What is the price of soya sauce per kilogram/pound in Malaysia today?
The retail price range for Malaysia soya sauce is between US$ 1.13 and US$ 1.35 per kilogram or between US$ 0.51 and US$ 0.61 per pound(lb). Click here to see today's exact prices of soya sauce in Malaysia
The retail price range in Malaysian Ringgit for soya sauce is between MYR 5.11 and MYR 6.10 per kilogram or between MYR 2.32 and MYR 2.77 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia soya sauce is between US$ 0.79 and US$ 0.94 per kilogram or between US$ 0.36 and US$ 0.43 per pound(lb).
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Malaysia Soya Sauce Export Prices - Historical, Trends and Prediction
In the years 2011 to 2021, the export prices of Soya Sauce per Kg from Malaysia were US$ 6.71, US$ 6.78, US$ 7.93, US$ 6.79, US$ 7.52, US$ 8.37, US$ 7.90, US$ 6.71, US$ 6.16, US$ 5.81 and US$ 6.55 respectively. In 2021 the export price was US$ 6.55 per Kg. For the year 2023, the predicted export price is US$ 6.55 per Kg.The Malaysia soya sauce exports are classified as:
- Soya sauce (HS code 210310)
Malaysia Soya Sauce Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soya Sauce into Malaysia has seen a fluctuating trend over the last five years. In 2017, the price was at its highest at $1.43, before dropping to its lowest in 2018 at $1.03. Since then, the price has been steadily increasing, reaching $1.65 in 2020. The most recent data shows that the import price per kilogram of Soya Sauce into Malaysia is $1.84. Based on this trend, it is predicted that the import price per kilogram of Soya Sauce into Malaysia will be $1.94 in 2023 and $2.04 in 2024.Export values for Malaysia soya sauce
The total values in export for soya sauce in Malaysia were US$ 18,894, US$ 22,862, US$ 23,656 and US$ 20,701 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 soya sauce in other countries across Asia: Kazakhstan soya sauce, Kyrgyzstan soya sauce, Tajikistan soya sauce, Turkmenistan soya sauce, Uzbekistan soya sauce, China soya sauce, Hong Kong soya sauce, Macao soya sauce, North Korea soya sauce & Mongolia soya sauce.
Malaysia soya sauce - Production, Exports, Imports, Seasons and HS Codes
The amount of soya sauce sold by Malaysia in 2020 was 12,922 tons. In 2019 Malaysia shipped 14,713 tonnes of soya sauce. For 2019 alone, the market for Malaysia soya sauce (processed category) has reduced, changing by -26.52 % compared to the year 2018. Between 2017 and 2019, soya sauce's exports reduced by -11.32 pc netting the exporter US$20.70m for the year 2019. Malaysia's soya sauce exports are categorised as:
- Soya sauce (HS code 210310)
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Malaysia soya sauce export values
In 2019, Malaysia supplied soya sauce worth 20.70m USD, a drop of -12.50% from 2018's total soya sauce export of 23.656m USD. The yearly reduction in value of Malaysia soya sauce between 2017 to 2018 was 3.473 pc.
The yearly change in the quantity of Malaysia's soya sauce exports between 2017 and 2019 was -11.32 pc compared to a variation of -26.52% in the period between 2018 and 2019.
Malaysia's stake of the world's total soya sauce's exports in 2019 was less than 1%. The country is ranked number 20 in world exports of soya sauce.
Export markets for Malaysia soya sauce ( in '000$ )
Malaysia's top destinations for soya sauce are Singapore, United Kingdom (UK), Australia, Brunei Darussalam and the Philippines.
Import/Export Trends
Malaysia is a net exporter of soya sauce. The annual growth of Malaysia soya sauce in value between 2015 to 2019 was -1%, per annum, while annual growth in quantity for the same period was -59%, per annum.
Malaysia bought 7,145 tonnes of soya sauce in 2019.