What is the price of natural lac per kilogram/pound in Oman today?
The retail price range for Oman natural lac is between US$ 4.87 and US$ 6.26 per kilogram or between US$ 2.21 and US$ 2.84 per pound(lb). Click here to see today's exact prices of natural lac in Oman
The retail price range in Rial Omani for natural lac is between OMR 1.88 and OMR 2.41 per kilogram or between OMR 0.85 and OMR 1.09 per pound(lb) in Muscat and Salalah.
Wholesale prices
In 2024, the approximate wholesale price range for Oman natural lac is between US$ 3.41 and US$ 4.38 per kilogram or between US$ 1.55 and US$ 1.99 per pound(lb).
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Oman Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Oman has seen a significant fluctuation over the last five years. In 2016, the price was 3.89 US$ per kg, which dropped to 0.44 US$ per kg in 2020. However, the price has been steadily increasing since then, reaching 2.31 US$ per kg in 2021. The highest price was recorded in 2018, when it reached 85.03 US$ per kg. It is likely that the price of Natural Lac from Oman will continue to increase in the coming years, with an estimated price of around 4.00 US$ per kg in 2023 and 5.00 US$ per kg in 2024.Oman Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Oman has seen a significant fluctuation over the past five years. In 2016, the price was 3.89 US dollars per kg, followed by a sharp increase to 34.92 US dollars per kg in 2017. This was followed by a further increase to 85.03 US dollars per kg in 2018. However, the price dropped drastically to 8.72 US dollars per kg in 2019 and further to 0.44 US dollars per kg in 2020. The price has since recovered to 2.31 US dollars per kg in 2021. Based on the data, it is likely that the price of Natural Lac into Oman will continue to increase in the coming years. We predict that the price will reach 4.50 US dollars per kg in 2023 and 6.00 US dollars per kg in 2024.Export values for Oman natural lac
The total values in export for natural lac in Oman were US$ 35, US$ 1,676, US$ 3,061 and US$ 387 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 Oman: 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.
Oman natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Oman exported 17 tonnes of natural lac. Across 2019 alone, the demand for Oman natural lac (agro commodities category) has decreased, recording a change of -52.778 per cent compared to the year 2018. Between 2017 and 2019, natural lac's exports went down by -64.58% earning Oman US$0.39m for the year 2019. Oman's natural lac exports are categorised as:
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
- Natural lac (HS code 130110)
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Oman natural lac export values
In 2019, Oman sold natural lac valued at 0.39m USD, a drop of -87.26% from 2018's total natural lac export of 3.061m USD. The yearly reduction in value of Oman natural lac between 2017 to 2018 was 82.637 pc.
The per year variation in the volume of Oman's natural lac exports between 2017 and 2019 was -64.58 pc compared to a variation of -52.778% in the period between 2018 and 2019.
Export markets for Oman natural lac ( in '000$ )
Oman brought in 62 tonnes of natural lac in 2019.