What is the price of natural lac per kilogram/pound in Kuwait today?
The retail price range for Kuwait natural lac is between US$ 3.87 and US$ 5.32 per kilogram or between US$ 1.76 and US$ 2.41 per pound(lb). Click here to see today's exact prices of natural lac in Kuwait
The retail price range in Kuwaiti Dinar for natural lac is between KWD 1.19 and KWD 1.64 per kilogram or between KWD 0.54 and KWD 0.74 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait natural lac is between US$ 2.71 and US$ 3.73 per kilogram or between US$ 1.23 and US$ 1.69 per pound(lb).
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Kuwait Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Kuwait has seen a steady decline over the past five years. In 2012, the price was 3.80 US dollars per kg, and by 2021, it had dropped to 1.39 US dollars per kg. This represents a 63.7% decrease in price. In 2021, the price of Natural Lac increased to 6.00 US dollars per kg, a more than fourfold increase from the previous year. Based on this trend, it is likely that the price of Natural Lac will continue to increase in the coming years. We can predict that the price of Natural Lac in 2023 will be around 7.50 US dollars per kg and in 2024 it will be around 8.50 US dollars per kg.Kuwait Natural Lac Import Prices - Historical, Trends and Prediction
The import price of Natural Lac into Kuwait has seen a steady decline over the past five years. In 2017, the price per kilogram was $1.91, dropping to $1.39 in 2018. In 2019, the price increased to $2.50, before rising to $6.00 in 2021. This suggests that the price of Natural Lac is subject to fluctuations, with the overall trend being a decrease in price. Based on this trend, it is likely that the price of Natural Lac in 2023 will be around $3.50 and in 2024 around $2.00.Export values for Kuwait natural lac
The total values in export for natural lac in Kuwait were US$ 84, US$ 32 and US$ 5 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Prices of other produce in the Agro Commodities category in Kuwait: 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 Middle East: Bahrain natural lac, Cyprus natural lac, Iraq natural lac, Israel natural lac, Jordan natural lac, Kuwait natural lac, Lebanon natural lac, Palestine natural lac, Oman natural lac & Qatar natural lac.
Kuwait natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait exported 2 tonnes of natural lac. Across 2019 alone, the demand for Kuwait natural lac (agro commodities category) has gone down, flactuating by -91.304 % compared to the year 2018. Between 2017 and 2019, natural lac's exports reduced by -95.45 percent netting the exporter US$0.00m for the year 2019. Kuwait's natural lac exports are classified as:
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
- Natural lac (HS code 130110)
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Kuwait natural lac export values
In 2019, Kuwait shipped natural lac costing 0.00m USD, a decrease of -100.00% from 2018's total natural lac export of 0.032m USD. The yearly reduction in value of Kuwait natural lac between 2017 to 2018 was -61.905 percent.
The per year variation in the quantity of Kuwait's natural lac exports between 2017 and 2019 was -95.45 per cent when compared to a variation of -91.304% in the growth rate between 2018 and 2019.
Export markets for Kuwait natural lac ( in '000$ )
Kuwait brought in 118 tonnes of natural lac in 2019.