Petroleum Jelly Price in Austria - 2023

Contents:

1. Petroleum Jelly Price in Austria (CIF) - 2023
2. Petroleum Jelly Price in Austria (FOB) - 2022
3. Petroleum Jelly Imports in Austria
4. Petroleum Jelly Exports in Austria

Petroleum Jelly Price in Austria (CIF) - 2023

In July 2023, the average petroleum jelly import price amounted to $13,634 per ton, increasing by 292% against the previous month. Over the period under review, the import price recorded buoyant growth. As a result, import price attained 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 July 2023, the country with the highest price was Germany ($21,318 per ton), while the price for the Netherlands ($3,356 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Austria (FOB) - 2022

The average petroleum jelly export price stood at $3,109 per ton in 2022, rising by 5.5% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly export price increased by +77.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($33,500 per ton), while the average price for exports to Italy ($1,692 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 Serbia (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Austria

For the third consecutive year, Austria recorded decline in purchases abroad of petroleum jellies, which decreased by -25.6% to 286 tons in 2022. In general, imports continue to indicate a deep reduction. The smallest decline of -10.3% was in 2021.

In value terms, petroleum jelly imports reduced slightly to $946K in 2022. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 5.6% against the previous year.

Top Suppliers of Petroleum Jelly to Austria in 2022:

1. Germany (176.8 tons)
2. Hungary (78.8 tons)
3. Slovakia (14.0 tons)
4. Netherlands (9.2 tons)

Petroleum Jelly Exports in Austria

In 2022, exports of petroleum jellies from Austria skyrocketed to 193 tons, rising by 52% on the previous year. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, petroleum jelly exports soared to $599K in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Petroleum Jelly from Austria in 2022:

1. Croatia (61.6 tons)
2. Germany (31.1 tons)
3. Romania (29.6 tons)
4. Finland (23.6 tons)
5. Italy (13.7 tons)
6. Czech Republic (11.3 tons)
7. Hungary (7.0 tons)
8. Bosnia and Herzegovina (4.6 tons)
9. Slovenia (3.8 tons)
10. Poland (1.5 tons)

Source: IndexBox Market Intelligence Platform