Petroleum Jelly Price in Ethiopia - 2022
Contents:
Petroleum Jelly Price in Ethiopia (CIF) - 2022
The average petroleum jelly import price stood at $1,541 per ton in 2022, rising by 20% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $1,600 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,968 per ton), while the price for China ($1,209 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Imports in Ethiopia
In 2022, petroleum jelly imports into Ethiopia declined to 1.6K tons, waning by -11.6% on the year before. In general, imports recorded a dramatic shrinkage. The growth pace was the most rapid in 2021 with an increase of 7%.
In value terms, petroleum jelly imports expanded notably to $2.5M in 2022. Over the period under review, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.
Import of Petroleum Jelly in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 656 | 197 | 448 | 940 | 12.7% |
Germany | 759 | 598 | 210 | 860 | 4.3% |
China | 371 | 216 | 193 | 237 | -13.9% |
India | 1,870 | 662 | 682 | 229 | -50.3% |
Saudi Arabia | 68.4 | 57.3 | 65.0 | 120 | 20.6% |
Turkey | 1,285 | 244 | 430 | 110 | -55.9% |
Iran | 167 | 45.9 | 229 | N/A | 17.1% |
Others | 388 | 94.9 | 108 | 8.8 | -71.7% |
Total | 5,566 | 2,115 | 2,366 | 2,505 | -23.4% |
Top Suppliers of Petroleum Jelly to Ethiopia in 2022:
- United Arab Emirates (736.3 tons)
- Germany (436.8 tons)
- China (196.2 tons)
- India (129.8 tons)
- Saudi Arabia (68.6 tons)
- Turkey (57.1 tons)
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