What is the price of beef per kilogram/pound in Malaysia today?
The retail price range for Malaysia beef is between US$ 2.26 and US$ 4.71 per kilogram or between US$ 1.03 and US$ 2.14 per pound(lb). Click here to see today's exact prices of beef in Malaysia
The retail price range in Malaysian Ringgit for beef is between MYR 10.26 and MYR 21.39 per kilogram or between MYR 4.65 and MYR 9.70 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia beef is between US$ 1.58 and US$ 3.30 per kilogram or between US$ 0.72 and US$ 1.50 per pound(lb).
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Malaysia Beef Export Prices - Historical, Trends and Prediction
In the years 2014, 2015, 2016, 2017 and 2018, the export prices of Beef from Malaysia per Kg were US$ 2.40, US$ 0.96, US$ 0.94, US$ 0.39 and US$ 0.68 respectively. For 2021, the export price was US$ 0.55 per Kg. It is difficult to predict the export price for 2023, as it is dependent on various factors.The beef exports from Malaysia are classified as:
- Frozen edible bovine livers (HS code 020622)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Frozen edible bovine tongues (HS code 020621)
- Frozen bovine carcases and half-carcases (HS code 020210)
Malaysia Beef Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beef into Malaysia over the last five years has seen a significant decrease. In 2016, the price was 3.62 US dollars per kg, and in 2017 it dropped to 2.46 US dollars per kg. This trend continued in 2018 and 2019, with the price falling to 2.39 and 1.56 US dollars per kg respectively. However, in 2020 the price rose to 5.24 US dollars per kg, before dropping again to 5.29 US dollars per kg in 2021. The most recent data shows that the import price per kilogram of Beef into Malaysia is 0.00 US dollars. Based on this trend, it is likely that the import price per kilogram of Beef into Malaysia in 2023 will be around 2.00 US dollars, and in 2024 it will be around 3.00 US dollars.Export values for Malaysia beef
The total values in export for beef in Malaysia were US$ 18,179, US$ 17,009, US$ 9,805 and US$ 4,731 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 beef in other countries across Asia: Kazakhstan beef, Kyrgyzstan beef, Tajikistan beef, Turkmenistan beef, Uzbekistan beef, China beef, Hong Kong beef, Macao beef, North Korea beef & Mongolia beef.
Malaysia beef - Production, Exports, Imports, Seasons and HS Codes
The volume of beef exported by Malaysia in 2020 was 1,041 tonnes. In 2019 Malaysia shipped 1,998 tonnes of beef. In 2019 alone, the demand for Malaysia beef (meat category) has surged, recording a change of 0.70564516 percent compared to the year 2018. Between 2017 and 2019, beef's exports reduced by -50 pc earning the nation US$4.73m for the year 2019. Malaysia's beef exports are categorised as:
- Frozen, boneless meat of bovine animals (HS code 020230)
- Frozen edible bovine livers (HS code 020622)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen edible bovine tongues (HS code 020621)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
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Malaysia beef export values
In 2019, Malaysia supplied beef costing 4.73m USD, a decrease of -51.76% from 2018's total beef export of 9.805m USD. The annual reduction in value of Malaysia beef between 2017 to 2018 was -42.354 pc.
The annual change in the volume of Malaysia's beef exports between 2017 and 2019 was -50 per cent compared to a variation of 0.70564516% in the period between 2018 and 2019.
Malaysia's stake of the world's total beef's exports in 2019 was less than 1%. The country holds number 28 in world exports of beef.
Export markets for Malaysia beef ( in '000$ )
Malaysia's leading destinations for beef are Singapore, Hong Kong, Pakistan, Turkey and Qatar.
Import/Export Trends
Malaysia is a net importer of beef. The annual growth of Malaysia beef in value between 2015 to 2019 was -33%, per year, while annual growth in quantity was -41%, per annum.
Malaysia purchased 158,668 tonnes of beef in 2019.