Petroleum Jelly Price in Lithuania - 2023

Petroleum Jelly Price in Lithuania (CIF) - 2022

The average petroleum jelly import price stood at $5,799 per ton in 2022, picking up by 510% against the previous year. Over the period under review, the import price continues to indicate significant growth. As a result, import price attained 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 Italy ($23,802 per ton), while the price for Poland ($2,638 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Lithuania (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $1,272 per ton, increasing by 41% against the previous year. Overall, the export price recorded a slight increase. The export price peaked at $1,539 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Bulgaria ($8,782 per ton), while the average price for exports to Poland ($869 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 the Netherlands (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Lithuania

In 2022, the amount of petroleum jellies imported into Lithuania dropped significantly to 51 tons, with a decrease of -95.5% on 2021. In general, imports faced a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 72%.

In value terms, petroleum jelly imports dropped dramatically to $294K in 2022. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year.

Import of Petroleum Jelly in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	53.3	43.2	82.1	52.8	-0.3%
Latvia	70.4	103	130	50.8	-10.3%
Italy	3.3	N/A	1.3	49.4	146.5%
Belgium	11.2	11.4	11.0	40.0	52.9%
United States	0.2	22.3	22.4	31.8	441.8%
Hungary	N/A	N/A	14.0	26.4	88.6%
Poland	21.4	20.8	21.1	25.4	5.9%
Russia	1,661	324	722	N/A	-34.1%
Belarus	67.4	N/A	N/A	N/A	0%
Others	26.0	45.5	62.7	17.7	-12.0%
Total	1,914	570	1,067	294	-46.4%

Top Suppliers of Petroleum Jelly to Lithuania in 2022:

Germany (15.4 tons)
Hungary (9.8 tons)
Poland (9.6 tons)
United States (4.8 tons)
Belgium (4.5 tons)
Latvia (2.6 tons)
Italy (2.1 tons)

Petroleum Jelly Exports in Lithuania

Petroleum jelly exports from Lithuania fell significantly to 137 tons in 2022, with a decrease of -79% compared with 2021. In general, exports saw a sharp contraction. The smallest decline of -2.8% was in 2021.

In value terms, petroleum jelly exports fell notably to $175K in 2022. Overall, exports saw a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year.

Export of Petroleum Jelly in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	308	196	6.9	60.3	-41.9%
Slovenia	N/A	N/A	N/A	42.7	0%
Bulgaria	0.4	0.1	0.3	21.8	279.1%
Netherlands	71.7	N/A	N/A	20.9	-33.7%
Czech Republic	113	11.9	8.0	18.1	-45.7%
Poland	643	206	564	3.5	-82.4%
Ukraine	211	32.2	0.1	N/A	-97.8%
Others	54.1	15.1	13.1	7.5	-48.2%
Total	1,401	461	592	175	-50.0%