What is the price of natural lac per kilogram/pound in Uganda today?
The retail price range for Uganda natural lac is between US$ 3.43 and US$ 8.04 per kilogram or between US$ 1.56 and US$ 3.65 per pound(lb). Click here to see today's exact prices of natural lac in Uganda
The retail price range in Uganda Shilling for natural lac is between UGX 13,197.69 and UGX 30,920.31 per kilogram or between UGX 5,985.35 and UGX 14,022.82 per pound(lb) in Kampala and Jinja.
Wholesale prices
In 2024, the approximate wholesale price range for Uganda natural lac is between US$ 2.40 and US$ 5.63 per kilogram or between US$ 1.09 and US$ 2.55 per pound(lb).
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Uganda Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Uganda has seen a steady decline over the last five years. In 2014, the price was 0.22 US dollars per kg, and in 2015 it rose to 1.71 US dollars per kg. However, since then, the price has been decreasing, with 2017 seeing a drop to 1.30 US dollars per kg, 2018 seeing a further drop to 0.60 US dollars per kg, and 2019 seeing the lowest price of 0.47 US dollars per kg. In 2020, the price rose slightly to 0.60 US dollars per kg, and in 2021 it rose again to 0.84 US dollars per kg. Based on this trend, it is likely that the export price per kilogram of Natural Lac from Uganda will continue to rise in the coming years, with an estimated price of 0.87 US dollars per kg in 2023 and 0.90 US dollars per kg in 2024.Uganda Natural Lac Import Prices - Historical, Trends and Prediction
The import price of Natural Lac into Uganda over the last five years has been quite varied. In 2015, the price was $1.71 per kg, before dropping to $1.30 in 2017. This was followed by a further decrease to $0.60 in 2018, before reaching its lowest point of $0.47 in 2019. In 2020, the price rose to $0.60, before increasing again to $0.84 in 2021. Looking ahead, it is likely that the price of Natural Lac will remain relatively stable in the next two years. We predict that the price will remain at $0.84 per kg in 2023, before increasing slightly to $0.86 in 2024.Export values for Uganda natural lac
The total values in export for natural lac in Uganda were US$ 36, US$ 43, US$ 467 and US$ 2,067 in US dollar thousand for the years 2015, 2017, 2018 and 2019 in that order.
Prices of other produce in the Agro Commodities category in Uganda: 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.
Uganda natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Uganda sold 4,354 tonnes of natural lac. For the year 2019 alone, the market for Uganda natural lac (agro commodities category) has climbed, changing by 458.922 pc compared to the year 2018. Between 2017 and 2019, natural lac's exports increased by 13093.94 pc earning the exporter US$2.07m for the year 2019. Uganda's natural lac exports are categorised as:
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
- Natural lac (HS code 130110)
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Uganda natural lac export values
In 2019, Uganda sold natural lac valued at 2.07m USD, an increment of 343.25% from 2018's total natural lac export of 0.467m USD. The annual growth in value of Uganda natural lac between 2017 to 2018 was 986.047 per cent.
The per year variation in the volume of Uganda's natural lac exports between 2017 and 2019 was 13093.94 percent when compared to a variation of 458.922% in the growth rate between 2018 and 2019.
Export markets for Uganda natural lac ( in '000$ )
Uganda brought in 50 tonnes of natural lac in 2019.