What is the price of natural lac per kilogram/pound in Indonesia today?
The retail price range for Indonesia natural lac is between US$ 6.47 and US$ 11.95 per kilogram or between US$ 2.93 and US$ 5.42 per pound(lb). Click here to see today's exact prices of natural lac in Indonesia
The retail price range in Rupiah for natural lac is between IDR 107,778.00 and IDR 199,226.00 per kilogram or between IDR 48,878.91 and IDR 90,351.93 per pound(lb) in Jakarta and Surabaya.
Wholesale prices
In 2024, the approximate wholesale price range for Indonesia natural lac is between US$ 4.53 and US$ 8.37 per kilogram or between US$ 2.05 and US$ 3.79 per pound(lb).
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Indonesia Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Indonesia has seen a steady increase over the last five years. In 2017, the price was 0.98 US$ per kg, and in 2021 it had risen to 1.32 US$ per kg. The highest price was recorded in 2022, at 1.45 US$ per kg. In 2020, the price dropped slightly to 1.02 US$ per kg, before rising again in 2021. The most recent price in 2021 was 1.32 US$ per kg. Based on this trend, it is predicted that the export price per kilogram of Natural Lac from Indonesia will be 1.47 US$ per kg in 2023 and 1.51 US$ per kg in 2024.Indonesia Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Indonesia over the last five years has been relatively stable. In 2017, the price was 0.98 US$ per kg, followed by 1.04 US$ per kg in 2018. In 2019, the price dropped to 0.97 US$ per kg, before increasing to 1.02 US$ per kg in 2020. The highest price was recorded in 2021, at 1.32 US$ per kg, before dropping slightly to 1.45 US$ per kg in 2022. Based on this trend, it is likely that the price of Natural Lac in 2023 will be around 1.47 US$ per kg, and in 2024, the price is expected to be around 1.50 US$ per kg.Export values for Indonesia natural lac
The total values in export for natural lac in Indonesia were US$ 40,223, US$ 41,363, US$ 54,332 and US$ 48,140 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 Indonesia: 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 Asia: Kazakhstan natural lac, Kyrgyzstan natural lac, Tajikistan natural lac, Turkmenistan natural lac, Uzbekistan natural lac, China natural lac, Hong Kong natural lac, Macao natural lac, North Korea natural lac & Mongolia natural lac.
Indonesia natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Indonesia sold 49,483 tonnes of natural lac. For the year 2019 alone, the market for Indonesia natural lac (agro commodities category) has gone down, recording a change of -5.563 percent compared to the year 2018. Between 2017 and 2019, natural lac's exports went up by 17.26% earning the country US$48.14m for the year 2019. Indonesia's natural lac exports are classified as:
- Natural lac (HS code 130110)
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
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Indonesia natural lac export values
In 2019, Indonesia supplied natural lac costing 48.14m USD, a reduction of -11.40% from 2018's total natural lac export of 54.332m USD. The yearly change in value of Indonesia natural lac between 2017 to 2018 was 31.354 per cent.
The per year variation in the volume of Indonesia's natural lac exports between 2017 and 2019 was 17.26 per cent in comparison to a variation of -5.563% in the period between 2018 and 2019.
Indonesia's portion of the world's total natural lac's exports in 2019 was 6 percent. Indonesia holds position 7 in world exports of natural lac.
Export markets for Indonesia natural lac ( in '000$ )
Import/Export Trends
Indonesia is a net exporter of natural lac. The annual growth of Indonesia natural lac in value between 2015 to 2019 was -2%, per year, while annual growth in quantity was -14%, per annum.
Indonesia brought in 347 tonnes of natural lac in 2019.