What is the price of natural lac per kilogram/pound in Kenya today?
The retail price range for Kenya natural lac is between US$ 7.77 and US$ 11.65 per kilogram or between US$ 3.52 and US$ 5.28 per pound(lb). Click here to see today's exact prices of natural lac in Kenya
The retail price range in Kenyan Shilling for natural lac is between KES 1,078.56 and KES 1,617.83 per kilogram or between KES 489.14 and KES 733.71 per pound(lb) in Nairobi and Mombasa.
Wholesale prices
In 2024, the approximate wholesale price range for Kenya natural lac is between US$ 5.44 and US$ 8.15 per kilogram or between US$ 2.47 and US$ 3.70 per pound(lb).
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Kenya Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Kenya over the last five years has been quite varied. In 2017, the price was $1.02, followed by a slight increase to $1.23 in 2018. However, in 2019, the price skyrocketed to $3.61, and then further increased to $4.04 in 2020. This year, 2021, the price has dropped to $2.41. Looking ahead, it is likely that the price of Natural Lac from Kenya will remain relatively stable in the next two years, with an estimated price of around $2.50 in 2023 and $2.60 in 2024.Kenya Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Kenya has seen a significant fluctuation over the past five years. In 2016, the price was $1.00, followed by a slight increase to $1.02 in 2017. In 2018, the price rose to $1.23, before dropping to $0.49 in 2019. However, the price has seen a dramatic increase in the last two years, reaching $4.04 in 2020 and $2.41 in 2021. Looking ahead, it is likely that the import price per kilogram of Natural Lac into Kenya will remain relatively stable in the next two years. We predict that the price will be $2.41 in 2023 and $2.45 in 2024.Export values for Kenya natural lac
The total values in export for natural lac in Kenya were US$ 2,799, US$ 3,573, US$ 4,172 and US$ 9,393 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 Kenya: 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.
Kenya natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kenya exported 2,603 tonnes of natural lac. For 2019 alone, the interest in Kenya natural lac (agro commodities category) has decreased, flactuating by -23.531 per cent compared to the year 2018. Between 2017 and 2019, natural lac's exports went down by -25.9% netting the nation US$9.39m for the year 2019. Kenya's natural lac exports are categorised as:
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
- Natural lac (HS code 130110)
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Kenya natural lac export values
In 2019, Kenya exported natural lac with a value of 9.39m USD, an increment of 125.07% from 2018's total natural lac export of 4.172m USD. The annual growth in value of Kenya natural lac between 2017 to 2018 was 16.765%.
The annual/yearly variation in the amount of Kenya's natural lac exports between 2017 and 2019 was -25.9 pc when compared to a variation of -23.531% in the growth rate between 2018 and 2019.
Export markets for Kenya natural lac ( in '000$ )
Kenya purchased 95 tonnes of natural lac in 2019.