Petroleum Jelly Price in Ireland - 2023

Contents:

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

Petroleum Jelly Price in Ireland (CIF) - 2022

The average petroleum jelly import price stood at $2,877 per ton in 2022, remaining constant against the previous year. Overall, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $3,601 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($4,311 per ton), while the price for Germany ($2,726 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%), while the prices for the other major suppliers experienced a decline.

Petroleum Jelly Price in Ireland (FOB) - 2022

The average petroleum jelly export price stood at $3,234 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 60%. As a result, the export price attained the peak level of $6,642 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($3,159 per ton), while the average price for exports to the UK stood at $3,091 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+18.3%), while the prices for the other major destinations experienced a decline.

Petroleum Jelly Imports in Ireland

For the third year in a row, Ireland recorded decline in supplies from abroad of petroleum jellies, which decreased by 0% to 3.4K tons in 2022. In general, imports recorded a perceptible contraction. The smallest decline of -9.6% was in 2020.

In value terms, petroleum jelly imports totaled $9.9M in 2022. Overall, imports continue to indicate a resilient expansion. The smallest decline of -11.3% was in 2020. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Petroleum Jelly to Ireland in 2022:

1. Germany (2797.7 tons)
2. Netherlands (186.5 tons)
3. United States (170.6 tons)
4. Japan (109.5 tons)
5. Belgium (104.6 tons)
6. United Kingdom (55.1 tons)

Petroleum Jelly Exports in Ireland

In 2022, shipments abroad of petroleum jellies decreased by 0% to 20 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 27%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, petroleum jelly exports stood at $64K in 2022. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of $89K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Petroleum Jelly from Ireland in 2022:

1. United Kingdom (16.1 tons)
2. Bulgaria (2.4 tons)

Source: IndexBox Market Intelligence Platform