What is the price of natural lac per kilogram/pound in Ethiopia today?
The retail price range for Ethiopia natural lac is between US$ 1.48 and US$ 2.47 per kilogram or between US$ 0.67 and US$ 1.12 per pound(lb). Click here to see today's exact prices of natural lac in Ethiopia
The retail price range in Ethiopian Birr for natural lac is between ETB 80.51 and ETB 134.18 per kilogram or between ETB 36.51 and ETB 60.85 per pound(lb) in Addis Ababa and Dire Dawa.
Wholesale prices
In 2024, the approximate wholesale price range for Ethiopia natural lac is between US$ 1.04 and US$ 1.73 per kilogram or between US$ 0.47 and US$ 0.79 per pound(lb).
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Ethiopia Natural Lac Export Prices - Historical, Trends and Prediction
The export price of Natural Lac from Ethiopia over the last five years has been quite varied. In 2017, the price per kilogram was 3.37 US dollars, which was the lowest in the five-year period. The price then increased to 3.8 US dollars in 2019, before reaching its highest point of 4.73 US dollars in 2021. The average price for the five-year period was 4.14 US dollars per kilogram. Based on this trend, it is likely that the export price of Natural Lac from Ethiopia will be around 4.90 US dollars per kilogram in 2023 and 5.07 US dollars per kilogram in 2024.Ethiopia Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Ethiopia over the last five years has been relatively stable. In 2016, the price was 3.90 US dollars per kg, followed by 3.37 US dollars per kg in 2017. In 2018, the price increased to 4.52 US dollars per kg, before dropping to 3.80 US dollars per kg in 2019. In 2020, the price rose again to 4.40 US dollars per kg, and in 2021 it reached 4.73 US dollars per kg. Based on this trend, it is likely that the price of Natural Lac in Ethiopia will continue to increase in the coming years. We can predict that the price in 2023 will be around 4.90 US dollars per kg, and in 2024 it will be around 5.10 US dollars per kg.Export values for Ethiopia natural lac
The total values in export for natural lac in Ethiopia were US$ 8,679, US$ 11,861, US$ 4,815 and US$ 5,741 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 Ethiopia: 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.
Ethiopia natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ethiopia shipped 1,472 tonnes of natural lac. In 2019 alone, the demand for Ethiopia natural lac (agro commodities category) has gone up, with a change of 40.996 % compared to the year 2018. Between 2017 and 2019, natural lac's exports reduced by -58.18 pc netting the nation US$5.74m for the year 2019. Ethiopia's natural lac exports are categorised as:
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
- Natural lac (HS code 130110)
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Ethiopia natural lac export values
In 2019, Ethiopia sold natural lac costing 5.74m USD, an increment of 19.21% from 2018's total natural lac export of 4.815m USD. The yearly increase in value of Ethiopia natural lac between 2017 to 2018 was -59.405 pc.
The annual/yearly change in the quantity of Ethiopia's natural lac exports between 2017 and 2019 was -58.18 pc in comparison to a variation of 40.996% in the period between 2018 and 2019.
Export markets for Ethiopia natural lac ( in '000$ )
Ethiopia bought 150 tonnes of natural lac in 2019.