Petroleum Jelly Price in Italy - 2023

Contents:

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

Petroleum Jelly Price in Italy (CIF) - 2022

In 2022, the average petroleum jelly import price amounted to $2,640 per ton, growing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2013 an increase of 30%. As a result, import price attained the peak level of $2,685 per ton. From 2014 to 2022, the average 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 France ($5,574 per ton), while the price for Austria ($1,582 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 (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Italy (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $2,993 per ton, jumping by 19% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 34% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($9,062 per ton), while the average price for exports to Syrian Arab Republic ($1,974 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 France (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Italy

After two years of decline, supplies from abroad of petroleum jellies increased by 1.3% to 2K tons in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction.

In value terms, petroleum jelly imports skyrocketed to $5.4M in 2022. Overall, imports, however, saw a pronounced decline.

Top Suppliers of Petroleum Jelly to Italy in 2022:

1. Netherlands (807.2 tons)
2. Germany (708.1 tons)
3. India (292.7 tons)
4. United Kingdom (56.8 tons)
5. France (56.7 tons)
6. Belgium (46.0 tons)

Petroleum Jelly Exports in Italy

Petroleum jelly exports from Italy declined remarkably to 1.1K tons in 2022, waning by -30.9% on the previous year. In general, exports showed a abrupt setback. The smallest decline of -2.8% was in 2021.

In value terms, petroleum jelly exports shrank significantly to $3.2M in 2022. Overall, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, the exports attained the peak of $3.9M, and then declined markedly in the following year.

Top Export Markets for Petroleum Jelly from Italy in 2022:

1. Egypt (195.8 tons)
2. China (194.0 tons)
3. United Kingdom (184.3 tons)
4. Brazil (92.4 tons)
5. Greece (58.7 tons)
6. Mexico (35.9 tons)
7. Portugal (31.3 tons)
8. Turkey (29.4 tons)
9. France (28.3 tons)
10. Syrian Arab Republic (24.5 tons)
11. India (23.6 tons)
12. Argentina (21.5 tons)
13. Netherlands (21.0 tons)

Source: IndexBox Market Intelligence Platform