What is the price of lobster per kilogram/pound in Malaysia today?
The retail price range for Malaysia lobster is between US$ 4.38 and US$ 5.54 per kilogram or between US$ 1.98 and US$ 2.51 per pound(lb). Click here to see today's exact prices of lobster in Malaysia
The retail price range in Malaysian Ringgit for lobster is between MYR 19.85 and MYR 25.14 per kilogram or between MYR 9.00 and MYR 11.40 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia lobster is between US$ 3.06 and US$ 3.88 per kilogram or between US$ 1.39 and US$ 1.76 per pound(lb).
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Malaysia Lobster Export Prices - Historical, Trends and Prediction
In 2016, the export price of Lobster from Malaysia was US$ 161.54 per Kg. In 2017, the export price was US$ 89.87 per Kg. In 2018, the export price was US$ 107.24 per Kg. In 2019, the export price was US$ 107.47 per Kg. In 2020, the export price was US$ 58.78 per Kg. For 2021, the export price is estimated to be US$ 21.70 per Kg. For 2023, the export price is predicted to be US$ 25.00 per Kg.Malaysia Lobster Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lobster into Malaysia over the last five years has seen a steady decline. In 2016, the price was at its highest at 2.71 US $ per kg, before dropping to 4.24 US $ per kg in 2017. This downward trend continued in 2018, when the price dropped to 5.31 US $ per kg, and further decreased to 6.09 US $ per kg in 2019. The most recent year, 2020, saw the price drop to 4.08 US $ per kg, and in 2021, the price dropped to 3.46 US $ per kg. Based on this trend, it is predicted that the import price per kilogram of Lobster into Malaysia in 2023 will be 2.92 US $ per kg, and in 2024, it will be 2.38 US $ per kg.Export values for Malaysia lobster
The total values in export for lobster in Malaysia were US$ 24,066, US$ 14,100, US$ 13,492 and US$ 15,766 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Malaysia: Sea Bass, Sea Bream, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of lobster in other countries across Asia: Kazakhstan lobster, Kyrgyzstan lobster, Tajikistan lobster, Turkmenistan lobster, Uzbekistan lobster, China lobster, Hong Kong lobster, Macao lobster, North Korea lobster & Mongolia lobster.
Malaysia lobster - Production, Exports, Imports, Seasons and HS Codes
The volume of lobster shipped by Malaysia in 2020 was 2,604 metric tons. In 2019 Malaysia shipped 2,742 tonnes of lobster. Across 2019 alone, the demand for Malaysia lobster (seafood category) has gone down, flactuating by -7.677 pc compared to the year 2018. Between 2017 and 2019, lobster's exports reduced by -13.91 pc earning the country US$15.77m for the year 2019. Malaysia's lobster exports are categorised as:
- Frozen lobsters "Homarus spp.", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030612)
- Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030625)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, live, fresh or chilled (HS code 030634)
- Lobsters "Homarus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030692)
- Frozen Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030615)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030694)
- Lobster (HS code 0306Xd)
- Lobster, prepared or preserved (excluding smoked) (HS code 160530)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030691)
- Lobsters "Homarus spp.", whether in shell or not, live, fresh or chilled (HS code 030632)
- Frozen rock lobster and other sea crawfish "Palinurus spp.", "Panulirus spp." and "Jasus spp.", even smoked, whether in shell or not, incl. rock lobster and other sea crawfish in shell, cooked by steaming or by boiling in water (HS code 030611)
- Lobsters "Homarus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030622)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030621)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, live, fresh or chilled (HS code 030631)
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Malaysia lobster export values
In 2019, Malaysia supplied lobster with a value of 15.77m USD, an increase of 16.88% from 2018's total lobster export of 13.492m USD. The annual increase in value of Malaysia lobster between 2017 to 2018 was -4.312 percent.
The per year change in the quantity of Malaysia's lobster exports between 2017 and 2019 was -13.91 pc in comparison to a variation of -7.677% in the period between 2018 and 2019.
Export markets for Malaysia lobster ( in '000$ )
Malaysia brought in 685 tonnes of lobster in 2019.