Petroleum Jelly Price in Israel - 2023

Contents:

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

Petroleum Jelly Price in Israel (CIF) - 2022

The average petroleum jelly import price stood at $2,587 per ton in 2022, jumping by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($2,587 per ton) and the United States ($2,587 per ton), while the price for Canada ($2,587 per ton) and Germany ($2,587 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Israel (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $2,124 per ton, approximately reflecting the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 111% against the previous year. As a result, the export price attained the peak level of $6,363 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($14,209 per ton), while the average price for exports to Romania ($1,971 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 the United States (+0.7%), while the prices for the other major destinations experienced a decline.

Petroleum Jelly Imports in Israel

In 2022, petroleum jelly imports into Israel fell to 799 tons, reducing by -11.6% on 2021. Over the period under review, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of 905 tons, and then declined in the following year.

In value terms, petroleum jelly imports expanded to $2.1M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Petroleum Jelly to Israel in 2022:

1. India (289.1 tons)
2. Germany (272.5 tons)
3. Netherlands (89.7 tons)
4. Canada (80.8 tons)
5. United States (51.4 tons)

Petroleum Jelly Exports in Israel

In 2022, after three years of growth, there was significant decline in shipments abroad of petroleum jellies, when their volume decreased by -22.6% to 16 tons. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 358% against the previous year.

In value terms, petroleum jelly exports contracted markedly to $34K in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 503%.

Top Export Markets for Petroleum Jelly from Israel in 2022:

1. Romania (6.4 tons)
2. Canada (1.5 tons)
3. Greece (0.1 tons)

Source: IndexBox Market Intelligence Platform