Petroleum Jelly Price in Ukraine - 2023

Petroleum Jelly Price in Ukraine (CIF) - 2022

The average petroleum jelly import price stood at $1,758 per ton in 2022, increasing by 25% against the previous year. Over the period under review, the import price showed tangible growth. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 ($6,008 per ton), while the price for Russia ($827 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Ukraine (FOB) - 2022

The average petroleum jelly export price stood at $3,741 per ton in 2022, growing by 64% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 134% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($6,629 per ton), while the average price for exports to Moldova totaled $3,284 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.9%), while the prices for the other major destinations experienced a decline.

Petroleum Jelly Imports in Ukraine

In 2022, the amount of petroleum jellies imported into Ukraine declined markedly to 470 tons, reducing by -25.6% against the previous year's figure. Over the period under review, imports faced a deep downturn. The smallest decline of -11.7% was in 2020.

In value terms, petroleum jelly imports reduced to $826K in 2022. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 2.1% against the previous year.

Import of Petroleum Jelly in Ukraine (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	129	205	249	237	22.5%
India	250	206	237	188	-9.1%
Poland	13.7	66.9	23.4	164	128.8%
China	48.0	61.8	128	105	29.8%
Russia	117	63.0	171	80.7	-11.6%
Hungary	17.8	13.0	16.9	39.7	30.7%
Germany	123	70.6	9.2	2.2	-73.8%
Bulgaria	N/A	39.0	N/A	N/A	0%
Lithuania	229	72.4	0.1	N/A	-97.9%
Belarus	N/A	64.0	31.0	N/A	-51.6%
Others	23.7	12.1	25.8	9.5	-26.3%
Total	950	873	891	826	-4.6%

Top Suppliers of Petroleum Jelly to Ukraine in 2022:

Turkey (119.9 tons)
Poland (104.5 tons)
Russia (97.5 tons)
India (84.7 tons)
China (43.4 tons)
Hungary (13.3 tons)
Germany (0.4 tons)

Petroleum Jelly Exports in Ukraine

For the fourth year in a row, Ukraine recorded growth in shipments abroad of petroleum jellies, which increased by 25% to 1.8 tons in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 259%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, petroleum jelly exports skyrocketed to $6.7K in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 462% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Petroleum Jelly in Ukraine (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Moldova	N/A	0.7	2.9	5.2	172.6%
Germany	N/A	N/A	N/A	1.2	0%
Georgia	0.2	0.3	0.1	0.1	-20.6%
Tajikistan	N/A	1.7	N/A	N/A	0%
Belarus	0.3	N/A	N/A	N/A	0%
Others	N/A	N/A	0.2	0.3	50.0%
Total	0.5	2.8	3.2	6.7	137.5%