What is the price of natural lac per kilogram/pound in Australia today?
The retail price range for Australia natural lac is between US$ 11.76 and US$ 22.55 per kilogram or between US$ 5.34 and US$ 10.23 per pound(lb). Click here to see today's exact prices of natural lac in Australia
The retail price range in Australian Dollar for natural lac is between AUD 17.70 and AUD 33.92 per kilogram or between AUD 8.03 and AUD 15.38 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia natural lac is between US$ 8.24 and US$ 15.78 per kilogram or between US$ 3.73 and US$ 7.16 per pound(lb).
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Australia Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Australia has seen a significant fluctuation over the past five years. In 2017, the price was 9.98 US dollars per kg, followed by a sharp increase to 18.78 US dollars per kg in 2019. This was followed by a decrease to 8.45 US dollars per kg in 2020. The price then rose to 13.14 US dollars per kg in 2021 and dropped to 6.08 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Natural Lac from Australia will be around 8.45 US dollars per kg in 2023 and 6.08 US dollars per kg in 2024.Australia Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Australia over the last five years has been quite volatile. In 2017, the price was 9.98 US dollars per kg, which was followed by a sharp increase to 18.78 US dollars per kg in 2019. This was followed by a decrease to 8.45 US dollars per kg in 2020. The price then increased to 13.14 US dollars per kg in 2021 and decreased to 6.08 US dollars per kg in 2022. Based on the data, it is likely that the price of Natural Lac will remain relatively stable in the next two years. We predict that the price will remain at around 6.08 US dollars per kg in 2023 and increase slightly to around 7.00 US dollars per kg in 2024.Export values for Australia natural lac
The total values in export for natural lac in Australia were US$ 99, US$ 409, US$ 204 and US$ 1,221 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Agro Commodities category in Australia: Eggs, Wood Ear, Jelly Fungi Tremella, Coffee Husks & Skins, Coca leaf, Poppy Straw, Ephedra, Seaweed, Sugar Beet & Sugarcane.
See prices of natural lac in other countries across Oceania: Fiji natural lac, French Polynesia natural lac, Guam natural lac, Micronesia natural lac, New Caledonia natural lac, Papua New Guinea natural lac, Samoa natural lac, Solomon Islands natural lac, Tonga natural lac & Vanuatu natural lac.
Australia natural lac - Production, Exports, Imports, Seasons and HS Codes
The volume of natural lac exported by Australia in 2020 was 88 tonnes. In 2019 Australia shipped 65 tonnes of natural lac. For 2019 alone, the market for Australia natural lac (agro commodities category) has increased, recording a change of 150 percent compared to the year 2018. Between 2017 and 2019, natural lac's exports increased by 58.54 percent earning the nation US$1.22m for the year 2019. Australia's natural lac exports are classified as:
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
- Natural lac (HS code 130110)
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Australia natural lac export values
In 2019, Australia exported natural lac valued at 1.22m USD, an improvement of 498.04% from 2018's total natural lac export of 0.204m USD. The yearly increase in value of Australia natural lac between 2017 to 2018 was -50.122 per cent.
The per year variation in the volume of Australia's natural lac exports between 2017 and 2019 was 58.54 per cent compared to a variation of 150% in the period between 2018 and 2019.
Australia's share of the world's total natural lac's exports in 2019 was less than 1%. The country holds number 38 in world exports of natural lac.
Export markets for Australia natural lac ( in '000$ )
Import/Export Trends
Australia is a net importer of natural lac. The annual growth of Australia natural lac in value between 2015 to 2019 was -69%, per annum, while annual growth in quantity for the same period was %, per annum.
Australia procured 519 tonnes of natural lac in 2019.