What is the price of natural lac per kilogram/pound in Egypt today?
The retail price range for Egypt natural lac is between US$ 2.67 and US$ 4.03 per kilogram or between US$ 1.21 and US$ 1.83 per pound(lb). Click here to see today's exact prices of natural lac in Egypt
The retail price range in Egyptian Pound for natural lac is between EGP 83.35 and EGP 125.78 per kilogram or between EGP 37.80 and EGP 57.04 per pound(lb) in Cairo and Alexandria.
Wholesale prices
In 2024, the approximate wholesale price range for Egypt natural lac is between US$ 1.87 and US$ 2.82 per kilogram or between US$ 0.85 and US$ 1.28 per pound(lb).
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Egypt Natural Lac Export Prices - Historical, Trends and Prediction
The export price of Natural Lac from Egypt has seen a significant fluctuation over the past five years. In 2010, the price per kilogram was 1.06 US dollars, which increased to 1.32 US dollars in 2011. However, in 2012, the price skyrocketed to 9.26 US dollars, before dropping to 1.92 US dollars in 2013. The price then decreased further to 0.95 US dollars in 2014. In 2020, the price rose again to 14.36 US dollars, and in 2021, it decreased slightly to 14.24 US dollars. Based on this data, it is likely that the export price of Natural Lac from Egypt will remain relatively stable in the next two years, with an estimated price of 14.24 US dollars in 2023 and 14.36 US dollars in 2024.Egypt Natural Lac Import Prices - Historical, Trends and Prediction
The import price of Natural Lac into Egypt has seen a significant fluctuation over the past five years. In 2010, the price was 1.06 US$ per kg, which increased to 1.32 US$ per kg in 2011. However, in 2012, the price skyrocketed to 9.26 US$ per kg, before dropping back to 1.92 US$ per kg in 2013. The price then decreased further to 0.95 US$ per kg in 2014. In 2020, the price rose again to 14.36 US$ per kg, and in 2021, it decreased slightly to 14.24 US$ per kg. Based on this data, it is predicted that the import price of Natural Lac into Egypt will remain relatively stable in the next two years, with a slight increase. It is estimated that the price will be around 14.50 US$ per kg in 2023, and 14.75 US$ per kg in 2024.Export values for Egypt natural lac
The total values in export for natural lac in Egypt were US$ 3,029, US$ 2,694, US$ 2,933 and US$ 2,324 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 Egypt: 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.
Egypt natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Egypt shipped 137 tonnes of natural lac. Through 2019 alone, the demand for Egypt natural lac (agro commodities category) has climbed, with a change of 63.095 % compared to the year 2018. Between 2017 and 2019, natural lac's exports grew by 73.42% bringing the country US$2.32m for the year 2019. Egypt's natural lac exports are categorised as:
- Natural lac (HS code 130110)
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
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Egypt natural lac export values
In 2019, Egypt sold natural lac valued at 2.32m USD, a drop of -20.90% from 2018's total natural lac export of 2.933m USD. The yearly reduction in value of Egypt natural lac between 2017 to 2018 was 8.872%.
The annual change in the amount of Egypt's natural lac exports between 2017 and 2019 was 73.42 per cent when compared to a variation of 63.095% in the growth rate between 2018 and 2019.
Egypt's stake of the world's total natural lac's exports in 2019 was less than 1%. The country is ranked position 30 in world exports of natural lac.
Export markets for Egypt natural lac ( in '000$ )
Import/Export Trends
Egypt is a net exporter of natural lac. The annual growth of Egypt natural lac in value between 2015 to 2019 was -43%, per year, while annual growth in quantity during the same period was -28%, per annum.
Egypt procured 0 tonnes of natural lac in 2019.