Petroleum Jelly Price in Costa Rica - 2022

Petroleum Jelly Price in Costa Rica (CIF) - 2022

In 2022, the average petroleum jelly import price amounted to $2,577 per ton, increasing by 39% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,271 per ton), while the price for India ($2,174 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 (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Costa Rica (FOB) - 2022

The average petroleum jelly export price stood at $4,695 per ton in 2022, growing by 23% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($66,667 per ton), while the average price for exports to Guatemala ($4,249 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 El Salvador (+51.9%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Costa Rica

After three years of growth, purchases abroad of petroleum jellies decreased by -16.9% to 396 tons in 2022. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year.

In value terms, petroleum jelly imports skyrocketed to $1M in 2022. The total import value increased at an average annual rate of +13.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded 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 Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	367	513	360	447	6.8%
United States	181	174	223	312	19.9%
India	104	96.7	113	180	20.1%
Guatemala	N/A	1.8	55.0	70.5	525.8%
Others	55.7	4.3	131	9.9	-43.8%
Total	708	790	882	1,020	12.9%

Top Suppliers of Petroleum Jelly to Costa Rica in 2022:

Germany (187.2 tons)
United States (95.5 tons)
India (82.8 tons)
Guatemala (27.6 tons)

Petroleum Jelly Exports in Costa Rica

For the third year in a row, Costa Rica recorded decline in shipments abroad of petroleum jellies, which decreased by -73.1% to 584 kg in 2022. Overall, exports saw a precipitous setback. The smallest decline of -23.9% was in 2020.

In value terms, petroleum jelly exports contracted rapidly to $2.7K in 2022. Over the period under review, exports showed a sharp contraction. The smallest decline of -16.3% was in 2020.

Export of Petroleum Jelly in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Guatemala	15.6	10.5	N/A	2.4	-46.4%
El Salvador	5.9	10.0	N/A	0.2	-67.6%
Chile	N/A	N/A	N/A	0.1	0%
Nicaragua	7.2	7.5	N/A	N/A	4.2%
Panama	10.1	2.5	8.3	N/A	-9.3%
Venezuela	N/A	2.1	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	38.9	32.6	8.3	2.7	-58.9%