Petroleum Jelly Price in Iraq - 2022

Contents:

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

Petroleum Jelly Price in Iraq (FOB) - 2022

The average petroleum jelly export price stood at $723 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1.2%. The export price peaked at $3,273 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -14.0% per year.

Petroleum Jelly Price in Iraq (CIF) - 2022

The average petroleum jelly import price stood at $1,322 per ton in 2022, with an increase of 10% against the previous year. Overall, the import price, however, showed a noticeable setback. The growth pace was the most rapid in 2017 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $2,327 per ton. From 2018 to 2022, the average import prices remained at a 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 the United Arab Emirates ($3,353 per ton), while the price for Iran ($1,137 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.2%), while the prices for the other major suppliers experienced a decline.

Petroleum Jelly Exports in Iraq

After three years of growth, overseas shipments of petroleum jellies decreased by -24.8% to 5.2K tons in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 525% against the previous year.

In value terms, petroleum jelly exports shrank markedly to $3.8M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 440%.

Top Export Markets for Petroleum Jelly from Iraq in 2022:

1. United Arab Emirates (5.2K tons)

Petroleum Jelly Imports in Iraq

Petroleum jelly imports into Iraq shrank markedly to 824 tons in 2022, which is down by -45.2% compared with 2021. Over the period under review, imports recorded a slight reduction. The pace of growth was the most pronounced in 2021 with an increase of 542%. As a result, imports attained the peak of 1.5K tons, and then plummeted in the following year.

In value terms, petroleum jelly imports contracted remarkably to $1.1M in 2022. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 375% against the previous year. As a result, imports reached the peak of $1.8M, and then dropped sharply in the following year.

Top Suppliers of Petroleum Jelly to Iraq in 2022:

1. Iran (665.0 tons)
2. India (120.4 tons)
3. United Arab Emirates (36.5 tons)

Source: IndexBox Market Intelligence Platform