Petroleum Jelly Price in Spain - 2023
Contents:
- Petroleum Jelly Price in Spain (FOB) - 2023
- Petroleum Jelly Price in Spain (CIF) - 2022
- Petroleum Jelly Exports in Spain
- Petroleum Jelly Imports in Spain
Petroleum Jelly Price in Spain (FOB) - 2023
The average petroleum jelly export price stood at $1,127 per ton in August 2023, approximately mirroring the previous month. In general, the export price, however, showed a mild descent. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 14% against the previous month. The export price peaked at $1,508 per ton in October 2022; however, from November 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was France ($18,340 per ton), while the average price for exports to the Netherlands ($1,016 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Price in Spain (CIF) - 2022
The average petroleum jelly import price stood at $2,896 per ton in 2022, increasing by 23% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly import price increased by +69.6% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($5,189 per ton), while the price for the United States ($2,203 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Exports in Spain
In 2022, after two years of decline, there was significant growth in overseas shipments of petroleum jellies, when their volume increased by 31% to 23K tons. The total export volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, petroleum jelly exports surged to $30M in 2022. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Jelly in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.0 | 6.3 | 8.2 | 11.6 | 18.3% |
| Italy | 2.4 | 2.0 | 3.5 | 7.8 | 48.1% |
| Portugal | 3.2 | 1.5 | 3.2 | 3.4 | 2.0% |
| Belgium | 1.9 | 2.2 | 2.8 | 2.8 | 13.8% |
| France | 1.3 | 1.0 | 1.7 | 1.9 | 13.5% |
| Cyprus | 1.9 | 1.1 | 0.7 | 1.6 | -5.6% |
| Others | 1.9 | 0.9 | 0.7 | 1.0 | -19.3% |
| Total | 19.7 | 15.1 | 20.8 | 30.1 | 15.2% |
Top Export Markets for Petroleum Jelly from Spain in 2022:
- Netherlands (9.0K tons)
- Italy (7.0K tons)
- Portugal (2.3K tons)
- Belgium (2.0K tons)
- Cyprus (1.0K tons)
- France (0.8K tons)
Petroleum Jelly Imports in Spain
In 2022, the amount of petroleum jellies imported into Spain rose rapidly to 2.6K tons, with an increase of 6.4% against the year before. Over the period under review, imports showed a modest expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, petroleum jelly imports skyrocketed to $7.5M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Jelly in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3,121 | 2,255 | 2,692 | 3,744 | 6.3% |
| France | 115 | 769 | 1,034 | 1,381 | 129.0% |
| Germany | 847 | 747 | 889 | 1,381 | 17.7% |
| United States | 104 | 590 | 329 | 264 | 36.4% |
| United Kingdom | 17.7 | 7.3 | 306 | 230 | 135.1% |
| Portugal | 14.9 | 51.6 | 91.1 | 110 | 94.7% |
| Malaysia | 190 | 122 | 42.3 | 108 | -17.2% |
| Belgium | 301 | 64.1 | 13.3 | 33.2 | -52.0% |
| Others | 146 | 200 | 301 | 217 | 14.1% |
| Total | 4,856 | 4,807 | 5,697 | 7,468 | 15.4% |
Top Suppliers of Petroleum Jelly to Spain in 2022:
- Netherlands (1445.8 tons)
- France (526.9 tons)
- Germany (266.2 tons)
- United States (119.8 tons)
- United Kingdom (86.3 tons)
- Malaysia (46.2 tons)
- Portugal (44.2 tons)
- Belgium (5.0 tons)
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