What is the price of natural lac per kilogram/pound in Madagascar today?
The retail price range for Madagascar natural lac is between US$ 0.07 and US$ 2.96 per kilogram or between US$ 0.03 and US$ 1.34 per pound(lb). Click here to see today's exact prices of natural lac in Madagascar
The retail price range in Malagasy Ariary for natural lac is between MGA 306.11 and MGA 13,119.03 per kilogram or between MGA 138.83 and MGA 5,949.67 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar natural lac is between US$ 0.05 and US$ 2.08 per kilogram or between US$ 0.02 and US$ 0.94 per pound(lb).
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Madagascar Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Madagascar has seen a steady decline over the past five years. In 2011, the price was 16.00 US dollars per kg, but by 2021, it had dropped to 0.61 US dollars per kg. The price has been relatively stable since then, with the latest figures for 2022 being 0.62 US dollars per kg. Looking ahead, it is likely that the export price of Natural Lac from Madagascar will remain around 0.60 US dollars per kg in 2023 and 2024.Madagascar Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Madagascar over the last five years has been relatively stable. In 2017, the price was 0.46 US$ per kg, followed by 0.44 US$ per kg in 2018 and 0.41 US$ per kg in 2019. In 2020, the price increased to 0.47 US$ per kg and further increased to 0.61 US$ per kg in 2021. The latest data shows that the price has reached 0.62 US$ per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Natural Lac into Madagascar will be 0.64 US$ per kg in 2023 and 0.66 US$ per kg in 2024.Export values for Madagascar natural lac
The total values in export for natural lac in Madagascar were US$ 1,672, US$ 1,973, US$ 2,134 and US$ 3,016 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 Madagascar: 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.
Madagascar natural lac - Production, Exports, Imports, Seasons and HS Codes
The amount of natural lac sold by Madagascar in 2020 was 4,453 tons. In 2019 Madagascar sold 7,286 tonnes of natural lac. For 2019 alone, the interest in Madagascar natural lac (agro commodities category) has gone up, recording a change of 51.413 percent compared to the year 2018. Between 2017 and 2019, natural lac's exports went up by 69.48 percent earning the nation US$3.02m for the year 2019. Madagascar's natural lac exports are categorised as:
- Natural lac (HS code 130110)
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
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Madagascar natural lac export values
In 2019, Madagascar shipped natural lac worth 3.02m USD, an increase of 41.52% from 2018's total natural lac export of 2.134m USD. The yearly increase in value of Madagascar natural lac between 2017 to 2018 was 8.16 per cent.
The annual/yearly change in the volume of Madagascar's natural lac exports between 2017 and 2019 was 69.48 pc in comparison to a variation of 51.413% in the period between 2018 and 2019.
Export markets for Madagascar natural lac ( in '000$ )
Madagascar ordered 4 tonnes of natural lac in 2019.