What is the price of linseed oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia linseed oil is between US$ 0.52 and US$ 1.44 per kilogram or between US$ 0.24 and US$ 0.65 per pound(lb). Click here to see today's exact prices of linseed oil in Malaysia
The retail price range in Malaysian Ringgit for linseed oil is between MYR 2.35 and MYR 6.54 per kilogram or between MYR 1.07 and MYR 2.97 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia linseed oil is between US$ 0.36 and US$ 1.01 per kilogram or between US$ 0.16 and US$ 0.46 per pound(lb).
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Malaysia Linseed Oil Export Prices - Historical, Trends and Prediction
In 2021 the export price was US$ 0.57 per Kg. In 2020 the export price was US$ 0.37 per Kg, in 2019 the export price was US$ 0.24 per Kg, in 2018 the export price was US$ 0.05 per Kg, and in 2017 the export price was US$ 0.30 per Kg. For 2023, the predicted export price is US$ 0.60 per Kg.The linseed oil exports from Malaysia are categorised as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
Malaysia Linseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Linseed Oil into Malaysia has seen a lot of fluctuation over the past five years. In 2017, the price was at its lowest at 0.43 US $ per kg, followed by a slight increase to 0.09 US $ per kg in 2018. However, in 2019, the price saw a significant jump to 6.75 US $ per kg, before dropping back down to 2.51 US $ per kg in 2020. The current price stands at 1.85 US $ per kg in 2021. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data, it is likely that the prices will remain relatively stable in the near future.Export values for Malaysia linseed oil
The total values in export for linseed oil in Malaysia were US$ 645, US$ 627, US$ 190 and US$ 33 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 linseed oil in other countries across Asia: Kazakhstan linseed oil, Kyrgyzstan linseed oil, Tajikistan linseed oil, Turkmenistan linseed oil, Uzbekistan linseed oil, China linseed oil, Hong Kong linseed oil, Macao linseed oil, North Korea linseed oil & Mongolia linseed oil.
Malaysia linseed oil - Production, Exports, Imports, Seasons and HS Codes
The amount of linseed oil sold by Malaysia in 2020 was 83 metric tonnes. In 2019 Malaysia sold 20 tonnes of linseed oil. For the year 2019 alone, the demand for Malaysia linseed oil (processed category) has gone down, with a change of -94.334 per cent compared to the year 2018. Between 2017 and 2019, linseed oil's exports went down by -95.53 percent bringing the nation US$0.03m for the year 2019. Malaysia's linseed oil exports are classified as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
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Malaysia linseed oil export values
In 2019, Malaysia supplied linseed oil worth 0.03m USD, a contraction of -84.21% from 2018's total linseed oil export of 0.19m USD. The yearly reduction in value of Malaysia linseed oil between 2017 to 2018 was -69.697 pc.
The annual/yearly change in the quantity of Malaysia's linseed oil exports between 2017 and 2019 was -95.53% compared to a variation of -94.334% in the period between 2018 and 2019.
Malaysia's portion of the world's total linseed oil's exports in 2019 was 1.4%. Malaysia holds number 8 in world exports of linseed oil.
Export markets for Malaysia linseed oil ( in '000$ )
Malaysia's top destinations for linseed oil are the Netherlands, China, United Kingdom (UK), Spain and Portugal.
Import/Export Trends
Malaysia is a net exporter of linseed oil. The annual growth of Malaysia linseed oil in value between 2015 to 2019 was 426%, per year, while annual growth in quantity for the same period was 506%, per annum.
Malaysia brought in 792 tonnes of linseed oil in 2019.