Petroleum Jelly Price in Estonia - 2023
Contents:
- Petroleum Jelly Price in Estonia (CIF) - 2022
- Petroleum Jelly Price in Estonia (FOB) - 2022
- Petroleum Jelly Imports in Estonia
- Petroleum Jelly Exports in Estonia
Petroleum Jelly Price in Estonia (CIF) - 2022
In 2022, the average petroleum jelly import price amounted to $1,516 per ton, jumping by 77% against the previous year. Overall, the import price, however, saw a deep contraction. Over the period under review, average import prices reached the peak figure at $2,706 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($5,537 per ton), while the price for Germany ($759 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the prices for the other major suppliers experienced a decline.
Petroleum Jelly Price in Estonia (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $2,794 per ton, dropping by -24.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 54%. The export price peaked at $3,711 per ton in 2021, and then declined rapidly in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uzbekistan ($3,477 per ton) and Ukraine ($2,735 per ton), while the average price for exports to Belarus ($2,565 per ton) and Russia ($2,698 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+0.1%), while the prices for the other major destinations experienced a decline.
Petroleum Jelly Imports in Estonia
Petroleum jelly imports into Estonia fell markedly to 218 tons in 2022, which is down by -71% compared with the previous year. Overall, imports recorded a dramatic contraction. The smallest decline of -10.1% was in 2021.
In value terms, petroleum jelly imports fell rapidly to $331K in 2022. Over the period under review, imports faced a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
| Import of Petroleum Jelly in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.4 | 118 | 187 | 232 | 45.4% |
| Germany | 110 | 119 | 119 | 78.8 | -10.5% |
| Lithuania | 258 | 0.5 | 0.7 | 4.3 | -74.5% |
| Poland | 121 | 13.2 | 31.5 | 1.0 | -79.8% |
| Russia | 409 | 295 | 262 | N/A | -20.0% |
| Others | 8.0 | 8.4 | 44.6 | 15.3 | 24.1% |
| Total | 982 | 554 | 645 | 331 | -30.4% |
Top Suppliers of Petroleum Jelly to Estonia in 2022:
- China (110.2 tons)
- Germany (103.8 tons)
- Lithuania (1.0 tons)
- Poland (0.1 tons)
Petroleum Jelly Exports in Estonia
In 2022, shipments abroad of petroleum jellies was finally on the rise to reach 125 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, petroleum jelly exports soared to $348K in 2022. In general, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Jelly in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 28.8 | 31.6 | 15.5 | 221 | 97.2% |
| Uzbekistan | 33.4 | 6.6 | 1.9 | 60.8 | 22.1% |
| Russia | 16.7 | 24.4 | N/A | 40.4 | 34.2% |
| Ukraine | 126 | 59.3 | 11.1 | 13.9 | -52.0% |
| Others | 7.2 | 2.1 | 0.6 | 12.0 | 18.6% |
| Total | 213 | 124 | 29.1 | 348 | 17.8% |
Top Export Markets for Petroleum Jelly from Estonia in 2022:
- Belarus (86.1 tons)
- Uzbekistan (17.5 tons)
- Russia (15.0 tons)
- Ukraine (5.1 tons)
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