What is the price of natural lac per kilogram/pound in Vietnam today?
The retail price range for Vietnam natural lac is between US$ 8.40 and US$ 14.83 per kilogram or between US$ 3.81 and US$ 6.73 per pound(lb). Click here to see today's exact prices of natural lac in Vietnam
The retail price range in Dong for natural lac is between VND 210,098.75 and VND 370,762.50 per kilogram or between VND 95,282.88 and VND 168,146.26 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam natural lac is between US$ 5.88 and US$ 10.38 per kilogram or between US$ 2.67 and US$ 4.71 per pound(lb).
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Vietnam Natural Lac Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Lac from Vietnam has seen a significant increase over the last five years. In 2014, the price was 9.21 US dollars per kg, which dropped to 7.83 US dollars per kg in 2015. However, the price rose to 12.00 US dollars per kg in 2016 and further increased to 10.73 US dollars per kg in 2017. In 2018, the price skyrocketed to 21.72 US dollars per kg and further increased to 34.56 US dollars per kg in 2019. The price dropped to 13.71 US dollars per kg in 2020. Based on this trend, it is predicted that the export price per kilogram of Natural Lac from Vietnam will be around 22.50 US dollars per kg in 2023 and 25.50 US dollars per kg in 2024.Vietnam Natural Lac Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Lac into Vietnam has seen a significant fluctuation over the past five years. In 2014, the price was 9.21 US dollars per kg, which decreased to 7.83 US dollars per kg in 2015. However, the price increased to 12.00 US dollars per kg in 2016 and then dropped to 10.73 US dollars per kg in 2017. In 2018, the price rose to 21.72 US dollars per kg and then surged to 34.56 US dollars per kg in 2019. The price dropped to 13.71 US dollars per kg in 2020. Based on this trend, it is predicted that the import price per kilogram of Natural Lac into Vietnam will be around 18.90 US dollars per kg in 2023 and 22.50 US dollars per kg in 2024.Export values for Vietnam natural lac
The total values in export for natural lac in Vietnam were US$ 792, US$ 2,575, US$ 1,890 and US$ 1,797 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 Vietnam: 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.
Vietnam natural lac - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam shipped 52 tonnes of natural lac. Through 2019 alone, the market for Vietnam natural lac (agro commodities category) has shrunk, recording a change of -40.23 per cent compared to the year 2018. Between 2017 and 2019, natural lac's exports went down by -78.33 percent earning the exporter US$1.80m for the year 2019. Vietnam's natural lac exports are classified as:
- Natural lac (HS code 130110)
- Lac; natural gums, resins, gum-resins, balsams and other natural oleoresins (excluding gum Arabic) (HS code 130190)
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Vietnam natural lac export values
In 2019, Vietnam supplied natural lac with a value of 1.80m USD, a reduction of -4.76% from 2018's total natural lac export of 1.89m USD. The annual change in value of Vietnam natural lac between 2017 to 2018 was -26.602 per cent.
The annual/yearly change in the quantity of Vietnam's natural lac exports between 2017 and 2019 was -78.33 per cent in comparison to a variation of -40.23% in the period between 2018 and 2019.
Vietnam's stake of the world's total natural lac's exports in 2019 was 11.1 percent. The country is ranked position 4 in world exports of natural lac.
Export markets for Vietnam natural lac ( in '000$ )
Import/Export Trends
Vietnam is a net exporter of natural lac. The annual growth of Vietnam natural lac in value between 2015 to 2019 was 90%, per annum, while annual growth in quantity during the same period was 74%, per annum.
Vietnam procured 3,122 tonnes of natural lac in 2019.