Petroleum Jelly Price in Paraguay - 2023
Contents:
Petroleum Jelly Price in Paraguay (CIF) - 2022
In 2022, the average petroleum jelly import price amounted to $2,277 per ton, jumping by 19% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the peak figure at $2,322 per ton in 2014; afterwards, it flattened through to 2022.
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 Germany ($3,246 per ton), while the price for India ($1,887 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Imports in Paraguay
After three years of growth, purchases abroad of petroleum jellies decreased by -2.6% to 140 tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 85% against the previous year.
In value terms, petroleum jelly imports surged to $320K in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 73%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Petroleum Jelly in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 14.0 | 37.4 | 119 | 184 | 136.0% |
| Germany | 17.0 | 15.9 | 11.6 | 100 | 80.5% |
| Brazil | 95.4 | 90.5 | 50.7 | 31.8 | -30.7% |
| China | 2.7 | 84.0 | 92.1 | 3.6 | 10.1% |
| Others | 8.3 | 10.1 | 2.8 | 0.2 | -71.1% |
| Total | 137 | 238 | 276 | 320 | 32.7% |
Top Suppliers of Petroleum Jelly to Paraguay in 2022:
- India (97.7 tons)
- Germany (30.8 tons)
- Brazil (10.6 tons)
- China (1.4 tons)
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