What is the price of rum per kilogram/pound in Malaysia today?
The retail price range for Malaysia rum is between US$ 11.93 and US$ 18.88 per kilogram or between US$ 5.41 and US$ 8.56 per pound(lb). Click here to see today's exact prices of rum in Malaysia
The retail price range in Malaysian Ringgit for rum is between MYR 54.14 and MYR 85.66 per kilogram or between MYR 24.55 and MYR 38.85 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia rum is between US$ 8.35 and US$ 13.22 per kilogram or between US$ 3.79 and US$ 5.99 per pound(lb).
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Malaysia Rum Export Prices - Historical, Trends and Prediction
In the years 2015, 2016, 2017, 2018 and 2019, the export prices of Rum from Malaysia per Kg were US$ 0.18, US$ 0.28, US$ 0.36, US$ 0.64 and US$ 0.25 respectively. For the year 2021, the export price was US$ 0.35 per Kg. For the year 2023, the predicted export price is US$ 0.35 per Kg.Malaysia Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into Malaysia has seen a significant fluctuation over the past five years. In 2017, the price was 14.69 US dollars per kg, followed by a sharp increase to 32.38 US dollars per kg in 2018. This was followed by a decrease to 3.97 US dollars per kg in 2019 and then a moderate increase to 15.18 US dollars per kg in 2020. The price then rose to 16.95 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Rum into Malaysia will be around 18.00 US dollars per kg in 2023 and 19.00 US dollars per kg in 2024.Export values for Malaysia rum
The total values in export for rum in Malaysia were US$ 292, US$ 545, US$ 749 and US$ 1,263 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 rum in other countries across Asia: Kazakhstan rum, Kyrgyzstan rum, Tajikistan rum, Turkmenistan rum, Uzbekistan rum, China rum, Hong Kong rum, Macao rum, North Korea rum & Mongolia rum.
Malaysia rum - Production, Exports, Imports, Seasons and HS Codes
The quantity of rum shipped by Malaysia in 2020 was 17 metric tons. In 2019 Malaysia sold 104 tonnes of rum. Through 2019 alone, the interest in Malaysia rum (processed category) has gone up, flactuating by 166.667 percent compared to the year 2018. Between 2017 and 2019, rum's exports increased by 103.92 pc earning the nation US$1.26m for the year 2019. Malaysia's rum exports are categorised as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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Malaysia rum export values
In 2019, Malaysia sold rum with a value of 1.26m USD, a surge of 68.22% from 2018's total rum export of 0.749m USD. The yearly growth in value of Malaysia rum between 2017 to 2018 was 37.431%.
The annual/yearly variation in the quantity of Malaysia's rum exports between 2017 and 2019 was 103.92 pc in comparison to a variation of 166.667% in the period between 2018 and 2019.
Malaysia's share of the world's total rum's exports in 2019 was less than 1%. The country holds position 16 in world exports of rum.
Export markets for Malaysia rum ( in '000$ )
Malaysia ordered 294 tonnes of rum in 2019.