What is the price of sunflower oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia sunflower oil is between US$ 0.91 and US$ 1.56 per kilogram or between US$ 0.41 and US$ 0.71 per pound(lb). Click here to see today's exact prices of sunflower oil in Malaysia
The retail price range in Malaysian Ringgit for sunflower oil is between MYR 4.14 and MYR 7.08 per kilogram or between MYR 1.88 and MYR 3.21 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia sunflower oil is between US$ 0.64 and US$ 1.09 per kilogram or between US$ 0.29 and US$ 0.50 per pound(lb).
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Malaysia Sunflower Oil Export Prices - Historical, Trends and Prediction
In 2021, the export price of Sunflower Oil from Malaysia was US$ 0.02 per Kg. Assuming the trend continues, the export price for 2023 is likely to be around US$ 0.02 per Kg.The Malaysia sunflower oil exports are categorised as:
- Crude sunflower-seed or safflower oil (HS code 151211)
Malaysia Sunflower Oil Import Prices - Historical, Trends and Prediction
The import price of Sunflower Oil into Malaysia over the last five years has been quite volatile. In 2017, the price was 0.99 US$ per kg, which was the highest in the last five years. This was followed by a sharp decline in 2018, when the price dropped to 0.27 US$ per kg. In 2019, the price increased to 1.19 US$ per kg, before rising further to 1.49 US$ per kg in 2020. This year, the price has dropped to 0.43 US$ per kg. Looking ahead, we predict that the price of Sunflower Oil in Malaysia will remain relatively stable in 2023, at around 0.50 US$ per kg. In 2024, we expect the price to increase slightly to 0.60 US$ per kg.Export values for Malaysia sunflower oil
The total values in export for sunflower oil in Malaysia were US$ 11,061, US$ 9,204, US$ 10,713 and US$ 2,906 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 sunflower oil in other countries across Asia: Kazakhstan sunflower oil, Kyrgyzstan sunflower oil, Tajikistan sunflower oil, Turkmenistan sunflower oil, Uzbekistan sunflower oil, China sunflower oil, Hong Kong sunflower oil, Macao sunflower oil, North Korea sunflower oil & Mongolia sunflower oil.
Malaysia sunflower oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of sunflower oil sold by Malaysia in 2020 was 3,684 tonnes. In 2019 Malaysia exported 2,906 tonnes of sunflower oil. Through 2019 alone, the demand for Malaysia sunflower oil (processed category) has shrunk, changing by -72.882 % compared to the year 2018. Between 2017 and 2019, sunflower oil's exports went down by -73.28% earning the nation US$2.91m for the year 2019. Malaysia's sunflower oil exports are categorised as:
- Crude sunflower-seed or safflower oil (HS code 151211)
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Malaysia sunflower oil export values
In 2019, Malaysia exported sunflower oil with a value of 2.91m USD, a reduction of -72.84% from 2018's total sunflower oil export of 10.713m USD. The yearly change in value of Malaysia sunflower oil between 2017 to 2018 was 16.395%.
The per year variation in the volume of Malaysia's sunflower oil exports between 2017 and 2019 was -73.28 per cent compared to a variation of -72.882% in the period between 2018 and 2019.
Malaysia's stake of the world's total sunflower oil's exports in 2019 was less than 1%. The country is ranked position 62 in world exports of sunflower oil.
Export markets for Malaysia sunflower oil ( in '000$ )
Malaysia's top destinations for sunflower oil are Australia, Thailand, Singapore, Myanmar and the Philippines.
Import/Export Trends
Malaysia is a net importer of sunflower oil. The annual growth of Malaysia sunflower oil in value between 2015 to 2019 was -58%, per annum, while annual growth in quantity for the same period was -50%, per annum.
Malaysia purchased 79,710 tonnes of sunflower oil in 2019.