Petroleum Jelly Price in Bolivia - 2023

Petroleum Jelly Price in Bolivia (CIF) - 2022

In 2022, the average petroleum jelly import price amounted to $2,550 per ton, increasing by 9.9% against the previous year. Over the period under review, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. Over the period under review, average import prices reached the maximum at $3,736 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($2,587 per ton) and the United States ($2,587 per ton), while the price for China ($2,238 per ton) and Germany ($2,587 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Imports in Bolivia

After two years of decline, overseas purchases of petroleum jellies increased by 16% to 285 tons in 2022. In general, imports, however, showed a abrupt shrinkage.

In value terms, petroleum jelly imports surged to $728K in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Petroleum Jelly in Bolivia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	310	192	172	355	4.6%
India	43.3	24.4	88.5	168	57.1%
Netherlands	95.5	63.3	106	106	3.5%
China	47.0	89.0	53.7	68.2	13.2%
United States	57.3	256	115	31.1	-18.4%
Others	44.4	33.3	36.7	N/A	-9.1%
Total	597	658	571	728	6.8%