Petroleum Jelly Price in Japan - 2023
Contents:
- Petroleum Jelly Price in Japan (CIF) - 2023
- Petroleum Jelly Price in Japan (FOB) - 2022
- Petroleum Jelly Imports in Japan
- Petroleum Jelly Exports in Japan
Petroleum Jelly Price in Japan (CIF) - 2023
The average petroleum jelly import price stood at $3,326 per ton in September 2023, with a decrease of -5.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 8.5% m-o-m. The import price peaked at $3,537 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($3,333 per ton), while the price for the Netherlands ($2,930 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Price in Japan (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $9,756 per ton, approximately equating the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly export price decreased by -11.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $11,068 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($16,012 per ton), while the average price for exports to Thailand ($4,760 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 Myanmar (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Imports in Japan
Petroleum jelly imports into Japan soared to 7.8K tons in 2022, with an increase of 28% on the previous year's figure. The total import volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, petroleum jelly imports soared to $24M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Jelly in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.4 | 15.5 | 15.0 | 23.3 | 17.4% |
| Germany | 0.5 | 0.6 | 0.6 | 0.7 | 11.9% |
| Netherlands | 0.4 | 0.4 | 0.4 | 0.3 | -9.1% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 15.4 | 16.4 | 16.1 | 24.4 | 16.6% |
Top Suppliers of Petroleum Jelly to Japan in 2022:
- United States (7.5K tons)
- Germany (0.2K tons)
- Netherlands (0.1K tons)
Petroleum Jelly Exports in Japan
In 2022, after two years of decline, there was significant growth in overseas shipments of petroleum jellies, when their volume increased by 6.4% to 56 tons. In general, exports, however, faced a deep setback.
In value terms, petroleum jelly exports totaled $550K in 2022. Over the period under review, exports, however, saw a abrupt setback.
| Export of Petroleum Jelly in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 211 | 146 | 139 | 141 | -12.6% |
| China | 317 | 325 | 147 | 128 | -26.1% |
| Mexico | 99.4 | 85.5 | 42.4 | 93.2 | -2.1% |
| United States | 16.9 | 243 | 69.6 | 42.5 | 36.0% |
| South Korea | 61.8 | 64.7 | 27.0 | 37.0 | -15.7% |
| Thailand | 69.1 | 40.7 | 55.3 | 21.1 | -32.7% |
| Philippines | 104 | 22.0 | 21.4 | 15.7 | -46.8% |
| Taiwan (Chinese) | 40.5 | N/A | N/A | N/A | 0% |
| Others | 43.8 | 69.2 | 14.1 | 71.8 | 17.9% |
| Total | 963 | 996 | 516 | 550 | -17.0% |
Top Export Markets for Petroleum Jelly from Japan in 2022:
- Vietnam (14.9 tons)
- Mexico (13.1 tons)
- China (9.5 tons)
- United States (5.0 tons)
- Thailand (4.4 tons)
- Philippines (2.5 tons)
- South Korea (2.3 tons)
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