What is the price of scallops per kilogram/pound in Malaysia today?
The retail price range for Malaysia scallops is between US$ 9.72 and US$ 12.64 per kilogram or between US$ 4.41 and US$ 5.73 per pound(lb). Click here to see today's exact prices of scallops in Malaysia
The retail price range in Malaysian Ringgit for scallops is between MYR 44.12 and MYR 57.37 per kilogram or between MYR 20.01 and MYR 26.02 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia scallops is between US$ 6.81 and US$ 8.85 per kilogram or between US$ 3.09 and US$ 4.01 per pound(lb).
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Malaysia Scallops Export Prices - Historical, Trends and Prediction
In the years 2014, 2015, 2016, 2017 and 2018, the export prices of Scallops from Malaysia per Kg were US$ 3.49, US$ 2.40, US$ 4.18, US$ 6.88 and US$ 4.90 respectively. For 2021, the export price was US$ 6.42 per Kg. For 2023, the predicted export price is expected to be US$ 6.42 per Kg.Malaysia Scallops Import Prices - Historical, Trends and Prediction
The import price per kilogram of Scallops into Malaysia over the last five years has been relatively stable. In 2016, the price was 8.95 US dollars per kg, followed by 5.93 US dollars per kg in 2017. In 2018, the price increased to 6.83 US dollars per kg, and then to 7.34 US dollars per kg in 2019. The price then rose to 7.75 US dollars per kg in 2020, and 8.87 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Scallops into Malaysia in 2023 will be 9.79 US dollars per kg, and 10.71 US dollars per kg in 2024.Export values for Malaysia scallops
The total values in export for scallops in Malaysia were US$ 834, US$ 1,020, US$ 1,144 and US$ 936 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Malaysia: Sea Bass, Sea Bream, Lobster, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of scallops in other countries across Asia: Kazakhstan scallops, Kyrgyzstan scallops, Tajikistan scallops, Turkmenistan scallops, Uzbekistan scallops, China scallops, Hong Kong scallops, Macao scallops, North Korea scallops & Mongolia scallops.
Malaysia scallops - Production, Exports, Imports, Seasons and HS Codes
The quantity of scallops sold by Malaysia in 2020 was 154 metric tonnes. In 2019 Malaysia shipped 115 tonnes of scallops. Through 2019 alone, the demand for Malaysia scallops (seafood category) has decreased, with a change of -16.058 % compared to the year 2018. Between 2017 and 2019, scallops' exports decreased by -40.41 percent earning the nation US$0.94m for the year 2019. Malaysia's scallops exports are categorised as:
- Scallops, incl. queen scallops, of the genera Pecten, Chlamys or Placopecten, frozen, even in shell (HS code 030722)
- Scallops, incl. queen scallops, of the genera Pecten, Chlamys or Placopecten, smoked, frozen, dried, salted or in brine, even in shell (HS code 030729)
- Scallops, incl. queen scallops, prepared or preserved (excluding smoked) (HS code 160552)
- Live, fresh or chilled, scallops, incl. queen scallops, of the genera Pecten, Chlamys or Placopecten, even in shell (HS code 030721)
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Malaysia scallops export values
In 2019, Malaysia exported scallops valued at 0.94m USD, a reduction of -17.83% from 2018's total scallops export of 1.144m USD. The yearly change in value of Malaysia scallops between 2017 to 2018 was 12.157 pc.
The per year variation in the volume of Malaysia's scallops exports between 2017 and 2019 was -40.41 percent in comparison to a variation of -16.058% in the period between 2018 and 2019.
Malaysia's share of the world's total scallops' exports in 2019 was less than 1%. The country holds number 30 in world exports of scallops.
Export markets for Malaysia scallops ( in '000$ )
Import/Export Trends
Malaysia is a net exporter of scallops. The annual growth of Malaysia scallops in value between 2015 to 2019 was 134%, per annum, while annual growth in quantity during the same period was 94%, per annum.
Malaysia purchased 1,868 tonnes of scallops in 2019.