What is the price of tallow fat per kilogram/pound in Malaysia today?
The retail price range for Malaysia tallow fat is between US$ 0.93 and US$ 1.13 per kilogram or between US$ 0.42 and US$ 0.51 per pound(lb). Click here to see today's exact prices of tallow fat in Malaysia
The retail price range in Malaysian Ringgit for tallow fat is between MYR 4.23 and MYR 5.12 per kilogram or between MYR 1.92 and MYR 2.32 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia tallow fat is between US$ 0.65 and US$ 0.79 per kilogram or between US$ 0.30 and US$ 0.36 per pound(lb).
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Malaysia Tallow Fat Export Prices - Historical, Trends and Prediction
In the years 2015, 2016, 2017, 2018 and 2019, the export prices of Tallow Fat from Malaysia per Kg were US$ 0.02, US$ 0.63, US$ 1.16, US$ 1.63 and US$ 12.64 respectively. For the year 2021, the export price was US$ 34.16 per Kg. It is difficult to predict the export price for the year 2023, as it is too far in the future.The tallow fat exports from Malaysia are classified as:
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
Malaysia Tallow Fat Import Prices - Historical, Trends and Prediction
The import price of Tallow Fat into Malaysia over the last five years has been quite volatile. In 2015, the price was at its highest at 21.12 US dollars per kilogram. This was followed by a sharp decline in 2016 to 8.71 US dollars per kilogram. The price then dropped further to 2.92 US dollars per kilogram in 2017 and 0.8 US dollars per kilogram in 2018. In 2019, the price rose slightly to 0.93 US dollars per kilogram and then dropped again to 0.86 US dollars per kilogram in 2020. This year, 2021, the price has increased to 3.22 US dollars per kilogram. Based on the data, it is likely that the price of Tallow Fat into Malaysia will remain relatively stable in the next two years, with a predicted price of 0.86 US dollars per kilogram in 2023 and 0.93 US dollars per kilogram in 2024.Export values for Malaysia tallow fat
The total values in export for tallow fat in Malaysia were US$ 338, US$ 9,547, US$ 19,250 and US$ 22,869 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Malaysia: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of tallow fat in other countries across Asia: Kazakhstan tallow fat, Kyrgyzstan tallow fat, Tajikistan tallow fat, Turkmenistan tallow fat, Uzbekistan tallow fat, China tallow fat, Hong Kong tallow fat, Macao tallow fat, North Korea tallow fat & Mongolia tallow fat.
Malaysia tallow fat - Production, Exports, Imports, Seasons and HS Codes
The amount of tallow fat exported by Malaysia in 2020 was 46,082 metric tons. In 2019 Malaysia exported 38,194 tonnes of tallow fat. Through 2019 alone, the market for Malaysia tallow fat (meat category) has gone up, changing by 33.991 percent compared to the year 2018. Between 2017 and 2019, tallow fat's exports went up by 478.7 percent bringing the country US$22.87m for the year 2019. Malaysia's tallow fat exports are classified as:
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
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Malaysia tallow fat export values
In 2019, Malaysia exported tallow fat valued at 22.87m USD, a growth of 18.81% from 2018's total tallow fat export of 19.25m USD. The yearly change in value of Malaysia tallow fat between 2017 to 2018 was 101.634 per cent.
The per year change in the amount of Malaysia's tallow fat exports between 2017 and 2019 was 478.7 percent compared to a variation of 33.991% in the period between 2018 and 2019.
Malaysia's portion of the world's total tallow fat's exports in 2019 was 1.5%. The country holds position 13 in world exports of tallow fat.
Export markets for Malaysia tallow fat ( in '000$ )
Malaysia's leading destinations for tallow fat are Singapore and New Zealand.
Import/Export Trends
Malaysia is a net importer of tallow fat. The annual growth of Malaysia tallow fat in value between 2015 to 2019 was 31%, per annum, while annual growth in quantity through the same period was 29%, per annum.
Malaysia ordered 26,352 tonnes of tallow fat in 2019.