What is the price of natural lac per kilogram/pound in South Africa today?
The retail price range for South Africa natural lac is between US$ 2.96 and US$ 3.94 per kilogram or between US$ 1.34 and US$ 1.79 per pound(lb). Click here to see today's exact prices of natural lac in South Africa
The retail price range in Rand for natural lac is between ZAR 57.42 and ZAR 76.56 per kilogram or between ZAR 26.04 and ZAR 34.72 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa natural lac is between US$ 2.07 and US$ 2.76 per kilogram or between US$ 0.94 and US$ 1.25 per pound(lb).
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South Africa Natural Lac Export Prices - Historical, Trends and Prediction
In the years 2015, 2016, 2017, 2018 and 2019, the export price of Natural Lac from South Africa was US$ 0.89, US$ 1.22, US$ 1.41, US$ 1.53 and US$ 1.84 per Kg respectively. For the year 2021, the export price was US$ 2.02 per Kg. For the year 2023, the predicted export price of Natural Lac from South Africa is US$ 1.58 per Kg.
South Africa Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into South Africa has seen a steady decline over the past five years. In 2016, the price was 2.17 US dollars per kg, and by 2021, it had dropped to 1.28 US dollars per kg. This represents a decrease of 41.2% over the five-year period. The most significant drop in price occurred between 2018 and 2019, when the price fell from 1.41 US dollars per kg to 1.03 US dollars per kg, a decrease of 26.9%. The price has remained relatively stable since then, with only a slight increase of 2.9% between 2021 and 2022. Based on this trend, we can predict that the import price per kilogram of Natural Lac into South Africa will remain relatively stable in the next two years, with an estimated price of 1.31 US dollars per kg in 2023 and 1.32 US dollars per kg in 2024.Export values for South Africa natural lac
The total values in export for natural lac in South Africa were US$ 1,051, US$ 1,369, US$ 2,301 and US$ 2,206 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 South Africa: 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.
South Africa natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa sold 170,202 tonnes of natural lac. For 2019 alone, the interest in South Africa natural lac (agro commodities category) has increased, recording a change of 11.952 pc compared to the year 2018. Between 2017 and 2019, natural lac's exports went up by 21.23 percent bringing the nation US$2.21m for the year 2019. South Africa's natural lac exports are classified as:
- Natural lac (HS code 130110)
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
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South Africa natural lac export values
In 2019, South Africa shipped natural lac with a value of 2.21m USD, a drop of -3.95% from 2018's total natural lac export of 2.301m USD. The annual change in value of South Africa natural lac between 2017 to 2018 was 68.079 percent.
The annual/yearly variation in the amount of South Africa's natural lac exports between 2017 and 2019 was 21.23 pc compared to a variation of 11.952% in the period between 2018 and 2019.
South Africa's share of the world's total natural lac's exports in 2019 was less than 1%. The country holds position 34 in world exports of natural lac.
Export markets for South Africa natural lac ( in '000$ )
Import/Export Trends
South Africa is a net importer of natural lac. The annual growth of South Africa natural lac in value between 2015 to 2019 was 32%, per annum, while annual growth in quantity for the same period was %, per annum.
South Africa ordered 714 tonnes of natural lac in 2019.