Petroleum Jelly Price in Germany - 2023
Contents:
- Petroleum Jelly Price in Germany (FOB) - 2023
- Petroleum Jelly Price in Germany (CIF) - 2022
- Petroleum Jelly Exports in Germany
- Petroleum Jelly Imports in Germany
Petroleum Jelly Price in Germany (FOB) - 2023
In August 2023, the average petroleum jelly export price amounted to $2,142 per ton, shrinking by -2% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 8.6% against the previous month. As a result, the export price reached the peak level of $2,495 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Japan ($3,339 per ton), while the average price for exports to Cote d'Ivoire ($1,430 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Price in Germany (CIF) - 2022
The average petroleum jelly import price stood at $2,363 per ton in 2022, rising by 24% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $2,460 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 United States ($3,166 per ton), while the price for France ($1,541 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Exports in Germany
In 2022, after three years of growth, there was significant decline in shipments abroad of petroleum jellies, when their volume decreased by -29.5% to 31K tons. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 9.5% against the previous year.
In value terms, petroleum jelly exports fell to $67M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of $78M, and then fell in the following year.
| Export of Petroleum Jelly in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 5.3 | 5.3 | 6.3 | 7.7 | 13.3% |
| Nigeria | 12.8 | 13.7 | 14.6 | 6.7 | -19.4% |
| Cote d'Ivoire | 3.5 | 5.4 | 7.4 | 5.3 | 14.8% |
| Netherlands | 1.8 | 1.8 | 2.5 | 3.1 | 19.9% |
| China | 1.6 | 2.5 | 2.4 | 2.7 | 19.1% |
| Poland | 2.2 | 2.0 | 2.5 | 2.5 | 4.4% |
| France | 2.1 | 1.9 | 2.1 | 2.5 | 6.0% |
| Democratic Republic of the Congo | 0.7 | 0.6 | 1.6 | 1.9 | 39.5% |
| Italy | 1.2 | 1.1 | 1.6 | 1.8 | 14.5% |
| Belgium | 0.9 | 0.7 | 0.8 | 1.7 | 23.6% |
| Yemen | 0.8 | 1.1 | 1.5 | 1.6 | 26.0% |
| Turkey | 0.8 | 1.2 | 1.2 | 1.3 | 17.6% |
| Indonesia | 1.4 | 1.1 | 0.8 | 1.2 | -5.0% |
| Others | 26.7 | 26.1 | 32.2 | 27.4 | 0.9% |
| Total | 61.9 | 64.7 | 77.5 | 67.4 | 2.9% |
Top Export Markets for Petroleum Jelly from Germany in 2022:
- Nigeria (3.5K tons)
- Cote d'Ivoire (3.2K tons)
- Ireland (3.1K tons)
- Netherlands (1.3K tons)
- Democratic Republic of the Congo (1.2K tons)
- China (1.2K tons)
- Poland (1.1K tons)
- Yemen (1.1K tons)
- France (0.9K tons)
- Belgium (0.9K tons)
- Italy (0.7K tons)
- Turkey (0.6K tons)
- Indonesia (0.6K tons)
Petroleum Jelly Imports in Germany
In 2022, supplies from abroad of petroleum jellies decreased by -12.9% to 6.9K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 29%. As a result, imports attained the peak of 8K tons, and then declined in the following year.
In value terms, petroleum jelly imports rose markedly to $16M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +42.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Petroleum Jelly in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.4 | 7.0 | 9.1 | 10.5 | 3.8% |
| France | 1.1 | 3.0 | 3.4 | 3.0 | 39.7% |
| United States | 0.4 | 0.9 | 1.1 | 1.1 | 40.1% |
| Belgium | N/A | 0.1 | 0.7 | 0.6 | 144.9% |
| United Kingdom | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Hungary | 0.3 | 0.5 | 0.4 | 0.3 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Total | 11.5 | 11.9 | 15.2 | 16.4 | 12.6% |
Top Suppliers of Petroleum Jelly to Germany in 2022:
- Netherlands (4015.4 tons)
- France (1950.4 tons)
- United States (338.2 tons)
- Belgium (229.1 tons)
- United Kingdom (148.9 tons)
- Hungary (140.4 tons)
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