Petroleum Jelly Price in China - 2023
Contents:
- Petroleum Jelly Price in China (CIF) - 2022
- Petroleum Jelly Price in China (FOB) - 2022
- Petroleum Jelly Imports in China
- Petroleum Jelly Exports in China
Petroleum Jelly Price in China (CIF) - 2022
The average petroleum jelly import price stood at $3,068 per ton in 2022, rising by 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($3,406 per ton) and Italy ($2,921 per ton), while the price for India ($2,276 per ton) and Germany ($2,656 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Price in China (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $1,895 per ton, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($4,354 per ton), while the average price for exports to Mongolia ($775 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+50.0%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Imports in China
In 2022, the amount of petroleum jellies imported into China totaled 2.8K tons, surging by 7.7% against 2021. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 10% against the previous year. As a result, imports attained the peak of 2.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, petroleum jelly imports skyrocketed to $8.7M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Jelly in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.9 | 3.2 | 2.5 | 3.9 | 0.0% |
| Germany | 1.3 | 1.9 | 2.1 | 2.6 | 26.0% |
| Netherlands | 0.8 | 0.6 | 1.1 | 0.7 | -4.4% |
| Italy | 0.2 | 0.4 | 0.6 | 0.6 | 44.2% |
| India | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 0.7 | 0.5 | 0.4 | 0.5 | -10.6% |
| Total | 7.1 | 6.9 | 7.1 | 8.7 | 7.0% |
Top Suppliers of Petroleum Jelly to China in 2022:
- United States (1159.0 tons)
- Germany (968.7 tons)
- Netherlands (237.0 tons)
- Italy (216.6 tons)
- India (148.7 tons)
Petroleum Jelly Exports in China
Petroleum jelly exports from China declined modestly to 994 tons in 2022, which is down by -4.8% on the year before. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of 1K tons, and then declined slightly in the following year.
In value terms, petroleum jelly exports expanded markedly to $1.9M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Petroleum Jelly in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 381 | 422 | 504 | 386 | 0.4% |
| Philippines | 121 | 158 | 204 | 237 | 25.1% |
| Russia | N/A | N/A | 0.3 | 138 | 45900.0% |
| United States | 119 | 32.9 | 60.2 | 112 | -2.0% |
| Ghana | 11.9 | N/A | 92.1 | 78.8 | 87.8% |
| Malaysia | 58.3 | 75.3 | 67.3 | 69.0 | 5.8% |
| Myanmar | 45.7 | 26.8 | 39.8 | 68.6 | 14.5% |
| Japan | 0.3 | 16.9 | 34.1 | 57.9 | 477.9% |
| Chile | 25.2 | 45.4 | 23.0 | 47.1 | 23.2% |
| El Salvador | N/A | N/A | N/A | 40.8 | 0% |
| Bangladesh | N/A | N/A | 20.1 | 34.6 | 72.1% |
| Mongolia | 61.4 | 28.1 | 13.4 | 11.5 | -42.8% |
| Paraguay | 72.9 | 23.3 | 35.6 | 7.1 | -54.0% |
| Others | 405 | 499 | 606 | 594 | 13.6% |
| Total | 1,301 | 1,327 | 1,699 | 1,883 | 13.1% |
Top Export Markets for Petroleum Jelly from China in 2022:
- Vietnam (245.9 tons)
- Philippines (141.9 tons)
- Myanmar (77.2 tons)
- United States (63.3 tons)
- Ghana (45.1 tons)
- Malaysia (43.1 tons)
- Russia (40.8 tons)
- Chile (25.8 tons)
- El Salvador (24.8 tons)
- Bangladesh (22.5 tons)
- Mongolia (14.9 tons)
- Japan (13.3 tons)
- Paraguay (4.6 tons)
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