What is the price of nutmeg per kilogram/pound in Malaysia today?
The retail price range for Malaysia nutmeg is between US$ 9.15 and US$ 9.52 per kilogram or between US$ 4.15 and US$ 4.32 per pound(lb). Click here to see today's exact prices of nutmeg in Malaysia
The retail price range in Malaysian Ringgit for nutmeg is between MYR 41.53 and MYR 43.22 per kilogram or between MYR 18.83 and MYR 19.60 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia nutmeg is between US$ 6.41 and US$ 6.67 per kilogram or between US$ 2.91 and US$ 3.02 per pound(lb).
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Malaysia Nutmeg Export Prices - Historical, Trends and Prediction
In 2021, the export price of Nutmeg from Malaysia was US$ 10.11 per Kg. In 2020, the export price was US$ 6.04 per Kg. In 2019, the export price was US$ 6.87 per Kg. In 2018, the export price was US$ 7.92 per Kg. In 2017, the export price was US$ 8.22 per Kg. For 2023, the export price is predicted to be US$ 8.00 per Kg.The nutmeg exports from Malaysia are classified as:
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 090810)
- Nutmeg, neither crushed nor ground (HS code 090811)
Malaysia Nutmeg Import Prices - Historical, Trends and Prediction
The import price of Nutmeg into Malaysia over the last five years has been quite volatile. In 2017, the price was 9.48 US$ per kg, which was followed by a slight increase to 9.63 US$ per kg in 2018. However, in 2019, the price dropped to 9.31 US$ per kg. The price then increased to 10.62 US$ per kg in 2020 and further to 18.85 US$ per kg in 2021. The most recent data shows that the import price of Nutmeg into Malaysia is 0.00 US$ per kg in 2022. Looking ahead, it is difficult to predict the import price of Nutmeg into Malaysia for 2023 and 2024. However, based on the data from the last five years, it is likely that the import price will remain volatile.Export values for Malaysia nutmeg
The total values in export for nutmeg in Malaysia were US$ 809, US$ 1,090, US$ 853 and US$ 857 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Malaysia: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Mace, Cardamom, Anise & Coriander seeds.
See prices of nutmeg in other countries across Asia: Kazakhstan nutmeg, Kyrgyzstan nutmeg, Tajikistan nutmeg, Turkmenistan nutmeg, Uzbekistan nutmeg, China nutmeg, Hong Kong nutmeg, Macao nutmeg, North Korea nutmeg & Mongolia nutmeg.
Malaysia nutmeg - Production, Exports, Imports, Seasons and HS Codes
The volume of nutmeg shipped by Malaysia in 2020 was 74 metric tons. In 2019 Malaysia shipped 86 tonnes of nutmeg. In 2019 alone, the interest in Malaysia nutmeg (herbs and spices category) has gone down, recording a change of -3.371 pc compared to the year 2018. Between 2017 and 2019, nutmeg's exports decreased by -4.44 pc netting Malaysia US$0.86m for the year 2019. Malaysia's nutmeg exports are classified as:
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 090810)
- Nutmeg, neither crushed nor ground (HS code 090811)
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Malaysia nutmeg export values
In 2019, Malaysia supplied nutmeg costing 0.86m USD, an improvement of 0.82% from 2018's total nutmeg export of 0.853m USD. The yearly increase in value of Malaysia nutmeg between 2017 to 2018 was -21.743 percent.
The annual/yearly change in the amount of Malaysia's nutmeg exports between 2017 and 2019 was -4.44 pc in comparison to a variation of -3.371% in the period between 2018 and 2019.
Export markets for Malaysia nutmeg ( in '000$ )
Malaysia's best performing destinations for nutmeg are South Korea, South Africa, Singapore, Thailand and New Zealand.
Malaysia bought 198 tonnes of nutmeg in 2019.
Production
The production of nutmeg in Malaysia was 136 tonnes in 2019 and is projected to change by an average of -67.62%. The country had approximately 68.00 hectares under nutmeg cultivation.