound(lb). Click here to see today's exact prices of ginseng roots in Malaysia
The retail price range in Malaysian Ringgit for ginseng roots is between MYR 165.72 and MYR 308.54 per kilogram or between MYR 75.16 and MYR 139.93 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia ginseng roots is between US$ 25.57 and US$ 47.60 per kilogram or between US$ 11.59 and US$ 21.59 per pound(lb).
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Malaysia Ginseng Roots Export Prices - Historical, Trends and Prediction
In 2016, the export price of Ginseng roots from Malaysia was US$ 2.64 per Kg. In 2017, the export price was US$ 1.67 per Kg. In 2018, the export price was US$ 1.56 per Kg. In 2019, the export price was US$ 0.00 per Kg. In 2020, the export price was US$ 0.10 per Kg. For 2021, the export price is estimated to be US$ 0.01 per Kg. For 2023, the export price is predicted to be US$ 0.00 per Kg.Malaysia Ginseng Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Ginseng roots into Malaysia has seen a significant fluctuation over the past five years. In 2015, the price was at its highest at $159.14, before dropping to $7.75 in 2016. This was followed by a steady increase, with the price reaching $28.00 in 2017 and $46.33 in 2018. However, the price dropped to $0.00 in 2019. Based on this trend, it is likely that the import price per kilogram of Ginseng roots into Malaysia will increase in the next few years, with a predicted price of $60.00 in 2023 and $80.00 in 2024.Export values for Malaysia ginseng roots
The total values in export for ginseng roots in Malaysia were US$ 1,114, US$ 248, US$ 112 and US$ 139 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in Malaysia: Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Licorice roots, Chicory roots & Cocoyam.
See prices of ginseng roots in other countries across Asia: Kazakhstan ginseng roots, Kyrgyzstan ginseng roots, Tajikistan ginseng roots, Turkmenistan ginseng roots, Uzbekistan ginseng roots, China ginseng roots, Hong Kong ginseng roots, Macao ginseng roots, North Korea ginseng roots & Mongolia ginseng roots.
Malaysia ginseng roots - Production, Exports, Imports, Seasons and HS Codes
In 2019 Malaysia sold 2 tonnes of ginseng roots. For 2019 alone, the interest in Malaysia ginseng roots (tubers category) has shrunk, with a change of -33.333 per cent compared to the year 2018. Between 2017 and 2019, ginseng roots' exports reduced by -50 percent bringing the exporter US$0.14m for the year 2019. Malaysia's ginseng roots exports are categorised as:
- Ginseng roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121120)
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Malaysia ginseng roots export values
In 2019, Malaysia supplied ginseng roots with a value of 0.14m USD, an increment of 25.00% from 2018's total ginseng roots export of 0.112m USD. The yearly increase in value of Malaysia ginseng roots between 2017 to 2018 was -54.839 pc.
The per year change in the amount of Malaysia's ginseng roots exports between 2017 and 2019 was -50% in comparison to a variation of -33.333% in the period between 2018 and 2019.
Export markets for Malaysia ginseng roots ( in '000$ )
Malaysia procured 225 tonnes of ginseng roots in 2019.