Petroleum Jelly Price in Egypt - 2023

Contents:

1. Petroleum Jelly Price in Egypt (CIF) - 2022
2. Petroleum Jelly Price in Egypt (FOB) - 2022
3. Petroleum Jelly Imports in Egypt
4. Petroleum Jelly Exports in Egypt

Petroleum Jelly Price in Egypt (CIF) - 2022

The average petroleum jelly import price stood at $2,587 per ton in 2022, surging by 18% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly import price increased by +80.9% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 39%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($2,587 per ton) and India ($2,587 per ton), while the price for Italy ($2,587 per ton) and the UK ($2,587 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Egypt (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $2,362 per ton, picking up by 136% against the previous year. In general, the export price continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 677%. As a result, the export price reached the peak level of $12,302 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -4.1% per year.

Petroleum Jelly Imports in Egypt

In 2022, after two years of decline, there was significant growth in purchases abroad of petroleum jellies, when their volume increased by 13% to 1.4K tons. Over the period under review, imports, however, continue to indicate a abrupt downturn.

In value terms, petroleum jelly imports surged to $3.5M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Jelly to Egypt in 2022:

1. India (392.5 tons)
2. Netherlands (209.9 tons)
3. United States (153.8 tons)
4. Germany (141.3 tons)
5. Hungary (116.7 tons)
6. United Arab Emirates (113.0 tons)
7. Turkey (88.9 tons)
8. United Kingdom (88.5 tons)
9. Italy (63.6 tons)

Petroleum Jelly Exports in Egypt

After three years of growth, shipments abroad of petroleum jellies decreased by 99.9% to 94 kg in 2022. Overall, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 239%.

In value terms, petroleum jelly exports shrank notably to $222 in 2022. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 267% against the previous year.

Top Export Markets for Petroleum Jelly from Egypt in 2022:

1. Kazakhstan (94.0 kg)

Source: IndexBox Market Intelligence Platform