Petroleum Jelly Price in Guatemala - 2023

Contents:

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

Petroleum Jelly Price in Guatemala (CIF) - 2022

The average petroleum jelly import price stood at $1,845 per ton in 2022, jumping by 43% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly import price increased by +68.9% against 2020 indices. As a result, import price reached 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 Germany ($2,161 per ton), while the price for Brazil ($830 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Petroleum Jelly Price in Guatemala (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $2,096 per ton, jumping by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Costa Rica ($2,305 per ton) and Nicaragua ($2,202 per ton), while the average price for exports to El Salvador ($1,960 per ton) and Honduras ($2,092 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Guatemala

Petroleum jelly imports into Guatemala reached 1.8K tons in 2022, picking up by 6.7% on the previous year. In general, imports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of 19%.

In value terms, petroleum jelly imports soared to $3.3M in 2022. Overall, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Jelly to Guatemala in 2022:

1. India (981.9 tons)
2. Germany (548.3 tons)
3. United States (274.7 tons)

Petroleum Jelly Exports in Guatemala

In 2022, the amount of petroleum jellies exported from Guatemala soared to 303 tons, growing by 19% on 2021 figures. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, petroleum jelly exports surged to $636K in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Petroleum Jelly from Guatemala in 2022:

1. Honduras (160.9 tons)
2. El Salvador (83.2 tons)
3. Costa Rica (33.3 tons)
4. Nicaragua (23.8 tons)
5. Panama (2.0 tons)
6. Dominican Republic (0.1 tons)

Source: IndexBox Market Intelligence Platform