What is the price of natural lac per kilogram/pound in Philippines today?
The retail price range for Philippines natural lac is between US$ 7.55 and US$ 13.51 per kilogram or between US$ 3.42 and US$ 6.13 per pound(lb). Click here to see today's exact prices of natural lac in Philippines
The retail price range in Philippine peso for natural lac is between PHP 419.94 and PHP 751.81 per kilogram or between PHP 190.45 and PHP 340.96 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines natural lac is between US$ 5.28 and US$ 9.46 per kilogram or between US$ 2.40 and US$ 4.29 per pound(lb).
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Philippines Natural Lac Export Prices - Historical, Trends and Prediction
The export price of Natural Lac from Philippines has seen a steady increase over the last five years. In 2016, the export price per kilogram was 2.02 US dollars, which increased to 2.36 US dollars in 2018. The highest price was recorded in 2021, at 3.22 US dollars per kilogram. This represents an increase of 63.2% from 2016. It is expected that the export price of Natural Lac from Philippines will continue to increase in the coming years, with an estimated price of 3.45 US dollars per kilogram in 2023 and 3.68 US dollars per kilogram in 2024.Philippines Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Philippines has seen a steady increase over the past five years. In 2017, the price was 2.00 US$ per kg, which increased to 2.36 US$ per kg in 2018. In 2019, the price rose to 2.66 US$ per kg and further increased to 2.99 US$ per kg in 2020. The latest data shows that the import price per kilogram of Natural Lac into Philippines was 3.22 US$ per kg in 2021. This indicates a steady increase in the import price of Natural Lac into Philippines over the past five years. Based on this trend, it is likely that the import price per kilogram of Natural Lac into Philippines will be around 3.45 US$ per kg in 2023 and 3.68 US$ per kg in 2024.Export values for Philippines natural lac
The total values in export for natural lac in the Philippines were US$ 1,246, US$ 985, US$ 1,121 and US$ 1,234 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 Philippines: 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.
Philippines natural lac - Production, Exports, Imports, Seasons and HS Codes
The volume of natural lac shipped by the Philippines in 2020 was 558 tonnes. In 2019 The Philippines sold 464 tonnes of natural lac. For 2019 alone, the interest in the Philippines natural lac (agro commodities category) has gone down, changing by -2.11 per cent compared to the year 2018. Between 2017 and 2019, natural lac's exports decreased by -5.88 pc bringing the nation US$1.23m for the year 2019. the Philippiness' natural lac exports are categorised as:
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
- Natural lac (HS code 130110)
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Philippines natural lac export values
In 2019, the Philippines supplied natural lac costing 1.23m USD, an increment of 9.72% from 2018's total natural lac export of 1.121m USD. The annual change in value of the Philippines natural lac between 2017 to 2018 was 13.807%.
The annual/yearly variation in the amount of the Philippiness' natural lac exports between 2017 and 2019 was -5.88 pc compared to a variation of -2.11% in the period between 2018 and 2019.
the Philippiness' stake of the world's total natural lac's exports in 2019 was less than 1%. the Philippines holds position 28 in world exports of natural lac.
Export markets for Philippines natural lac ( in '000$ )
the Philippines purchased 1,358 tonnes of natural lac in 2019.