What is the price of ginseng roots per kilogram/pound in Lao (Laos) today?
The retail price range for Lao (Laos) ginseng roots is between US$ 4.88 and US$ 15.60 per kilogram or between US$ 2.21 and US$ 7.08 per pound(lb). Click here to see today's exact prices of ginseng roots in Lao (Laos)
The retail price range in Lao kip for ginseng roots is between LAK 97,520.00 and LAK 312,064.00 per kilogram or between LAK 44,226.76 and LAK 141,525.62 per pound(lb) in Vientiane and Pakse (Pakxe).
Wholesale prices
In 2024, the approximate wholesale price range for Lao (Laos) ginseng roots is between US$ 3.41 and US$ 10.92 per kilogram or between US$ 1.55 and US$ 4.95 per pound(lb).
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Lao (Laos) Ginseng Roots Export Prices - Historical, Trends and Prediction
The export price of ginseng roots from Lao has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price per kilogram of ginseng roots from Lao was $3.05 in 2022. This represents a 24.5% increase in the export price over the past five years. Based on this trend, it is likely that the export price of ginseng roots from Lao will continue to increase in the coming years, with an estimated price of $3.20 in 2023 and $3.35 in 2024.Lao (Laos) Ginseng Roots Import Prices - Historical, Trends and Prediction
The import price of Ginseng roots into Lao (Laos) has seen a steady increase over the past five years. In 2019, the import price per kilogram was $2.45, which was a slight increase from the previous year. In 2020, the import price per kilogram rose to $2.60, representing a 6.12% increase from the previous year. 2021 saw a further increase to $2.75, representing a 5.77% increase from the previous year. 2022 saw a slight decrease to $2.70, representing a 2.18% decrease from the previous year. Finally, in 2023, the import price per kilogram rose to $2.80, representing a 3.70% increase from the previous year. Overall, the import price of Ginseng roots into Lao (Laos) has seen a steady increase over the past five years. Based on this trend, it is likely that the import price per kilogram will continue to increase in the coming years. We can predict that the import price per kilogram in 2024 will be around $2.90, representing a 3.57% increase from the previous year.Export values for Lao (Laos) ginseng roots
Prices of other produce in the Tubers category in Lao (Laos): Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Licorice roots, Chicory roots & Cocoyam.
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