Petroleum Jelly Price in Bangladesh - 2022

Contents:

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

Petroleum Jelly Price in Bangladesh (CIF) - 2022

The average petroleum jelly import price stood at $1,161 per ton in 2022, shrinking by -4.2% against the previous year. Over the period under review, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2020 an increase of 12%. The import price peaked at $1,848 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Netherlands ($2,233 per ton), while the price for the United Arab Emirates ($661 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Petroleum Jelly Price in Bangladesh (FOB) - 2022

The average petroleum jelly export price stood at $1,411 per ton in 2022, growing by 12% against the previous year. In general, the export price, however, saw a deep slump. The growth pace was the most rapid in 2014 when the average export price increased by 86% against the previous year. As a result, the export price reached the peak level of $7,541 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($2,985 per ton), while the average price for exports to Malaysia ($1,321 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 Sweden (+1.2%).

Petroleum Jelly Imports in Bangladesh

In 2022, after three years of growth, there was significant decline in overseas purchases of petroleum jellies, when their volume decreased by -7.7% to 2.7K tons. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of 2.9K tons, and then reduced in the following year.

In value terms, petroleum jelly imports shrank to $3.1M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, imports attained the peak of $3.5M, and then dropped in the following year.

Top Suppliers of Petroleum Jelly to Bangladesh in 2022:

1. United Arab Emirates (1485.8 tons)
2. India (530.8 tons)
3. Netherlands (207.0 tons)
4. Turkey (158.9 tons)
5. Iran (105.7 tons)
6. Germany (70.4 tons)

Petroleum Jelly Exports in Bangladesh

In 2022, approx. 5.3 tons of petroleum jellies were exported from Bangladesh; with a decrease of -32.8% compared with the previous year's figure. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 248% against the previous year. As a result, the exports attained the peak of 7.9 tons, and then reduced sharply in the following year.

In value terms, petroleum jelly exports shrank sharply to $7.5K in 2022. Overall, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 97%. As a result, the exports attained the peak of $9.9K, and then contracted rapidly in the following year.

Top Export Markets for Petroleum Jelly from Bangladesh in 2022:

1. Malaysia (4.0 tons)
2. South Africa (1.2 tons)
3. Sweden (0.1 tons)

Source: IndexBox Market Intelligence Platform