Petroleum Jelly Price in Ecuador - 2022
Contents:
- Petroleum Jelly Price in Ecuador (CIF) - 2022
- Petroleum Jelly Price in Ecuador (FOB) - 2022
- Petroleum Jelly Imports in Ecuador
- Petroleum Jelly Exports in Ecuador
Petroleum Jelly Price in Ecuador (CIF) - 2022
In January 2022, the average petroleum jelly import price amounted to $2,092 per ton, falling by -2.2% against the previous month. Overall, the import price saw a noticeable curtailment. The pace of growth appeared the most rapid in June 2021 when the average import price increased by 109% month-to-month. As a result, import price attained the peak level of $4,943 per ton. From July 2021 to January 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was China ($2,137 per ton), while the price for Germany totaled $1,988 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the prices for the other major suppliers experienced a decline.
Petroleum Jelly Price in Ecuador (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $6,306 per ton, reducing by -1.9% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,425 per ton in 2021, and then contracted slightly in the following year.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($6,500 per ton), while the average price for exports to the United States ($5,065 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 the United States (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Imports in Ecuador
In 2022, supplies from abroad of petroleum jellies decreased by -19.8% to 664 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.9% 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 +32.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 65%. As a result, imports reached the peak of 828 tons, and then reduced dramatically in the following year.
In value terms, petroleum jelly imports dropped dramatically to $1M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of $1.3M, and then contracted sharply in the following year.
| Import of Petroleum Jelly in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 565 | 530 | 757 | 632 | 3.8% |
| China | 19.4 | 39.2 | 299 | 219 | 124.3% |
| India | 9.0 | 33.5 | 32.8 | 58.1 | 86.2% |
| Mexico | 45.3 | 41.5 | 63.2 | 38.0 | -5.7% |
| Brazil | 20.2 | 19.0 | 29.8 | 18.7 | -2.5% |
| United States | 55.1 | 17.5 | 65.5 | 18.7 | -30.2% |
| Turkey | 15.5 | 15.9 | 25.3 | 15.9 | 0.9% |
| Others | 48.5 | 34.3 | 40.4 | 21.4 | -23.9% |
| Total | 778 | 731 | 1,313 | 1,022 | 9.5% |
Top Suppliers of Petroleum Jelly to Ecuador in 2022:
- Germany (414.4 tons)
- China (122.3 tons)
- India (42.4 tons)
- Mexico (34.3 tons)
- Turkey (16.0 tons)
- Brazil (14.0 tons)
- United States (5.1 tons)
Petroleum Jelly Exports in Ecuador
After three years of growth, shipments abroad of petroleum jellies decreased by -19.1% to 5.2 tons in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 183%.
In value terms, petroleum jelly exports dropped remarkably to $33K in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 235% against the previous year.
| Export of Petroleum Jelly in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 7.1 | 23.9 | 6.1 | 32.3 | 65.7% |
| United States | 0.1 | 0.5 | 0.1 | 0.5 | 71.0% |
| Australia | N/A | N/A | 35.4 | N/A | 0% |
| Others | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Total | 7.3 | 24.5 | 41.6 | 33.0 | 65.3% |
Top Export Markets for Petroleum Jelly from Ecuador in 2022:
- Bolivia (5.1 tons)
- United States (0.1 tons)
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