Petroleum Jelly Price in Bulgaria - 2023
Contents:
- Petroleum Jelly Price in Bulgaria (CIF) - 2022
- Petroleum Jelly Price in Bulgaria (FOB) - 2022
- Petroleum Jelly Imports in Bulgaria
- Petroleum Jelly Exports in Bulgaria
Petroleum Jelly Price in Bulgaria (CIF) - 2022
In 2022, the average petroleum jelly import price amounted to $2,426 per ton, growing by 11% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly import price increased by +43.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Croatia ($3,305 per ton), while the price for Turkey ($1,849 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Price in Bulgaria (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $2,591 per ton, increasing by 13% against the previous year. In general, the export price, however, showed a mild descent. The most prominent rate of growth was recorded in 2020 an increase of 24%. The export price peaked at $2,916 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($15,258 per ton), while the average price for exports to Egypt ($2,376 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 Serbia (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Imports in Bulgaria
Petroleum jelly imports into Bulgaria reached 220 tons in 2022, with an increase of 12% on 2021 figures. The total import volume increased at an average annual rate of +1.8% over the period 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 33% against the previous year. As a result, imports attained the peak of 276 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, petroleum jelly imports skyrocketed to $534K in 2022. The total import value increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Jelly in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 167 | 75.3 | 156 | 169 | 0.4% |
| India | 25.7 | 39.9 | 74.6 | 109 | 61.9% |
| Hungary | 111 | 80.7 | 63.3 | 106 | -1.5% |
| Turkey | 9.0 | 7.4 | 48.6 | 79.6 | 106.8% |
| Croatia | 12.6 | 18.0 | 14.4 | 20.8 | 18.2% |
| Russia | 12.4 | 22.1 | N/A | N/A | 78.2% |
| Others | 39.7 | 223 | 73.5 | 49.3 | 7.5% |
| Total | 378 | 466 | 431 | 534 | 12.2% |
Top Suppliers of Petroleum Jelly to Bulgaria in 2022:
- Germany (64.7 tons)
- India (56.8 tons)
- Hungary (44.8 tons)
- Turkey (43.1 tons)
- Croatia (6.3 tons)
Petroleum Jelly Exports in Bulgaria
Petroleum jelly exports from Bulgaria soared to 25 tons in 2022, picking up by 42% compared with 2021 figures. Overall, exports showed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 79%. As a result, the exports attained the peak of 36 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, petroleum jelly exports soared to $65K in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 122%. As a result, the exports reached the peak of $80K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Petroleum Jelly in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 36.2 | 54.5 | 37.0 | 46.8 | 8.9% |
| Egypt | N/A | N/A | N/A | 10.0 | 0% |
| Serbia | N/A | 25.9 | N/A | 3.7 | -62.2% |
| Greece | N/A | N/A | 1.8 | 2.0 | 11.1% |
| Others | N/A | N/A | 1.8 | 2.6 | 44.4% |
| Total | 36.2 | 80.3 | 40.6 | 65.1 | 21.6% |
Top Export Markets for Petroleum Jelly from Bulgaria in 2022:
- North Macedonia (19.4 tons)
- Egypt (4.2 tons)
- Greece (0.8 tons)
- Serbia (0.4 tons)
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