What is the price of natural lac per kilogram/pound in Turkey today?
The retail price range for Turkey natural lac is between US$ 10.61 and US$ 12.54 per kilogram or between US$ 4.81 and US$ 5.69 per pound(lb). Click here to see today's exact prices of natural lac in Turkey
The retail price range in Turkish Lira for natural lac is between TRY 210.13 and TRY 248.37 per kilogram or between TRY 95.30 and TRY 112.64 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey natural lac is between US$ 7.43 and US$ 8.78 per kilogram or between US$ 3.37 and US$ 3.98 per pound(lb).
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Turkey Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Turkey has seen a significant fluctuation over the past five years. In 2017, the price was 8.24 US dollars per kg, followed by a sharp increase to 12.59 US dollars per kg in 2018. In 2019, the price dropped to 3.61 US dollars per kg, before rising again to 7.00 US dollars per kg in 2020. The price then skyrocketed to 22.50 US dollars per kg in 2021, before settling at 15.24 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Natural Lac from Turkey will be around 17.50 US dollars per kg in 2023 and 19.50 US dollars per kg in 2024.Turkey Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Turkey has seen a significant fluctuation over the past five years. In 2016, the price was at its highest at 9.58 US dollars per kg, before dropping to 8.24 US dollars per kg in 2017. The price then rose to 12.59 US dollars per kg in 2018, before dropping to 3.61 US dollars per kg in 2019. In 2020, the price rose again to 7.00 US dollars per kg, before reaching its highest point of 22.50 US dollars per kg in 2021. The most recent data shows that the price has dropped to 15.24 US dollars per kg in 2022. Based on the data, it is likely that the price of Natural Lac into Turkey will continue to fluctuate in the coming years. We predict that the price will rise to around 18.00 US dollars per kg in 2023, and then drop to around 12.00 US dollars per kg in 2024.Export values for Turkey natural lac
The total values in export for natural lac in Turkey were US$ 498, US$ 404, US$ 277 and US$ 102 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 Turkey: 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.
Turkey natural lac - Production, Exports, Imports, Seasons and HS Codes
The quantity of natural lac exported by Turkey in 2020 was 50 metric tons. In 2019 Turkey exported 13 tonnes of natural lac. For the year 2019 alone, the interest in Turkey natural lac (agro commodities category) has gone down, recording a change of -40.909 percent compared to the year 2018. Between 2017 and 2019, natural lac's exports reduced by -73.47 pc earning Turkey US$0.10m for the year 2019. Turkey's natural lac exports are categorised as:
- Natural lac (HS code 130110)
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
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Turkey natural lac export values
In 2019, Turkey supplied natural lac with a value of 0.10m USD, a decrease of -63.90% from 2018's total natural lac export of 0.277m USD. The yearly reduction in value of Turkey natural lac between 2017 to 2018 was -31.436 percent.
The per year variation in the amount of Turkey's natural lac exports between 2017 and 2019 was -73.47% compared to a variation of -40.909% in the period between 2018 and 2019.
Turkey's share of the world's total natural lac's exports in 2019 was less than 1%. The country holds position 24 in world exports of natural lac.
Export markets for Turkey natural lac ( in '000$ )
Turkey imported 602 tonnes of natural lac in 2019.