Petroleum Jelly Price in the Dominican Republic - 2023

Contents:

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

Petroleum Jelly Price in the Dominican Republic (CIF) - 2022

The average petroleum jelly import price stood at $2,249 per ton in 2022, picking up by 99% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,534 per ton), while the price for India ($1,989 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Petroleum Jelly Price in the Dominican Republic (FOB) - 2022

The average petroleum jelly export price stood at $2,591 per ton in 2022, increasing by 41% against the previous year. Over the period under review, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 68%. Over the period under review, the average export prices hit record highs at $5,292 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($3,288 per ton), while the average price for exports to the United States ($2,399 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 Haiti (+1.6%), while the prices for the other major destinations experienced a decline.

Petroleum Jelly Imports in the Dominican Republic

After three years of growth, supplies from abroad of petroleum jellies decreased by -87.3% to 1K tons in 2022. In general, imports recorded a mild contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 438%.

In value terms, petroleum jelly imports dropped rapidly to $2.3M in 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by 358%.

Top Suppliers of Petroleum Jelly to the Dominican Republic in 2022:

1. India (490.4 tons)
2. United States (303.6 tons)
3. Germany (211.3 tons)

Petroleum Jelly Exports in the Dominican Republic

In 2022, exports of petroleum jellies from the Dominican Republic declined sharply to 41 tons, waning by -49.1% on the previous year. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,303% against the previous year. As a result, the exports attained the peak of 80 tons, and then reduced rapidly in the following year.

In value terms, petroleum jelly exports fell notably to $105K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,507%. As a result, the exports attained the peak of $146K, and then declined notably in the following year.

Top Export Markets for Petroleum Jelly from the Dominican Republic in 2022:

1. United States (25.2 tons)
2. Haiti (13.8 tons)
3. Jamaica (1.6 tons)

Source: IndexBox Market Intelligence Platform