Petroleum Jelly Price in Finland - 2023
Contents:
- Petroleum Jelly Price in Finland (CIF) - 2022
- Petroleum Jelly Price in Finland (FOB) - 2022
- Petroleum Jelly Imports in Finland
- Petroleum Jelly Exports in Finland
Petroleum Jelly Price in Finland (CIF) - 2022
In 2022, the average petroleum jelly import price amounted to $4,418 per ton, with a decrease of -3.4% against the previous year. In general, the import price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 86% against the previous year. Over the period under review, average import prices attained the maximum at $4,572 per ton in 2021, and then declined in the following year.
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 Germany ($5,704 per ton), while the price for Sweden ($1,997 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Price in Finland (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $30,911 per ton, increasing by 184% against the previous year. In general, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($135,000 per ton), while the average price for exports to China ($5,411 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 South Korea (+90.0%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Imports in Finland
In 2022, overseas purchases of petroleum jellies decreased by -7.7% to 103 tons, falling for the second year in a row after two years of growth. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 12%. As a result, imports attained the peak of 117 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, petroleum jelly imports declined to $455K in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 26%. As a result, imports reached the peak of $526K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Petroleum Jelly in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 172 | 262 | 204 | 160 | -2.4% |
| Netherlands | 65.7 | 88.3 | 82.1 | 111 | 19.1% |
| United States | 86.7 | 124 | 122 | 96.3 | 3.6% |
| Austria | N/A | 0.7 | 56.5 | 41.2 | 667.2% |
| Sweden | 22.0 | 17.5 | 8.8 | 13.2 | -15.7% |
| Italy | 9.1 | 13.4 | 7.7 | 4.4 | -21.5% |
| Others | 62.5 | 20.3 | 28.7 | 28.9 | -22.7% |
| Total | 418 | 526 | 510 | 455 | 2.9% |
Top Suppliers of Petroleum Jelly to Finland in 2022:
- Netherlands (38.3 tons)
- Germany (28.0 tons)
- United States (18.4 tons)
- Austria (8.0 tons)
- Sweden (6.6 tons)
- Italy (1.8 tons)
Petroleum Jelly Exports in Finland
In 2022, the amount of petroleum jellies exported from Finland shrank remarkably to 2 tons, which is down by -32.5% on the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 196% against the previous year. As a result, the exports reached the peak of 3 tons, and then declined dramatically in the following year.
In value terms, petroleum jelly exports surged to $62K in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 302% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Petroleum Jelly in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.2 | 0.2 | 13.8 | 44.6 | 506.4% |
| China | 1.3 | 1.5 | 10.5 | 3.5 | 39.1% |
| Germany | 0.7 | 0.2 | 0.3 | 1.6 | 31.7% |
| Norway | 4.2 | 1.3 | 3.2 | 1.5 | -29.1% |
| Estonia | 1.5 | 0.6 | 0.5 | 1.3 | -4.7% |
| Belgium | N/A | 1.7 | 1.0 | 0.8 | -31.4% |
| Latvia | 0.6 | N/A | N/A | 0.7 | 5.3% |
| Lithuania | 0.4 | N/A | 0.1 | 0.6 | 14.5% |
| Taiwan (Chinese) | 1.8 | N/A | N/A | N/A | 0% |
| Others | 4.5 | 2.5 | 3.1 | 7.6 | 19.1% |
| Total | 15.3 | 8.1 | 32.4 | 62.2 | 59.6% |
Top Export Markets for Petroleum Jelly from Finland in 2022:
- South Korea (820.0 kg)
- China (644.0 kg)
- Estonia (155.0 kg)
- Latvia (77.0 kg)
- Lithuania (75.0 kg)
- Belgium (49.0 kg)
- Norway (45.0 kg)
- Germany (21.0 kg)
- Taiwan (Chinese) (1.0 kg)
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