What is the price of olive oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia olive oil is between US$ 1.94 and US$ 10.52 per kilogram or between US$ 0.88 and US$ 4.77 per pound(lb). Click here to see today's exact prices of olive oil in Malaysia
The retail price range in Malaysian Ringgit for olive oil is between MYR 8.80 and MYR 47.73 per kilogram or between MYR 3.99 and MYR 21.65 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia olive oil is between US$ 1.36 and US$ 7.36 per kilogram or between US$ 0.62 and US$ 3.34 per pound(lb).
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Malaysia Olive Oil Export Prices - Historical, Trends and Prediction
In 2016, the export price was 0.70 per Kg, in 2017 it was 1.12 per Kg, in 2018 it was 0.21 per Kg, in 2019 it was 0.63 per Kg, and in 2020 it was 0.02 per Kg. For 2021, the export price was 16.89 per Kg. For 2023, it is predicted that the export price will be 0.02 per Kg.The exports of olive oil from Malaysia are classified as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
Malaysia Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Malaysia has seen a significant fluctuation over the past five years. In 2016, the price was at its highest at 38.12 US dollars per kg, before dropping to 1.26 US dollars per kg in 2017. This was followed by a further decrease to 0.12 US dollars per kg in 2018. In 2019, the price rose to 1.67 US dollars per kg, before dropping to its lowest point of 0.06 US dollars per kg in 2020. This year, 2021, the price has skyrocketed to 345.29 US dollars per kg. Based on this trend, it is likely that the price of Olive Oil in Malaysia will remain relatively high in 2023 and 2024, with an estimated price of around 200 US dollars per kg in 2023 and around 150 US dollars per kg in 2024.Export values for Malaysia olive oil
The total values in export for olive oil in Malaysia were US$ 100, US$ 1,220, US$ 2,243 and US$ 398 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 olive oil in other countries across Asia: Kazakhstan olive oil, Kyrgyzstan olive oil, Tajikistan olive oil, Turkmenistan olive oil, Uzbekistan olive oil, China olive oil, Hong Kong olive oil, Macao olive oil, North Korea olive oil & Mongolia olive oil.
Malaysia olive oil - Production, Exports, Imports, Seasons and HS Codes
The amount of olive oil shipped by Malaysia in 2020 was 1,577 metric tons. In 2019 Malaysia shipped 722 tonnes of olive oil. Through 2019 alone, the market for Malaysia olive oil (processed category) has shrunk, recording a change of -78.396 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports decreased by -59.57 percent bringing the country US$0.40m for the year 2019. Malaysia's olive oil exports are categorised as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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Malaysia olive oil export values
In 2019, Malaysia shipped olive oil with a value of 0.40m USD, a drop of -82.17% from 2018's total olive oil export of 2.243m USD. The annual change in value of Malaysia olive oil between 2017 to 2018 was 83.852 pc.
The annual change in the amount of Malaysia's olive oil exports between 2017 and 2019 was -59.57 percent when compared to a variation of -78.396% in the growth rate between 2018 and 2019.
Malaysia's share of the world's total olive oil's exports in 2019 was less than 1%. Malaysia is ranked number 33 in world exports of olive oil.
Export markets for Malaysia olive oil ( in '000$ )
Malaysia's top destinations for olive oil are Singapore, Thailand, Myanmar, Italy and Indonesia.
Import/Export Trends
Malaysia is a net importer of olive oil. The annual growth of Malaysia olive oil in value between 2015 to 2019 was -19%, per annum, while annual growth in quantity during the same period was -10%, per annum.
Malaysia procured 2,895 tonnes of olive oil in 2019.