What is the price of natural lac per kilogram/pound in US today?
The retail price range for US natural lac is between US$ 3.91 and US$ 4.89 per kilogram or between US$ 1.77 and US$ 2.22 per pound(lb). Click here to see today's exact prices of natural lac in US
The retail price range in Euro for natural lac is between EUR 3.59 and EUR 4.49 per kilogram or between EUR 1.63 and EUR 2.03 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US natural lac is between US$ 2.74 and US$ 3.42 per kilogram or between US$ 1.24 and US$ 1.55 per pound(lb).
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US Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from the US has seen a steady decline over the past five years. In 2017, the price was $3.76, and in 2021, it had dropped to $3.08. This represents a decrease of 18.3%. The average price for the five-year period was $3.45. Looking ahead, we can predict that the export price per kilogram of Natural Lac from the US will continue to decrease, with an estimated price of $2.81 in 2023 and $2.68 in 2024.US Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into the US has seen a steady decline over the past five years. In 2012, the price was 6.36 US dollars per kg, and by 2021, it had dropped to 3.08 US dollars per kg. This represents a decrease of 51.6% over the period. The largest drop in price occurred between 2014 and 2015, when the price fell from 4.38 US dollars per kg to 3.85 US dollars per kg, a decrease of 12.3%. The price has remained relatively stable since then, with only minor fluctuations. In 2020, the price was 3.18 US dollars per kg, and in 2021, it was 3.08 US dollars per kg. Based on this trend, it is likely that the price of Natural Lac will continue to decrease in the coming years. We can predict that the price in 2023 will be around 2.98 US dollars per kg, and in 2024, it will be around 2.88 US dollars per kg.Export values for US natural lac
The total values in export for natural lac in US were US$ 19,450, US$ 21,795, US$ 20,364 and US$ 20,363 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 US: 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 North America: Canada natural lac, US natural lac, Anguilla natural lac, Antigua and Barbuda natural lac, Bermuda natural lac, Bonaire, Sint Eustatius and Saba natural lac, St.Pierre and Miquelon natural lac, United States Minor Outlying Islands natural lac, Cayman Islands natural lac & Greenland natural lac.
US natural lac - Production, Exports, Imports, Seasons and HS Codes
The quantity of natural lac shipped by US in 2020 was 7,809 tonnes. In 2019 US exported 6,209 tonnes of natural lac. Across 2019 alone, the interest in US natural lac (agro commodities category) has reduced, recording a change of -4.58 pc compared to the year 2018. Between 2017 and 2019, natural lac's exports grew by 7.03 pc bringing US US$20.36m for the year 2019. US' natural lac exports are classified as:
- Natural lac (HS code 130110)
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
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US natural lac export values
In 2019, US exported natural lac worth 20.36m USD, a decrease of -0.02% from 2018's total natural lac export of 20.364m USD. The yearly change in value of US natural lac between 2017 to 2018 was -6.566 per cent.
The annual variation in the volume of US' natural lac exports between 2017 and 2019 was 7.03% when compared to a variation of -4.58% in the growth rate between 2018 and 2019.
US' portion of the world's total natural lac's exports in 2019 was 1.6 pc. The country holds position 11 in world exports of natural lac.
Export markets for US natural lac ( in '000$ )
Import/Export Trends
US is a net importer of natural lac. The annual growth of US natural lac in value between 2015 to 2019 was 114%, per annum, while annual growth in quantity during the same period was 197%, per annum.
US bought 4,036 tonnes of natural lac in 2019.