Petroleum Jelly Price in Iran - 2022
Contents:
- Petroleum Jelly Price in Iran (FOB) - 2022
- Petroleum Jelly Price in Iran (CIF) - 2022
- Petroleum Jelly Exports in Iran
- Petroleum Jelly Imports in Iran
Petroleum Jelly Price in Iran (FOB) - 2022
The average petroleum jelly export price stood at $968 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of 3.9% against the previous year. As a result, the export price attained the peak level of $1,304 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($1,311 per ton), while the average price for exports to Pakistan ($544 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 Senegal (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Price in Iran (CIF) - 2022
The average petroleum jelly import price stood at $1,499 per ton in 2022, surging by 2.6% against the previous year. In general, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2013 when the average import price increased by 6.5% against the previous year. The import price peaked at $2,828 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,441 per ton), while the price for the United Arab Emirates ($1,350 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Petroleum Jelly Exports in Iran
In 2022, petroleum jelly exports from Iran dropped significantly to 25K tons, waning by -44.8% against the year before. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 864% against the previous year. As a result, the exports reached the peak of 45K tons, and then reduced rapidly in the following year.
In value terms, petroleum jelly exports shrank rapidly to $24M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 877%. As a result, the exports reached the peak of $44M, and then reduced dramatically in the following year.
| Export of Petroleum Jelly in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.8 | 0.7 | 5.2 | 4.8 | 81.7% |
| Afghanistan | 0.5 | 0.5 | 3.4 | 2.6 | 73.2% |
| Iraq | 0.8 | 0.5 | 2.2 | 2.2 | 40.1% |
| India | 0.3 | 0.3 | 2.2 | 1.9 | 85.0% |
| Pakistan | 0.4 | 0.3 | 14.9 | 1.7 | 62.0% |
| Sudan | 0.7 | 0.4 | 1.3 | 1.7 | 34.4% |
| Syrian Arab Republic | 0.3 | 0.3 | 2.0 | 1.5 | 71.0% |
| Nigeria | 0.6 | 0.4 | 2.0 | 1.3 | 29.4% |
| Tajikistan | N/A | N/A | 0.3 | 0.9 | 200.0% |
| Djibouti | 0.1 | 0.1 | 0.6 | 0.6 | 81.7% |
| United Arab Emirates | 0.1 | N/A | 0.4 | 0.4 | 58.7% |
| Senegal | 0.1 | 0.1 | 0.6 | 0.4 | 58.7% |
| Vietnam | 0.1 | 0.1 | 0.6 | 0.4 | 58.7% |
| Others | 1.3 | 0.8 | 8.4 | 3.7 | 41.7% |
| Total | 6.3 | 4.5 | 43.9 | 24.2 | 56.6% |
Top Export Markets for Petroleum Jelly from Iran in 2022:
- Turkey (3.7K tons)
- Pakistan (3.2K tons)
- Afghanistan (2.7K tons)
- India (2.0K tons)
- Sudan (1.7K tons)
- Iraq (1.7K tons)
- Syrian Arab Republic (1.6K tons)
- Nigeria (1.4K tons)
- Tajikistan (1.4K tons)
- Djibouti (0.5K tons)
- Vietnam (0.5K tons)
- United Arab Emirates (0.4K tons)
- Senegal (0.4K tons)
Petroleum Jelly Imports in Iran
In 2022, approx. 2.3K tons of petroleum jellies were imported into Iran; remaining relatively unchanged against the previous year. In general, imports saw a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by 1.7%.
In value terms, petroleum jelly imports amounted to $3.4M in 2022. Over the period under review, imports continue to indicate a pronounced reduction.
| Import of Petroleum Jelly in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,668 | 1,256 | 1,571 | 1,444 | -4.7% |
| China | 1,236 | 1,267 | 864 | 973 | -7.7% |
| South Korea | 391 | 553 | 427 | 452 | 5.0% |
| Hong Kong SAR | 391 | 160 | 208 | 220 | -17.4% |
| Thailand | 116 | 138 | 127 | 160 | 11.3% |
| United Arab Emirates | 19.3 | 26.5 | 114 | 121 | 84.4% |
| Others | 139 | 58.9 | 36.5 | 33.0 | -38.1% |
| Total | 3,961 | 3,458 | 3,348 | 3,403 | -4.9% |
Top Suppliers of Petroleum Jelly to Iran in 2022:
- India (1064.0 tons)
- China (676.3 tons)
- South Korea (185.1 tons)
- Hong Kong SAR (159.2 tons)
- United Arab Emirates (89.6 tons)
- Thailand (89.3 tons)
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