What is the price of mace per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka mace is between US$ 18.69 and US$ 27.69 per kilogram or between US$ 8.48 and US$ 12.56 per pound(lb). Click here to see today's exact prices of mace in Sri Lanka
The retail price range in Sri Lanka Rupee for mace is between LKR 5,751.42 and LKR 8,520.62 per kilogram or between LKR 2,608.35 and LKR 3,864.22 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka mace is between US$ 13.08 and US$ 19.38 per kilogram or between US$ 5.93 and US$ 8.79 per pound(lb).
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Sri Lanka Mace Export Prices - Historical, Trends and Prediction
The export price of Mace from Sri Lanka over the last five years has seen a steady decline. In 2012, the price per kilogram was 23.99 US dollars, which dropped to 22.76 US dollars in 2013. This trend continued until 2015, when the price dropped to 12.22 US dollars. In 2016, the price rose slightly to 12.61 US dollars, before dropping again to 11.89 US dollars in 2017. In 2019, the price rose to 18.91 US dollars, before increasing again to 19.11 US dollars in 2020. The most recent data shows that the price per kilogram of Mace from Sri Lanka is 20.25 US dollars. Based on this data, it is likely that the price of Mace from Sri Lanka will remain around the 20 US dollar mark in 2023 and 2024.Sri Lanka Mace Import Prices - Historical, Trends and Prediction
The import price per kilogram of Mace into Sri Lanka over the last five years has been quite varied. In 2017, the price was 11.89 US dollars per kg, which was the lowest in the five year period. This was followed by a slight increase in 2018 to 18.91 US dollars per kg. In 2019, the price rose again to 19.11 US dollars per kg, and then to 20.25 US dollars per kg in 2021. This indicates that the import price of Mace into Sri Lanka has been steadily increasing over the last five years. Based on this trend, it is likely that the import price of Mace into Sri Lanka will continue to increase in the next two years, with an estimated price of 21.39 US dollars per kg in 2023 and 22.58 US dollars per kg in 2024.Export values for Sri Lanka mace
The total values in export for mace in Sri Lanka were US$ 2,459, US$ 4,175, US$ 3,726 and US$ 6,134 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Sri Lanka: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Cardamom, Anise & Coriander seeds.
See prices of mace in other countries across Asia: Kazakhstan mace, Kyrgyzstan mace, Tajikistan mace, Turkmenistan mace, Uzbekistan mace, China mace, Hong Kong mace, Macao mace, North Korea mace & Mongolia mace.
Sri Lanka mace - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka sold 362 tonnes of mace. Through 2019 alone, the market for Sri Lanka mace (herbs and spices category) has escalated, with a change of 32.601 pc compared to the year 2018. Between 2017 and 2019, mace's exports increased by 3.13 pc netting the nation US$6.13m for the year 2019. Sri Lanka's mace exports are classified as:
- Mace (HS code 090820)
- Mace, crushed or ground (HS code 090822)
- Mace, neither crushed nor ground (HS code 090821)
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Sri Lanka mace export values
In 2019, Sri Lanka supplied mace valued at 6.13m USD, an increment of 64.52% from 2018's total mace export of 3.726m USD. The yearly growth in value of Sri Lanka mace between 2017 to 2018 was -10.754 per cent.
The yearly variation in the volume of Sri Lanka's mace exports between 2017 and 2019 was 3.13 percent when compared to a variation of 32.601% in the growth rate between 2018 and 2019.
Export markets for Sri Lanka mace ( in '000$ )
Sri Lanka procured 3 tonnes of mace in 2019.