Petroleum Jelly Price in Belgium - 2023

Contents:

1. Petroleum Jelly Price in Belgium (CIF) - 2023
2. Petroleum Jelly Price in Belgium (FOB) - 2022
3. Petroleum Jelly Imports in Belgium
4. Petroleum Jelly Exports in Belgium

Petroleum Jelly Price in Belgium (CIF) - 2023

The average petroleum jelly import price stood at $3,044 per ton in July 2023, increasing by 7.1% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 28% against the previous month. As a result, import price attained the peak level of $3,831 per ton. From November 2022 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($6,150 per ton), while the price for India ($1,943 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Belgium (FOB) - 2022

The average petroleum jelly export price stood at $3,483 per ton in 2022, increasing by 8.7% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly export price increased by +49.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 38% against the previous year. The export price peaked at $4,158 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($5,897 per ton), while the average price for exports to Poland ($2,584 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 Algeria (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Belgium

In 2022, purchases abroad of petroleum jellies was finally on the rise to reach 3.1K tons after two years of decline. Overall, imports, however, continue to indicate a perceptible decline.

In value terms, petroleum jelly imports surged to $9.7M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Jelly to Belgium in 2022:

1. United States (1258.6 tons)
2. Netherlands (1194.0 tons)
3. Germany (319.7 tons)
4. Spain (207.4 tons)
5. France (77.9 tons)
6. India (64.7 tons)
7. United Kingdom (7.0 tons)

Petroleum Jelly Exports in Belgium

In 2022, approx. 1.7K tons of petroleum jellies were exported from Belgium; growing by 6.6% against 2021. In general, exports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2020 when exports increased by 9.2% against the previous year. As a result, the exports reached the peak of 2.1K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, petroleum jelly exports skyrocketed to $5.8M in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Petroleum Jelly from Belgium in 2022:

1. Germany (1038.6 tons)
2. Spain (199.2 tons)
3. Poland (112.9 tons)
4. France (79.5 tons)
5. Portugal (51.1 tons)
6. Rwanda (34.8 tons)
7. Algeria (23.3 tons)

Source: IndexBox Market Intelligence Platform