What is the price of natural lac per kilogram/pound in Eritrea today?
The retail price range for Eritrea natural lac is between US$ 4.28 and US$ 9.52 per kilogram or between US$ 1.94 and US$ 4.32 per pound(lb). Click here to see today's exact prices of natural lac in Eritrea
The retail price range in Nakfa for natural lac is between ERN 64.28 and ERN 142.84 per kilogram or between ERN 29.15 and ERN 64.78 per pound(lb) in Asmara and Mitsiwa.
Wholesale prices
In 2025, the approximate wholesale price range for Eritrea natural lac is between US$ 3.00 and US$ 6.67 per kilogram or between US$ 1.36 and US$ 3.02 per pound(lb).
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Eritrea Natural Lac Export Prices - Historical, Trends and Prediction
The export price of Natural Lac from Eritrea has seen a significant fluctuation over the past five years. In 2012, the price per kilogram was 0.94 US dollars. This increased to 1.74 US dollars in 2013, before dropping to 1.41 US dollars in 2014. In 2015, the price decreased further to 1.00 US dollars. However, in 2017, the price rose to 4.00 US dollars, before dropping again to 0.82 US dollars in 2018. The price then increased to 4.25 US dollars in 2019, and further to 5.50 US dollars in 2021. Based on this trend, it is predicted that the export price of Natural Lac from Eritrea will be 6.25 US dollars in 2023 and 6.75 US dollars in 2024.Eritrea Natural Lac Import Prices - Historical, Trends and Prediction
The import price of Natural Lac into Eritrea has seen a significant fluctuation over the past five years. In 2015, the price per kilogram was $1.00, which dropped to $0.82 in 2018. However, in 2017 and 2019, the price rose to $4.00 and $4.25 respectively. The highest price was recorded in 2021, when the price per kilogram was $5.50. Based on this trend, it is likely that the price of Natural Lac in Eritrea will continue to increase in the coming years. We can predict that the price in 2023 will be around $6.00 and in 2024 it will be around $6.50.Export values for Eritrea natural lac
The total values in export for natural lac in Eritrea were US$ 17, US$ 8, US$ 51 and US$ 17 in US dollar thousand for the years 2015, 2017, 2018 and 2019 in that order.
Prices of other produce in the Agro Commodities category in Eritrea: 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 Africa: Algeria natural lac, Angola natural lac, Botswana natural lac, Burundi natural lac, Cameroon natural lac, Cape Verde natural lac, Central African Republic natural lac, Comoros natural lac, DRC Congo natural lac & Benin natural lac.
Eritrea natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Eritrea exported 4 tonnes of natural lac. For 2019 alone, the demand for Eritrea natural lac (agro commodities category) has decreased, changing by -93.548 pc compared to the year 2018. Between 2017 and 2019, natural lac's exports grew by 100 pc earning the nation US$0.02m for the year 2019. Eritrea's natural lac exports are categorised as:
- Natural lac (HS code 130110)
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
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Eritrea natural lac export values
In 2019, Eritrea sold natural lac costing 0.02m USD, a drop of -60.78% from 2018's total natural lac export of 0.051m USD. The annual reduction in value of Eritrea natural lac between 2017 to 2018 was 537.5 pc.
The yearly change in the volume of Eritrea's natural lac exports between 2017 and 2019 was 100 pc when compared to a variation of -93.548% in the growth rate between 2018 and 2019.
Export markets for Eritrea natural lac ( in '000$ )
Eritrea bought 0 tonnes of natural lac in 2019.