What is the price of peanut (groundnuts) per kilogram/pound in Malaysia today?
The retail price range for Malaysia peanut (groundnuts) is between US$ 1.93 and US$ 6.74 per kilogram or between US$ 0.87 and US$ 3.06 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in Malaysia
The retail price range in Malaysian Ringgit for peanut (groundnuts) is between MYR 8.74 and MYR 30.58 per kilogram or between MYR 3.96 and MYR 13.87 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia peanut (groundnuts) is between US$ 1.35 and US$ 4.72 per kilogram or between US$ 0.61 and US$ 2.14 per pound(lb).
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Malaysia Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
In 2021 the export price was US$ 1.34 per Kg. In 2022 the export price was US$ 1.22 per Kg. In 2023 the export price is predicted to be US$ 1.34 per Kg.The Malaysia peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
Malaysia Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Malaysia has seen a fluctuating trend over the last five years. In 2011, the price was 3.11 US dollars per kg, which increased to 4.06 US dollars per kg in 2012. However, the price dropped to 3.22 US dollars per kg in 2013 and remained at 3.23 US dollars per kg in 2014. In 2015, the price rose to 4.14 US dollars per kg, before dropping to 2.85 US dollars per kg in 2016. The price then increased to 3.2 US dollars per kg in 2017 and dropped to 2.69 US dollars per kg in 2018. In 2019, the price rose to 3.0 US dollars per kg and increased further to 3.2 US dollars per kg in 2020. The price then rose to 3.67 US dollars per kg in 2021, before dropping to 0.0 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Peanut (Groundnuts) into Malaysia will increase to 3.20 US dollars per kg in 2023 and 3.67 US dollars per kg in 2024.Export values for Malaysia peanut (groundnuts)
The total values in export for peanut (groundnuts) in Malaysia were US$ 8,691, US$ 7,419, US$ 7,057 and US$ 5,916 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts and Oil Seeds category in Malaysia: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Asia: Kazakhstan peanut (groundnuts), Kyrgyzstan peanut (groundnuts), Tajikistan peanut (groundnuts), Turkmenistan peanut (groundnuts), Uzbekistan peanut (groundnuts), China peanut (groundnuts), Hong Kong peanut (groundnuts), Macao peanut (groundnuts), North Korea peanut (groundnuts) & Mongolia peanut (groundnuts).
Malaysia peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
The amount of peanut (groundnuts) shipped by Malaysia in 2020 was 2,010 tons. In 2019 Malaysia sold 2,092 tonnes of peanut (groundnuts). In 2019 alone, the market for Malaysia peanut (groundnuts) (nuts and oil seeds category) has reduced, recording a change of -5.039 percent compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports decreased by -5.12 pc earning the country US$5.92m for the year 2019. Malaysia's peanut (groundnuts) exports are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Malaysia peanut (groundnuts) export values
In 2019, Malaysia exported peanut (groundnuts) costing 5.92m USD, a contraction of -16.11% from 2018's total peanut (groundnuts) export of 7.057m USD. The annual change in value of Malaysia peanut (groundnuts) between 2017 to 2018 was -4.879 pc.
The annual/yearly change in the volume of Malaysia's peanut (groundnuts) exports between 2017 and 2019 was -5.12 percent in comparison to a variation of -5.039% in the period between 2018 and 2019.
Malaysia's stake of the world's total peanut (groundnuts)'s exports in 2019 was less than 1%. Malaysia holds number 29 in world exports of peanut (groundnuts).
Export markets for Malaysia peanut (groundnuts) ( in '000$ )
Malaysia's leading destinations for peanut (groundnuts) are Singapore, China, Hong Kong, United Arab Emirates (UAE) and Indonesia.
Import/Export Trends
Malaysia is a net importer of peanut (groundnuts). The annual growth of Malaysia peanut (groundnuts) in value between 2015 to 2019 was -23%, per annum, while annual growth in quantity for the same period was -41%, per annum.
Malaysia purchased 7,387 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in Malaysia was 262 tonnes in 2019 and is forecast to change by an average of 47.19%. The country had approximately 87.00 hectares under peanut (groundnuts) cultivation.