What is the price of natural lac per kilogram/pound in Nigeria today?
The retail price range for Nigeria natural lac is between US$ 19.27 and US$ 30.83 per kilogram or between US$ 8.74 and US$ 13.98 per pound(lb). Click here to see today's exact prices of natural lac in Nigeria
The retail price range in Naira for natural lac is between NGN 8,880.18 and NGN 14,208.29 per kilogram or between NGN 4,027.29 and NGN 6,443.67 per pound(lb) in Abuja and Lagos.
Wholesale prices
In 2024, the approximate wholesale price range for Nigeria natural lac is between US$ 13.49 and US$ 21.58 per kilogram or between US$ 6.12 and US$ 9.79 per pound(lb).
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Nigeria Natural Lac Export Prices - Historical, Trends and Prediction
The export price of Natural Lac from Nigeria has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price per kilogram of Natural Lac from Nigeria in 2022 was $3.05. Overall, the export price of Natural Lac from Nigeria has increased by 24.49% over the past five years. It is difficult to predict the prices for 2023 and 2024, however, it is likely that the export price will continue to increase in the coming years.Nigeria Natural Lac Import Prices - Historical, Trends and Prediction
The import price of Natural Lac into Nigeria has seen a steady increase over the past five years. In 2018, the import price per kilogram was $2.50, which increased to $2.90 in 2019. In 2020, the price rose to $3.20, and in 2021 it further increased to $3.50. The most recent data shows that the import price per kilogram of Natural Lac into Nigeria in 2022 was $3.80. Overall, the import price of Natural Lac into Nigeria has seen a steady increase of 30 cents per kilogram over the past five years. This trend is likely to continue in the coming years, and it is predicted that the import price per kilogram of Natural Lac into Nigeria in 2023 will be around $4.10, and in 2024 it will be around $4.40.Export values for Nigeria natural lac
Prices of other produce in the Agro Commodities category in Nigeria: 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.
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