Petroleum Jelly Price in Kuwait - 2021

Contents:

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

Petroleum Jelly Price in Kuwait (CIF) - 2022

In 2022, the average petroleum jelly import price amounted to $1,659 per ton, shrinking by -5.8% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the peak figure at $3,654 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 ($9,960 per ton), while the price for the UK ($1,094 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Petroleum Jelly Price in Kuwait (FOB) - 2022

In 2021, the average petroleum jelly export price amounted to $7,380 per ton, stabilizing at the previous year. Over the period under review, the export price recorded a significant increase. The pace of growth was the most pronounced in 2017 an increase of 194% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($8,033 per ton), while the average price for exports to the Netherlands totaled $846 per ton.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+40.0%).

Petroleum Jelly Imports in Kuwait

In 2022, the amount of petroleum jellies imported into Kuwait soared to 44 tons, with an increase of 24% on the year before. Overall, imports, however, recorded a sharp slump. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year.

In value terms, petroleum jelly imports skyrocketed to $73K in 2022. Over the period under review, imports, however, showed a dramatic descent.

Top Suppliers of Petroleum Jelly to Kuwait in 2022:

1. United Kingdom (23.1 tons)
2. Saudi Arabia (11.2 tons)
3. Tanzania (5.1 tons)
4. India (3.5 tons)

Petroleum Jelly Exports in Kuwait

Petroleum jelly exports from Kuwait contracted significantly to 21 tons in 2021, which is down by -24% on 2020 figures. In general, exports faced a sharp descent.

In value terms, petroleum jelly exports declined dramatically to $154K in 2021. Overall, exports saw a sharp shrinkage. The smallest decline of -24% was in 2020.

Top Export Markets for Petroleum Jelly from Kuwait in 2022:

1. United Arab Emirates (18.9 tons)
2. Netherlands (0.9 tons)

Source: IndexBox Market Intelligence Platform