What is the price of peppermint oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia peppermint oil is between US$ 23.91 and US$ 33.47 per kilogram or between US$ 10.84 and US$ 15.18 per pound(lb). Click here to see today's exact prices of peppermint oil in Malaysia
The retail price range in Malaysian Ringgit for peppermint oil is between MYR 108.48 and MYR 151.87 per kilogram or between MYR 49.20 and MYR 68.88 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia peppermint oil is between US$ 16.74 and US$ 23.43 per kilogram or between US$ 7.59 and US$ 10.63 per pound(lb).
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Malaysia Peppermint Oil Export Prices - Historical, Trends and Prediction
In 2021 the export price was 3.54 US$ per Kg. In 2020 the export price was 1.58 US$ per Kg, in 2019 the export price was 2.30 US$ per Kg, in 2018 the export price was 1.37 US$ per Kg, and in 2017 the export price was 0.68 US$ per Kg. For 2023, the export price is predicted to be around 3.54 US$ per Kg.Malaysia Peppermint Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peppermint Oil into Malaysia over the last five years has been quite volatile. In 2016, the price was 0.33 US dollars per kg, before rising to 40.00 US dollars per kg in 2017. This was followed by a sharp decline to 19.25 US dollars per kg in 2018, before stabilizing at 18.62 US dollars per kg in 2019. In 2020, the price dropped to 10.45 US dollars per kg, before rising again to 19.00 US dollars per kg in 2021. The most recent data point shows that the price has dropped to 0.00 US dollars per kg in 2022. Based on the data, it is likely that the import price per kilogram of Peppermint Oil into Malaysia will remain relatively stable in the next two years. We predict that the price will remain at 0.00 US dollars per kg in 2023, before rising to around 10.00 US dollars per kg in 2024.Export values for Malaysia peppermint oil
The total values in export for peppermint oil in Malaysia were US$ 247, US$ 8, US$ 40 and US$ 77 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 peppermint oil in other countries across Asia: Kazakhstan peppermint oil, Kyrgyzstan peppermint oil, Tajikistan peppermint oil, Turkmenistan peppermint oil, Uzbekistan peppermint oil, China peppermint oil, Hong Kong peppermint oil, Macao peppermint oil, North Korea peppermint oil & Mongolia peppermint oil.
Malaysia peppermint oil - Production, Exports, Imports, Seasons and HS Codes
The amount of peppermint oil sold by Malaysia in 2020 was 11 metric tons. In 2019 Malaysia sold 8 tonnes of peppermint oil. Across 2019 alone, the demand for Malaysia peppermint oil (processed category) has improved, changing by 100 pc compared to the year 2018. Between 2017 and 2019, peppermint oil's exports grew by 700 pc netting the country US$0.08m for the year 2019. Malaysia's peppermint oil exports are classified as:
- Oils of peppermint "Mentha piperita", whether or not terpeneless, incl. concretes and absolutes (HS code 330124)
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Malaysia peppermint oil export values
In 2019, Malaysia supplied peppermint oil valued at 0.08m USD, an increase of 100.00% from 2018's total peppermint oil export of 0.04m USD. The yearly increase in value of Malaysia peppermint oil between 2017 to 2018 was 400 percent.
The annual/yearly variation in the volume of Malaysia's peppermint oil exports between 2017 and 2019 was 700 percent when compared to a variation of 100% in the growth rate between 2018 and 2019.
Malaysia's share of the world's total peppermint oil's exports in 2019 was less than 1%. Malaysia holds position 63 in world exports of peppermint oil.
Export markets for Malaysia peppermint oil ( in '000$ )
Import/Export Trends
Malaysia is a net importer of peppermint oil. The annual growth of Malaysia peppermint oil in value between 2015 to 2019 was -33%, per annum, while annual growth in quantity for the same period was -46%, per annum.
Malaysia bought 267 tonnes of peppermint oil in 2019.