What is the price of natural lac per kilogram/pound in Morocco today?
The retail price range for Morocco natural lac is between US$ 17.28 and US$ 27.64 per kilogram or between US$ 7.83 and US$ 12.54 per pound(lb). Click here to see today's exact prices of natural lac in Morocco
The retail price range in Moroccan Dirham for natural lac is between MAD 178.10 and MAD 284.96 per kilogram or between MAD 80.77 and MAD 129.24 per pound(lb) in Rabat and Casablanca.
Wholesale prices
In 2024, the approximate wholesale price range for Morocco natural lac is between US$ 12.09 and US$ 19.35 per kilogram or between US$ 5.48 and US$ 8.78 per pound(lb).
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Morocco Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Morocco has seen a steady increase over the last five years. In 2016, the price was 8.83 US dollars per kg, and in 2021, it was 4.96 US dollars per kg. The highest price was recorded in 2017, when it was 12.64 US dollars per kg. The lowest price was recorded in 2018, when it was 3.00 US dollars per kg. The price has been gradually increasing since then, with the latest price being 6.44 US dollars per kg in 2020. Based on this trend, it is predicted that the price of Natural Lac from Morocco will be 7.20 US dollars per kg in 2023 and 8.00 US dollars per kg in 2024.Morocco Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Morocco over the last five years has been quite volatile. In 2017, the price was at its highest at 12.64 US dollars per kg, before dropping to 3.00 US dollars per kg in 2018. Since then, the price has been gradually increasing, reaching 6.82 US dollars per kg in 2019 and 6.44 US dollars per kg in 2020. The most recent data shows that the price has dropped to 4.96 US dollars per kg in 2021. Based on this trend, it is likely that the price of Natural Lac will remain around the same level in 2023 and 2024, with a slight increase to around 5.00 US dollars per kg.Export values for Morocco natural lac
The total values in export for natural lac in Morocco were US$ 53, US$ 177, US$ 57 and US$ 75 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 Morocco: 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.
Morocco natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Morocco shipped 11 tonnes of natural lac. Across 2019 alone, the market for Morocco natural lac (agro commodities category) has shrunk, with a change of -42.105 per cent compared to the year 2018. Between 2017 and 2019, natural lac's exports decreased by -21.43 pc bringing Morocco US$0.08m for the year 2019. Morocco's natural lac exports are classified as:
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
- Natural lac (HS code 130110)
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Morocco natural lac export values
In 2019, Morocco supplied natural lac with a value of 0.08m USD, an improvement of 40.35% from 2018's total natural lac export of 0.057m USD. The yearly increase in value of Morocco natural lac between 2017 to 2018 was -67.797 pc.
The annual/yearly variation in the volume of Morocco's natural lac exports between 2017 and 2019 was -21.43 pc in comparison to a variation of -42.105% in the period between 2018 and 2019.
Morocco's share of the world's total natural lac's exports in 2019 was 5 per cent. Morocco holds position 9 in world exports of natural lac.
Export markets for Morocco natural lac ( in '000$ )
Import/Export Trends
Morocco is a net importer of natural lac. The annual growth of Morocco natural lac in value between 2015 to 2019 was -11%, per year, while annual growth in quantity was -11%, per annum.
Morocco imported 291 tonnes of natural lac in 2019.