Petroleum Jelly Price in Belarus - 2022

Contents:

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

Petroleum Jelly Price in Belarus (CIF) - 2022

The average petroleum jelly import price stood at $625 per ton in April 2021, dropping by -35.4% against the previous month. Overall, the import price recorded a sharp reduction. The most prominent rate of growth was recorded in March 2021 when the average import price increased by 25% month-to-month. The import price peaked at $2,143 per ton in January 2021; however, from February 2021 to April 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From January 2021 to April 2021, the rate of growth in terms of prices for Germany amounted to 0.0% per month.

Petroleum Jelly Price in Belarus (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $610 per ton, remaining stable against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The export price peaked at $1,125 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -5.3% per year.

Petroleum Jelly Imports in Belarus

Petroleum jelly imports into Belarus contracted markedly to 1.4K tons in 2022, waning by -17.2% compared with 2021. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of 1.7K tons, and then reduced markedly in the following year.

In value terms, petroleum jelly imports dropped markedly to $1.4M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.0% 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 +36.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of $1.7M, and then reduced dramatically in the following year.

Top Suppliers of Petroleum Jelly to Belarus in 2022:

1. Russia (1328.4 tons)
2. Germany (91.5 tons)

Petroleum Jelly Exports in Belarus

In 2022, shipments abroad of petroleum jellies was finally on the rise to reach 95 tons after two years of decline. In general, exports, however, faced a precipitous descent.

In value terms, petroleum jelly exports soared to $58K in 2022. Overall, exports, however, saw a sharp slump.

Top Export Markets for Petroleum Jelly from Belarus in 2022:

1. Russia (94.7 tons)

Source: IndexBox Market Intelligence Platform