Petroleum Jelly Price in Denmark - 2023

Contents:

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

Petroleum Jelly Price in Denmark (CIF) - 2023

The average petroleum jelly import price stood at $2,296 per ton in July 2023, shrinking by -40.8% against the previous month. Over the period under review, the import price saw a pronounced contraction. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 114% month-to-month. Over the period under review, average import prices attained the maximum at $6,491 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,854 per ton), while the price for Germany stood at $2,068 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (0.0%), while the prices for the other major suppliers experienced a decline.

Petroleum Jelly Price in Denmark (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $5,969 per ton, falling by -26.4% against the previous year. Over the period under review, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 452%. As a result, the export price attained the peak level of $20,007 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Faroe Islands ($11,496 per ton), while the average price for exports to Germany ($817 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 Norway (+1.4%), while the prices for the other major destinations experienced a decline.

Petroleum Jelly Imports in Denmark

In 2022, overseas purchases of petroleum jellies decreased by -5.2% to 300 tons, falling for the second year in a row after two years of growth. Overall, imports saw a slight contraction. The pace of growth appeared the most rapid in 2020 with an increase of 6.8%. As a result, imports attained the peak of 332 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, petroleum jelly imports expanded significantly to $862K in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Petroleum Jelly in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany5225085626024.9%
Netherlands10911749.521124.6%
IndiaN/AN/A13.615.312.5%
Others17.651.015533.624.1%
Total64867678086210.0%

Top Suppliers of Petroleum Jelly to Denmark in 2022:

  1. Germany (228.4 tons)
  2. Netherlands (60.2 tons)
  3. India (5.7 tons)

Petroleum Jelly Exports in Denmark

In 2022, shipments abroad of petroleum jellies decreased by -1.1% to 4.5 tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 44%. As a result, the exports attained the peak of 5.8 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, petroleum jelly exports reduced rapidly to $27K in 2022. Over the period under review, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 1.9%.

Export of Petroleum Jelly in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greenland8.318.920.313.818.5%
Faroe Islands4.24.68.76.415.1%
Sweden1.90.92.64.735.2%
Norway60.22.61.61.5-70.8%
GermanyN/AN/AN/A0.20%
ThailandN/A1.81.6N/A-11.1%
IcelandN/A2.5N/AN/A0%
Czech Republic3.53.91.8N/A-28.3%
Others2.30.90.30.3-49.3%
Total80.536.236.926.9-30.6%

Top Export Markets for Petroleum Jelly from Denmark in 2022:

  1. Greenland (1715.0 kg)
  2. Sweden (1706.0 kg)
  3. Faroe Islands (559.0 kg)
  4. Norway (266.0 kg)
  5. Germany (202.0 kg)

Source: IndexBox Market Intelligence Platform

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