Petroleum Jelly Price in Bahrain - 2022

Petroleum Jelly Price in Bahrain (CIF) - 2022

The average petroleum jelly import price stood at $5,002 per ton in 2022, dropping by -6.7% against the previous year. Overall, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2013 an increase of 70% against the previous year. The import price peaked at $17,316 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,482 per ton), while the price for Turkey ($1,404 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Bahrain (FOB) - 2022

The average petroleum jelly export price stood at $4,000 per ton in 2022, which is down by -56.2% against the previous year. Overall, the export price, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 64%. As a result, the export price attained the peak level of $9,132 per ton, and then declined significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Seychelles amounted to +2.1% per year.

Petroleum Jelly Imports in Bahrain

In 2022, approx. 5.9 tons of petroleum jellies were imported into Bahrain; picking up by 25% against the previous year's figure. Overall, imports, however, continue to indicate a deep slump.

In value terms, petroleum jelly imports surged to $29K in 2022. In general, imports, however, recorded a deep downturn.

Import of Petroleum Jelly in Bahrain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	17.5	5.2	4.1	23.4	10.2%
Oman	2.7	0.3	1.1	2.5	-2.5%
India	1.2	0.5	0.3	1.3	2.7%
Turkey	0.3	0.1	0.1	0.4	10.1%
South Korea	0.4	0.6	0.6	N/A	22.5%
China	4.0	2.5	2.6	N/A	-19.4%
South Africa	21.1	13.6	14.4	N/A	-17.4%
Saudi Arabia	0.7	0.3	0.3	N/A	-34.5%
Others	5.3	1.7	1.8	1.6	-32.9%
Total	53.0	24.8	25.2	29.3	-17.9%

Top Suppliers of Petroleum Jelly to Bahrain in 2022:

United Arab Emirates (4.4 tons)
Oman (0.7 tons)
Turkey (0.3 tons)
India (0.2 tons)

Petroleum Jelly Exports in Bahrain

In 2022, approx. 454 kg of petroleum jellies were exported from Bahrain; growing by 71% on the previous year. In general, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 118% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, petroleum jelly exports shrank rapidly to $1.8K in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 100% against the previous year. As a result, the exports reached the peak of $2.4K, and then dropped notably in the following year.