What is the price of natural lac per kilogram/pound in Myanmar today?
The retail price range for Myanmar natural lac is between US$ 7.37 and US$ 10.32 per kilogram or between US$ 3.34 and US$ 4.68 per pound(lb). Click here to see today's exact prices of natural lac in Myanmar
The retail price range in Kyat for natural lac is between MMK 15,678.19 and MMK 21,949.47 per kilogram or between MMK 7,110.29 and MMK 9,954.41 per pound(lb) in Naypyitaw and Yangon.
Wholesale prices
In 2024, the approximate wholesale price range for Myanmar natural lac is between US$ 5.16 and US$ 7.22 per kilogram or between US$ 2.34 and US$ 3.28 per pound(lb).
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Myanmar Natural Lac Export Prices - Historical, Trends and Prediction
The export price of Natural Lac from Myanmar has seen a significant fluctuation over the past five years. In 2014, the price per kilogram was 0.50 US dollars, which then increased to 1.00 US dollars in 2016. In 2017, the price rose to 3.33 US dollars, before dropping back to 0.50 US dollars in 2018. In 2019, the price rose again to 2.46 US dollars, and then decreased to 2.06 US dollars in 2020. The most recent data shows that the price per kilogram is 1.70 US dollars in 2021. Based on this trend, it is likely that the price of Natural Lac from Myanmar will remain around 1.70 US dollars in 2023 and 2024.Myanmar Natural Lac Import Prices - Historical, Trends and Prediction
The import price of Natural Lac into Myanmar has seen a significant fluctuation over the past five years. In 2014, the price was 0.50 US$ per kg, which dropped to 0.50 US$ per kg in 2018. However, in 2016, the price rose to 1.00 US$ per kg, and in 2017, it further increased to 3.33 US$ per kg. In 2019, the price dropped to 2.46 US$ per kg, and in 2020, it decreased further to 2.06 US$ per kg. The most recent data shows that the price of Natural Lac into Myanmar is 1.70 US$ per kg in 2021. Based on the data, it is predicted that the price of Natural Lac into Myanmar will remain relatively stable in the next two years. It is expected that the price will be 1.70 US$ per kg in 2023 and 1.75 US$ per kg in 2024.Export values for Myanmar natural lac
The total values in export for natural lac in Myanmar were US$ 2, US$ 40, US$ 1 and US$ 69 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 Myanmar: 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.
Myanmar natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Myanmar exported 28 tonnes of natural lac. Through 2019 alone, the demand for Myanmar natural lac (agro commodities category) has increased, with a change of 1300 % compared to the year 2018. Between 2017 and 2019, natural lac's exports grew by 133.33 pc netting the exporter US$0.07m for the year 2019. Myanmar's natural lac exports are categorised as:
- Natural lac (HS code 130110)
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
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Myanmar natural lac export values
In 2019, Myanmar sold natural lac costing 0.07m USD, a surge of 6,900.00% from 2018's total natural lac export of 0.001m USD. The yearly increase in value of Myanmar natural lac between 2017 to 2018 was -97.5%.
The annual/yearly variation in the amount of Myanmar's natural lac exports between 2017 and 2019 was 133.33 percent in comparison to a variation of 1300% in the period between 2018 and 2019.
Export markets for Myanmar natural lac ( in '000$ )
Myanmar imported 76 tonnes of natural lac in 2019.