What is the price of natural lac per kilogram/pound in Tanzania today?
The retail price range for Tanzania natural lac is between US$ 4.93 and US$ 12.82 per kilogram or between US$ 2.23 and US$ 5.81 per pound(lb). Click here to see today's exact prices of natural lac in Tanzania
The retail price range in Tanzanian shilling for natural lac is between TZS 11,726.50 and TZS 30,526.50 per kilogram or between TZS 5,318.14 and TZS 13,844.22 per pound(lb) in Dar es Salaam and Mwanza.
Wholesale prices
In 2024, the approximate wholesale price range for Tanzania natural lac is between US$ 3.45 and US$ 8.97 per kilogram or between US$ 1.56 and US$ 4.07 per pound(lb).
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Tanzania Natural Lac Export Prices - Historical, Trends and Prediction
The export price of Natural Lac from Tanzania has seen a significant decrease over the past five years. In 2012, the export price per kilogram was 14.67 US dollars, but by 2021, it had dropped to 0.59 US dollars. This represents a decrease of 96.1%. The export price has remained relatively stable since 2018, with only a slight increase from 0.64 US dollars in 2018 to 0.67 US dollars in 2020. Based on this trend, it is likely that the export price of Natural Lac from Tanzania will remain around 0.59 US dollars in 2023 and 2024.Tanzania Natural Lac Import Prices - Historical, Trends and Prediction
The import price of Natural Lac into Tanzania has seen a significant decrease over the past five years. In 2012, the price per kilogram was 14.67 US dollars, but by 2021, it had dropped to 0.59 US dollars. This represents a decrease of 96.1%. The price has remained relatively stable since 2018, with only a slight increase from 0.64 US dollars in 2017 to 0.67 US dollars in 2020. Based on this trend, it is likely that the price of Natural Lac will remain around 0.60 US dollars in the next two years, with a prediction of 0.60 US dollars in 2023 and 0.61 US dollars in 2024.Export values for Tanzania natural lac
The total values in export for natural lac in Tanzania were US$ 44, US$ 18, US$ 445 and US$ 660 in US dollar thousand for the years 2012, 2017, 2018 and 2019 in that order.
Prices of other produce in the Agro Commodities category in Tanzania: 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.
Tanzania natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Tanzania exported 936 tonnes of natural lac. In 2019 alone, the demand for Tanzania natural lac (agro commodities category) has escalated, flactuating by 35.652 % compared to the year 2018. Between 2017 and 2019, natural lac's exports increased by 3242.86% earning the exporter US$0.66m for the year 2019. Tanzania's natural lac exports are categorised as:
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
- Natural lac (HS code 130110)
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Tanzania natural lac export values
In 2019, Tanzania sold natural lac costing 0.66m USD, an improvement of 48.31% from 2018's total natural lac export of 0.445m USD. The annual change in value of Tanzania natural lac between 2017 to 2018 was 2372.222 percent.
The annual change in the quantity of Tanzania's natural lac exports between 2017 and 2019 was 3242.86% compared to a variation of 35.652% in the period between 2018 and 2019.
Export markets for Tanzania natural lac ( in '000$ )
Tanzania brought in 71 tonnes of natural lac in 2019.