Petroleum Jelly Price in Brazil - 2023

Contents:

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

Petroleum Jelly Price in Brazil (CIF) - 2022

In 2022, the average petroleum jelly import price amounted to $3,149 per ton, picking up by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($3,276 per ton) and the UK ($3,074 per ton), while the price for India ($2,347 per ton) and the Netherlands ($2,425 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Brazil (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $3,333 per ton, with an increase of 25% against the previous year. Overall, the export price showed a perceptible expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 85% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($36,000 per ton), while the average price for exports to Uruguay ($1,336 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 Ecuador (+36.8%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Brazil

After three years of growth, supplies from abroad of petroleum jellies decreased by -3.7% to 2.1K tons in 2022. The total import volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 24%.

In value terms, petroleum jelly imports surged to $6.7M in 2022. In general, imports, however, saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Jelly to Brazil in 2022:

1. United States (1531.4 tons)
2. India (277.9 tons)
3. Germany (207.4 tons)
4. Netherlands (50.0 tons)
5. United Kingdom (49.2 tons)

Petroleum Jelly Exports in Brazil

In 2022, shipments abroad of petroleum jellies decreased by -61.8% to 9.4 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a sharp downturn. The growth pace was the most rapid in 2020 when exports increased by 44%. As a result, the exports attained the peak of 229 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, petroleum jelly exports dropped sharply to $31K in 2022. Over the period under review, exports saw a significant decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 35%. As a result, the exports reached the peak of $328K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Petroleum Jelly from Brazil in 2022:

1. United States (undefined tons)
2. Paraguay (8.2 tons)
3. Argentina (0.4 tons)
4. Uruguay (0.3 tons)
5. Peru (0.1 tons)

Source: IndexBox Market Intelligence Platform