What is the price of wool grease per kilogram/pound in Malaysia today?
The retail price range for Malaysia wool grease is between US$ 0.91 and US$ 1.19 per kilogram or between US$ 0.41 and US$ 0.54 per pound(lb). Click here to see today's exact prices of wool grease in Malaysia
The retail price range in Malaysian Ringgit for wool grease is between MYR 4.11 and MYR 5.41 per kilogram or between MYR 1.86 and MYR 2.45 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia wool grease is between US$ 0.63 and US$ 0.83 per kilogram or between US$ 0.29 and US$ 0.38 per pound(lb).
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Malaysia Wool Grease Export Prices - Historical, Trends and Prediction
In 2015, the export price of Wool Grease from Malaysia was US$2.25 per Kg. In 2016, the export price was US$1.34 per Kg. In 2017, the export price was US$0.90 per Kg. In 2018, the export price was US$0.77 per Kg. In 2019, the export price was US$0.41 per Kg. For the year 2023, the predicted export price of Wool Grease from Malaysia is US$0.30 per Kg.The wool grease exports from Malaysia are categorised as:
- Crude wool grease (HS code 150510)
- Wool grease and fatty substances derived therefrom incl. lanolin (excluding crude) (HS code 150590)
- Wool grease and fatty substances derived therefrom, incl. lanolin (HS code 150500)
Malaysia Wool Grease Import Prices - Historical, Trends and Prediction
The import price per kilogram of Wool Grease into Malaysia over the last five years has been relatively stable. In 2016, the price was $1.63, followed by $2.04 in 2017, $2.67 in 2018, $1.54 in 2019 and $0.56 in 2020. The highest price was recorded in 2012 at $133.50. The lowest price was in 2021 at $0.00. Overall, the import price of Wool Grease into Malaysia has been decreasing since 2016. Based on this trend, it is predicted that the import price of Wool Grease into Malaysia in 2023 will be around $1.00 and in 2024 will be around $0.50.Export values for Malaysia wool grease
The total values in export for wool grease in Malaysia were US$ 649, US$ 431, US$ 286 and US$ 232 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 wool grease in other countries across Asia: Kazakhstan wool grease, Kyrgyzstan wool grease, Tajikistan wool grease, Turkmenistan wool grease, Uzbekistan wool grease, China wool grease, Hong Kong wool grease, Macao wool grease, North Korea wool grease & Mongolia wool grease.
Malaysia wool grease - Production, Exports, Imports, Seasons and HS Codes
The volume of wool grease shipped by Malaysia in 2020 was 34 metric tons. In 2019 Malaysia shipped 71 tonnes of wool grease. For 2019 alone, the demand for Malaysia wool grease (processed category) has decreased, flactuating by -18.391 percent compared to the year 2018. Between 2017 and 2019, wool grease's exports reduced by -49.29 percent bringing the country US$0.23m for the year 2019. Malaysia's wool grease exports are classified as:
- Wool grease and fatty substances derived therefrom, incl. lanolin (HS code 150500)
- Wool grease and fatty substances derived therefrom incl. lanolin (excluding crude) (HS code 150590)
- Crude wool grease (HS code 150510)
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Malaysia wool grease export values
In 2019, Malaysia shipped wool grease valued at 0.23m USD, a contraction of -19.58% from 2018's total wool grease export of 0.286m USD. The annual reduction in value of Malaysia wool grease between 2017 to 2018 was -33.643 percent.
The yearly variation in the quantity of Malaysia's wool grease exports between 2017 and 2019 was -49.29 percent compared to a variation of -18.391% in the period between 2018 and 2019.
Malaysia's portion of the world's total wool grease's exports in 2019 was 1.8%. The country is ranked number 10 in world exports of wool grease.
Export markets for Malaysia wool grease ( in '000$ )
Malaysia's top export markets for wool grease are China, Germany, United Kingdom (UK), Japan and Egypt.
Import/Export Trends
Malaysia is a net exporter of wool grease. The annual growth of Malaysia wool grease in value between 2015 to 2019 was 13%, per year, while annual growth in quantity during the same period was 18%, per annum.
Malaysia bought 25 tonnes of wool grease in 2019.