What is the price of turmeric per kilogram/pound in Malaysia today?
The retail price range for Malaysia turmeric is between US$ 2.15 and US$ 2.15 per kilogram or between US$ 0.98 and US$ 0.98 per pound(lb). Click here to see today's exact prices of turmeric in Malaysia
The retail price range in Malaysian Ringgit for turmeric is between MYR 9.76 and MYR 9.76 per kilogram or between MYR 4.43 and MYR 4.43 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia turmeric is between US$ 1.51 and US$ 1.51 per kilogram or between US$ 0.68 and US$ 0.68 per pound(lb).
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Malaysia Turmeric Export Prices - Historical, Trends and Prediction
In the year 2015, the export price of Turmeric from Malaysia was US$ 0.49 per Kg. In 2016, the export price was US$ 0.39 per Kg. In 2017, the export price was US$ 0.33 per Kg. In 2018, the export price was US$ 0.47 per Kg. In 2019, the export price was US$ 0.66 per Kg. For the year 2021, the export price is estimated to be US$ 0.49 per Kg. For the year 2023, the export price is predicted to be US$ 0.50 per Kg.Malaysia Turmeric Import Prices - Historical, Trends and Prediction
The import price per kilogram of Turmeric into Malaysia has seen a fluctuating trend over the last five years. In 2016, the price was at its highest at $3.00, before dropping to $2.95 in 2017. The price then rose to $4.24 in 2018, before dropping to $3.73 in 2019 and then further to $2.45 in 2020. The most recent data shows that the price has dropped to $0.86 in 2021. Looking ahead, it is likely that the import price per kilogram of Turmeric into Malaysia will remain relatively stable in the next two years. We predict that the price will remain at $0.86 in 2022 and will increase slightly to $1.00 in 2023.Export values for Malaysia turmeric
The total values in export for turmeric in Malaysia were US$ 437, US$ 402, US$ 363 and US$ 593 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Malaysia: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Mace, Cardamom & Anise.
See prices of turmeric in other countries across Asia: Kazakhstan turmeric, Kyrgyzstan turmeric, Tajikistan turmeric, Turkmenistan turmeric, Uzbekistan turmeric, China turmeric, Hong Kong turmeric, Macao turmeric, North Korea turmeric & Mongolia turmeric.
Malaysia turmeric - Production, Exports, Imports, Seasons and HS Codes
The volume of turmeric shipped by Malaysia in 2020 was 359 tons. In 2019 Malaysia exported 240 tonnes of turmeric. For the year 2019 alone, the interest in Malaysia turmeric (herbs and spices category) has improved, changing by 71.429 percent compared to the year 2018. Between 2017 and 2019, turmeric's exports increased by 95.12 percent earning Malaysia US$0.59m for the year 2019. Malaysia's turmeric exports are categorised as:
- Turmeric "curcuma" (HS code 091030)
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Malaysia turmeric export values
In 2019, Malaysia sold turmeric with a value of 0.59m USD, an improvement of 62.53% from 2018's total turmeric export of 0.363m USD. The annual increase in value of Malaysia turmeric between 2017 to 2018 was -9.701 pc.
The annual/yearly variation in the volume of Malaysia's turmeric exports between 2017 and 2019 was 95.12% compared to a variation of 71.429% in the period between 2018 and 2019.
Malaysia's share of the world's total turmeric's exports in 2019 was less than 1%. The country holds position 26 in world exports of turmeric.
Export markets for Malaysia turmeric ( in '000$ )
Import/Export Trends
Malaysia is a net importer of turmeric. The annual growth of Malaysia turmeric in value between 2015 to 2019 was 281%, per annum, while annual growth in quantity through the same period was 74%, per annum.
Malaysia purchased 8,410 tonnes of turmeric in 2019.