What is the price of seaweed per kilogram/pound in Malaysia today?
The retail price range for Malaysia seaweed is between US$ 2.22 and US$ 2.51 per kilogram or between US$ 1.01 and US$ 1.14 per pound(lb). Click here to see today's exact prices of seaweed in Malaysia
The retail price range in Malaysian Ringgit for seaweed is between MYR 10.06 and MYR 11.39 per kilogram or between MYR 4.56 and MYR 5.17 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia seaweed is between US$ 1.55 and US$ 1.76 per kilogram or between US$ 0.70 and US$ 0.80 per pound(lb).
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Malaysia Seaweed Export Prices - Historical, Trends and Prediction
In 2016, the export price was 1.57 US$ per Kg, in 2017 it was 1.18 US$ per Kg, in 2018 it was 1.75 US$ per Kg, in 2019 it was 1.61 US$ per Kg and in 2020 it was 1.01 US$ per Kg. For 2023, the predicted export price is 0.51 US$ per Kg.Malaysia Seaweed Import Prices - Historical, Trends and Prediction
The import price of Seaweed into Malaysia over the last five years has been quite varied. In 2017, the price was 0.96 US$ per kg, followed by a significant increase to 3.64 US$ per kg in 2018. This was followed by a decrease to 2.39 US$ per kg in 2019 and then a further decrease to 1.62 US$ per kg in 2020. The price then increased slightly to 1.46 US$ per kg in 2021. Overall, the import price of Seaweed into Malaysia has seen a slight decrease over the last five years. Based on this trend, it is predicted that the import price of Seaweed into Malaysia in 2023 will be 1.30 US$ per kg and in 2024 will be 1.14 US$ per kg.Export values for Malaysia seaweed
The total values in export for seaweed in Malaysia were US$ 1,784, US$ 2,917, US$ 2,562 and US$ 4,008 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Agro Commodities category in Malaysia: Eggs, Wood Ear, Jelly Fungi Tremella, Coffee Husks & Skins, Coca leaf, Poppy Straw, Ephedra, Sugar Beet, Sugarcane & Natural Lac.
See prices of seaweed in other countries across Asia: Kazakhstan seaweed, Kyrgyzstan seaweed, Tajikistan seaweed, Turkmenistan seaweed, Uzbekistan seaweed, China seaweed, Hong Kong seaweed, Macao seaweed, North Korea seaweed & Mongolia seaweed.
Malaysia seaweed - Production, Exports, Imports, Seasons and HS Codes
The amount of seaweed sold by Malaysia in 2020 was 1,574 metric tons. In 2019 Malaysia shipped 1,521 tonnes of seaweed. Across 2019 alone, the interest in Malaysia seaweed (agro commodities category) has improved, flactuating by 38.273 percent compared to the year 2018. Between 2017 and 2019, seaweed's exports reduced by -43.12 percent earning the nation US$4.01m for the year 2019. Malaysia's seaweed exports are categorised as:
- Seaweeds & other algae (HS code 1212Xa)
- Seaweeds and other algae, fresh, chilled, frozen or dried, whether or not ground (HS code 121220)
- Seaweeds and other algae, fresh, chilled, frozen or dried, whether or not ground, unfit for human consumption (HS code 121229)
- Seaweeds and other algae, fresh, chilled, frozen or dried, whether or not ground, fit for human consumption (HS code 121221)
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Malaysia seaweed export values
In 2019, Malaysia supplied seaweed worth 4.01m USD, a surge of 56.52% from 2018's total seaweed export of 2.562m USD. The yearly change in value of Malaysia seaweed between 2017 to 2018 was -12.17 per cent.
The annual change in the quantity of Malaysia's seaweed exports between 2017 and 2019 was -43.12 pc in comparison to a variation of 38.273% in the period between 2018 and 2019.
Export markets for Malaysia seaweed ( in '000$ )
Malaysia procured 698 tonnes of seaweed in 2019.