Petroleum Jelly Price in Algeria - 2022

Contents:

1. Petroleum Jelly Price in Algeria (CIF) - 2022
2. Petroleum Jelly Price in Algeria (FOB) - 2022
3. Petroleum Jelly Imports in Algeria
4. Petroleum Jelly Exports in Algeria

Petroleum Jelly Price in Algeria (CIF) - 2022

The average petroleum jelly import price stood at $1,327 per ton in 2022, falling by -24.5% against the previous year. In general, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 an increase of 58% against the previous year. Over the period under review, average import prices hit record highs at $2,143 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Belgium ($3,926 per ton), while the price for the United Arab Emirates ($668 per ton) was amongst the lowest.

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

Petroleum Jelly Price in Algeria (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $2,739 per ton, shrinking by -8.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 119%. Over the period under review, the average export prices reached the maximum at $8,308 per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 Niger ($3,643 per ton), while the average price for exports to Mali ($1,000 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 Niger (+3.1%).

Petroleum Jelly Imports in Algeria

After two years of decline, purchases abroad of petroleum jellies increased by 48% to 1.1K tons in 2022. In general, imports, however, saw a abrupt decrease.

In value terms, petroleum jelly imports expanded remarkably to $1.5M in 2022. Overall, imports, however, faced a drastic downturn.

Top Suppliers of Petroleum Jelly to Algeria in 2022:

1. Turkey (524.3 tons)
2. India (184.6 tons)
3. Iran (141.5 tons)
4. Germany (86.3 tons)
5. United Arab Emirates (60.1 tons)
6. Spain (40.8 tons)
7. Belgium (31.9 tons)

Petroleum Jelly Exports in Algeria

For the fourth consecutive year, Algeria recorded growth in overseas shipments of petroleum jellies, which increased by 53% to 23 kg in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, petroleum jelly exports soared to $63 in 2022. Over the period under review, exports, however, saw a deep reduction.

Top Export Markets for Petroleum Jelly from Algeria in 2022:

1. Niger (14.0 kg)
2. Mauritania (8.0 kg)
3. Mali (1.0 kg)

Source: IndexBox Market Intelligence Platform