What is the price of licorice roots per kilogram/pound in Malaysia today?
The retail price range for Malaysia licorice roots is between US$ 4.95 and US$ 4.95 per kilogram or between US$ 2.24 and US$ 2.24 per pound(lb). Click here to see today's exact prices of licorice roots in Malaysia
The retail price range in Malaysian Ringgit for licorice roots is between MYR 22.45 and MYR 22.45 per kilogram or between MYR 10.18 and MYR 10.18 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia licorice roots is between US$ 3.46 and US$ 3.46 per kilogram or between US$ 1.57 and US$ 1.57 per pound(lb).
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Malaysia Licorice Roots Export Prices - Historical, Trends and Prediction
In 2016, the export price was 0.87 US$ per Kg. In 2017, the export price was 0.79 US$ per Kg. In 2018, the export price was 0.02 US$ per Kg. In 2019, the export price was 0.34 US$ per Kg. In 2020, the export price was 1.58 US$ per Kg. For 2023, the predicted export price is 4.37 US$ per Kg.Malaysia Licorice Roots Import Prices - Historical, Trends and Prediction
The import price of Licorice roots into Malaysia over the last five years has been quite varied. In 2017, the price was 42.71 US$ per kg, followed by a sharp drop to 0.75 US$ per kg in 2018. In 2019, the price rose to 53.00 US$ per kg, and then increased again to 122.00 US$ per kg in 2020. The most recent data shows that the price has dropped to 61.91 US$ per kg in 2021. Based on the data, it is likely that the price of Licorice roots will remain relatively stable in the next two years. We predict that the price in 2023 will be around 61.91 US$ per kg, and the price in 2024 will be around 53.00 US$ per kg.Export values for Malaysia licorice roots
The total values in export for licorice roots in Malaysia were US$ 252, US$ 260, US$ 299 and US$ 6 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), Ginseng roots, Chicory roots & Cocoyam.
See prices of licorice roots in other countries across Asia: Kazakhstan licorice roots, Kyrgyzstan licorice roots, Tajikistan licorice roots, Turkmenistan licorice roots, Uzbekistan licorice roots, China licorice roots, Hong Kong licorice roots, Macao licorice roots, North Korea licorice roots & Mongolia licorice roots.
Malaysia licorice roots - Production, Exports, Imports, Seasons and HS Codes
The quantity of licorice roots shipped by Malaysia in 2020 was 3 tons. In 2019 Malaysia exported 2 tonnes of licorice roots. In 2019 alone, the demand for Malaysia licorice roots (tubers category) has gone down, flactuating by -75 per cent compared to the year 2018. Between 2017 and 2019, licorice roots' exports reduced by -71.43% bringing the exporter US$0.01m for the year 2019. Malaysia's licorice roots exports are classified as:
- Extracts of liquorice (excluding that with a sucrose content by weight of > 10% or in the form of confectionery) (HS code 130212)
- Liquorice roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121110)
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Malaysia licorice roots export values
In 2019, Malaysia supplied licorice roots costing 0.01m USD, a decrease of -96.66% from 2018's total licorice roots export of 0.299m USD. The annual change in value of Malaysia licorice roots between 2017 to 2018 was 15 percent.
The per year change in the quantity of Malaysia's licorice roots exports between 2017 and 2019 was -71.43 percent in comparison to a variation of -75% in the period between 2018 and 2019.
Export markets for Malaysia licorice roots ( in '000$ )
Malaysia ordered 35 tonnes of licorice roots in 2019.