Petroleum Jelly Price in Argentina - 2023

Contents:

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

Petroleum Jelly Price in Argentina (CIF) - 2022

The average petroleum jelly import price stood at $2,430 per ton in 2022, with an increase of 7.8% against the previous year. Overall, the import price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $3,381 per ton in 2012; however, from 2013 to 2022, 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 the United States ($3,949 per ton), while the price for India ($2,094 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Petroleum Jelly Price in Argentina (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $1,564 per ton, increasing by 22% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2015 an increase of 162%. As a result, the export price reached the peak level of $9,577 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uruguay.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +13.4% per year.

Petroleum Jelly Imports in Argentina

In 2022, overseas purchases of petroleum jellies decreased by -1.3% to 477 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 137% against the previous year. As a result, imports attained the peak of 485 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, petroleum jelly imports rose significantly to $1.2M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 94%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Petroleum Jelly to Argentina in 2022:

1. Germany (226.5 tons)
2. India (218.2 tons)
3. United States (31.3 tons)
4. Brazil (0.5 tons)

Petroleum Jelly Exports in Argentina

In 2022, after three years of growth, there was significant decline in overseas shipments of petroleum jellies, when their volume decreased by -43.3% to 8.6 tons. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 605% against the previous year. As a result, the exports reached the peak of 15 tons, and then contracted dramatically in the following year.

In value terms, petroleum jelly exports shrank dramatically to $14K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 162% against the previous year. As a result, the exports attained the peak of $20K, and then contracted significantly in the following year.

Top Export Markets for Petroleum Jelly from Argentina in 2022:

1. Uruguay (8.6 tons)

Source: IndexBox Market Intelligence Platform