Petroleum Jelly Price in Kazakhstan - 2021

Petroleum Jelly Price in Kazakhstan (CIF) - 2022

In 2022, the average petroleum jelly import price amounted to $3,470 per ton, surging by 33% against the previous year. Overall, the import price posted a notable expansion. The growth pace was the most rapid in 2018 when the average import price increased by 66% against the previous year. As a result, import price attained the peak level of $4,022 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($3,676 per ton) and India ($3,660 per ton), while the price for Russia ($2,635 per ton) and Latvia ($2,845 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Kazakhstan (FOB) - 2022

The average petroleum jelly export price stood at $41,962 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price recorded a significant expansion. The growth pace was the most rapid in 2017 a decrease of -7.8% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($42,648 per ton), while the average price for exports to Azerbaijan totaled $22,500 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+91.8%).

Petroleum Jelly Imports in Kazakhstan

Petroleum jelly imports into Kazakhstan skyrocketed to 65 tons in 2022, picking up by 123% compared with the previous year's figure. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, petroleum jelly imports surged to $224K in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Petroleum Jelly in Kazakhstan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	4.0	7.4	27.6	102	194.3%
India	N/A	N/A	N/A	80.9	0%
Turkey	1.4	4.2	2.5	18.9	138.1%
Russia	11.3	9.4	15.9	2.4	-40.3%
China	1.8	1.9	3.9	N/A	47.2%
Uzbekistan	7.6	N/A	N/A	N/A	0%
Iran	1.7	2.1	4.1	N/A	55.3%
Others	5.1	13.5	21.8	20.2	58.2%
Total	33.0	38.5	75.9	224	89.3%

Top Suppliers of Petroleum Jelly to Kazakhstan in 2022:

Latvia (35.9 tons)
India (22.1 tons)
Turkey (5.1 tons)
Russia (0.9 tons)

Petroleum Jelly Exports in Kazakhstan

In 2022, petroleum jelly exports from Kazakhstan totaled 130 kg, stabilizing at 2021. Overall, exports posted a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, petroleum jelly exports stood at $5.5K in 2022. In general, exports saw a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.