Petroleum Jelly Price in Norway - 2023
Contents:
- Petroleum Jelly Price in Norway (CIF) - 2022
- Petroleum Jelly Price in Norway (FOB) - 2022
- Petroleum Jelly Imports in Norway
- Petroleum Jelly Exports in Norway
Petroleum Jelly Price in Norway (CIF) - 2022
The average petroleum jelly import price stood at $4,789 per ton in 2022, dropping by -41.4% against the previous year. Overall, the import price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 an increase of 63%. As a result, import price reached the peak level of $8,407 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
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 ($21,864 per ton), while the price for the UK ($2,743 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Price in Norway (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $24,341 per ton, surging by 5.7% against the previous year. In general, the export price saw a resilient increase. The pace of growth was the most pronounced in 2016 an increase of 168%. The export price peaked in 2022 and is expected to retain growth in the near future.
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 Egypt ($46,800 per ton), while the average price for exports to Germany ($8,748 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 (+60.0%), while the prices for the other major destinations experienced mixed trend patterns.
Petroleum Jelly Imports in Norway
In 2022, the amount of petroleum jellies imported into Norway surged to 245 tons, growing by 45% compared with the previous year. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 84%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, petroleum jelly imports fell notably to $1.2M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 79%. As a result, imports attained the peak of $1.4M, and then contracted remarkably in the following year.
| Import of Petroleum Jelly in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 126 | 108 | 243 | 560 | 64.4% |
| France | 269 | 597 | 1,023 | 503 | 23.2% |
| Germany | 17.2 | 25.3 | 30.6 | 46.1 | 38.9% |
| Netherlands | 3.7 | 21.4 | 36.1 | 2.2 | -15.9% |
| Others | 17.2 | 19.6 | 48.4 | 62.7 | 53.9% |
| Total | 432 | 771 | 1,381 | 1,173 | 39.5% |
Top Suppliers of Petroleum Jelly to Norway in 2022:
- United Kingdom (204.1 tons)
- France (23.0 tons)
- Germany (10.5 tons)
- Netherlands (0.6 tons)
Petroleum Jelly Exports in Norway
In 2022, approx. 919 kg of petroleum jellies were exported from Norway; falling by -30.4% against the year before. Over the period under review, exports saw a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year.
In value terms, petroleum jelly exports dropped sharply to $22K in 2022. In general, exports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 134%.
| Export of Petroleum Jelly in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 12.2 | 12.0 | -1.6% |
| Germany | 0.5 | 3.2 | 1.5 | 2.2 | 63.9% |
| Ireland | N/A | N/A | 3.9 | 2.2 | -43.6% |
| United States | N/A | N/A | 1.9 | 1.6 | -15.8% |
| Sweden | 1.0 | 0.3 | 1.5 | 1.5 | 14.5% |
| Egypt | N/A | N/A | N/A | 0.7 | 0% |
| France | 11.9 | N/A | N/A | 0.3 | -70.7% |
| Russia | N/A | N/A | 1.7 | N/A | 0% |
| Singapore | 55.4 | N/A | N/A | N/A | 0% |
| Italy | N/A | 0.7 | N/A | N/A | 0% |
| Others | 4.2 | 8.8 | 7.6 | 2.0 | -21.9% |
| Total | 73.1 | 13.0 | 30.4 | 22.4 | -32.6% |
Top Export Markets for Petroleum Jelly from Norway in 2022:
- Netherlands (270.0 kg)
- Germany (250.0 kg)
- Sweden (141.0 kg)
- Ireland (116.0 kg)
- United States (81.0 kg)
- Egypt (15.0 kg)
- France (11.0 kg)
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