Petroleum Jelly Price in Uruguay - 2021

Petroleum Jelly Price in Uruguay (CIF) - 2022

The average petroleum jelly import price stood at $2,784 per ton in 2022, rising by 31% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,791 per ton), while the price for Brazil ($1,174 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 (+1.2%), while the prices for the other major suppliers experienced a decline.

Petroleum Jelly Price in Uruguay (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $2,765 per ton, with an increase of 11% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $5,111 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to -6.0% per year.

Petroleum Jelly Imports in Uruguay

In 2022, after three years of growth, there was significant decline in overseas purchases of petroleum jellies, when their volume decreased by -41.1% to 81 tons. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of 138 tons, and then declined markedly in the following year.

In value terms, petroleum jelly imports shrank dramatically to $226K in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 110% against the previous year. As a result, imports reached the peak of $293K, and then fell significantly in the following year.

Import of Petroleum Jelly in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	41.6	61.5	90.1	104	35.7%
Germany	N/A	27.7	53.5	67.1	55.6%
India	30.4	11.0	64.2	53.3	20.6%
Brazil	38.3	25.0	1.7	0.6	-75.0%
Others	2.1	14.6	83.6	0.3	-47.7%
Total	112	140	293	226	26.4%

Top Suppliers of Petroleum Jelly to Uruguay in 2022:

United States (27.5 tons)
India (27.5 tons)
Germany (25.5 tons)
Brazil (0.5 tons)

Petroleum Jelly Exports in Uruguay

In 2022, overseas shipments of petroleum jellies decreased by -49.7% to 486 kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 38%. As a result, the exports reached the peak of 1.4 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, petroleum jelly exports reduced dramatically to $1.3K in 2022. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. As a result, the exports attained the peak of $3.5K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.