Petroleum Jelly Price in Australia - 2023

Contents:

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

Petroleum Jelly Price in Australia (CIF) - 2022

The average petroleum jelly import price stood at $2,621 per ton in 2022, with an increase of 20% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 +46.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,756 per ton), while the price for South Africa ($1,841 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Australia (FOB) - 2022

The average petroleum jelly export price stood at $3,264 per ton in 2022, falling by -12.6% against the previous year. In general, the export price, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 119% against the previous year. As a result, the export price attained the peak level of $4,732 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,556 per ton), while the average price for exports to New Zealand stood at $3,187 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Australia

In 2022, the amount of petroleum jellies imported into Australia shrank to 1.4K tons, which is down by -12.8% compared with the previous year. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year.

In value terms, petroleum jelly imports amounted to $3.7M in 2022. Overall, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 78% against the previous year.

Top Suppliers of Petroleum Jelly to Australia in 2022:

1. India (770.8 tons)
2. United States (159.0 tons)
3. Malaysia (152.1 tons)
4. Indonesia (93.6 tons)
5. Netherlands (73.3 tons)
6. South Africa (62.7 tons)
7. Germany (52.3 tons)

Petroleum Jelly Exports in Australia

In 2022, exports of petroleum jellies from Australia fell significantly to 12 tons, which is down by -70.7% on the previous year. Overall, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 382%.

In value terms, petroleum jelly exports declined markedly to $41K in 2022. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 615%.

Top Export Markets for Petroleum Jelly from Australia in 2022:

1. United States (undefined tons)
2. New Zealand (12.3 tons)

Source: IndexBox Market Intelligence Platform