What is the price of groundnuts (peanuts) per kilogram/pound in Malaysia today?
The retail price range for Malaysia groundnuts (peanuts) is between US$ 1.43 and US$ 2.38 per kilogram or between US$ 0.65 and US$ 1.08 per pound(lb). Click here to see today's exact prices of groundnuts (peanuts) in Malaysia
The retail price range in Malaysian Ringgit for groundnuts (peanuts) is between MYR 6.47 and MYR 10.78 per kilogram or between MYR 2.93 and MYR 4.89 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia groundnuts (peanuts) is between US$ 1.00 and US$ 1.66 per kilogram or between US$ 0.45 and US$ 0.75 per pound(lb).
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Malaysia Groundnuts (peanuts) Export Prices - Historical, Trends and Prediction
In 2016, the export price was 20.47 per Kg. In 2017, the export price was 0.40 per Kg. In 2018, the export price was 1.71 per Kg. In 2019, the export price was 2.55 per Kg. In 2020, the export price was 4.37 per Kg. For 2021, the export price was 4.88 per Kg. For 2023, the predicted export price is 6.50 per Kg.The Malaysia groundnuts (peanuts) exports are categorised as:
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
Malaysia Groundnuts (peanuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Groundnuts (Peanuts) into Malaysia over the last five years has been quite varied. In 2016, the price was 6.72 US dollars per kg, followed by a sharp drop to 0.09 US dollars per kg in 2017. In 2018, the price rose to 2.32 US dollars per kg, before dropping again to 0.94 US dollars per kg in 2019. The price then rose to 3.27 US dollars per kg in 2020 and 3.51 US dollars per kg in 2021. Based on this data, it is likely that the import price per kilogram of Groundnuts (Peanuts) into Malaysia in 2023 will be around 3.00 US dollars per kg, and in 2024 will be around 3.50 US dollars per kg.Export values for Malaysia groundnuts (peanuts)
The total values in export for groundnuts (peanuts) in Malaysia were US$ 1,418, US$ 8,206, US$ 714 and US$ 1,655 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Malaysia: Coconuts, Brazil Nuts, Cashew Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts & Kola Nuts.
See prices of groundnuts (peanuts) in other countries across Asia: Kazakhstan groundnuts (peanuts), Kyrgyzstan groundnuts (peanuts), Tajikistan groundnuts (peanuts), Turkmenistan groundnuts (peanuts), Uzbekistan groundnuts (peanuts), China groundnuts (peanuts), Hong Kong groundnuts (peanuts), Macao groundnuts (peanuts), North Korea groundnuts (peanuts) & Mongolia groundnuts (peanuts).
Malaysia groundnuts (peanuts) - Production, Exports, Imports, Seasons and HS Codes
The volume of groundnuts (peanuts) shipped by Malaysia in 2020 was 882 tons. In 2019 Malaysia sold 1,219 tonnes of groundnuts (peanuts). For 2019 alone, the interest in Malaysia groundnuts (peanuts) (nuts category) has improved, flactuating by 71.208 % compared to the year 2018. Between 2017 and 2019, groundnuts (peanuts)'s exports reduced by -84.85 percent netting the country US$1.66m for the year 2019. Malaysia's groundnuts (peanuts) exports are classified as:
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
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Malaysia groundnuts (peanuts) export values
In 2019, Malaysia exported groundnuts (peanuts) valued at 1.66m USD, an increment of 132.49% from 2018's total groundnuts (peanuts) export of 0.714m USD. The yearly increase in value of Malaysia groundnuts (peanuts) between 2017 to 2018 was -91.299 percent.
The per year change in the quantity of Malaysia's groundnuts (peanuts) exports between 2017 and 2019 was -84.85 per cent compared to a variation of 71.208% in the period between 2018 and 2019.
Malaysia's stake of the world's total groundnuts (peanuts)'s exports in 2019 was less than 1%. Malaysia is ranked number 28 in world exports of groundnuts (peanuts).
Export markets for Malaysia groundnuts (peanuts) ( in '000$ )
Malaysia's best performing destinations for groundnuts (peanuts) are Hong Kong, India, China, South Korea and Seychelles.
Import/Export Trends
Malaysia is a net importer of groundnuts (peanuts). The annual growth of Malaysia groundnuts (peanuts) in value between 2015 to 2019 was 286%, per year, while annual growth in quantity for the same period was %, per annum.
Malaysia imported 52,567 tonnes of groundnuts (peanuts) in 2019.