Petroleum Jelly Price in Luxembourg - 2023

Contents:

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

Petroleum Jelly Price in Luxembourg (CIF) - 2022

The average petroleum jelly import price stood at $6,674 per ton in 2022, declining by -30.5% against the previous year. Over the period under review, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs at $9,601 per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($88,387 per ton), while the price for Belgium ($3,022 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Luxembourg (FOB) - 2022

The average petroleum jelly export price stood at $2,368 per ton in 2022, dropping by -18.3% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 an increase of 648%. Over the period under review, the average export prices attained the peak figure at $28,810 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($17,000 per ton), while the average price for exports to Belgium totaled $1,556 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Luxembourg

In 2022, petroleum jelly imports into Luxembourg soared to 3.5 tons, picking up by 61% on the year before. Overall, imports posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 74%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, petroleum jelly imports expanded notably to $23K in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 115% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Petroleum Jelly in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/A0.18.07900.0%
Belgium3.73.711.47.727.7%
Germany5.74.17.75.5-1.2%
Netherlands1.50.70.20.3-41.5%
Others0.81.21.41.933.4%
Total11.79.720.823.325.8%

Top Suppliers of Petroleum Jelly to Luxembourg in 2022:

  1. Belgium (2548.0 kg)
  2. India (797.0 kg)
  3. Germany (62.0 kg)
  4. Netherlands (23.0 kg)

Petroleum Jelly Exports in Luxembourg

In 2022, shipments abroad of petroleum jellies decreased by -72.5% to 19 kg, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a notable increase. The pace of growth was the most pronounced in 2020 with an increase of 400% against the previous year. As a result, the exports attained the peak of 85 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, petroleum jelly exports fell notably to $45 in 2022. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2020 when exports increased by 65%.

Export of Petroleum Jelly in Luxembourg (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium3.08.047.028.0110.5%
France54.0N/A47.017.0-32.0%
GermanyN/A2.045.0N/A2150.0%
Oman40.014945.0N/A6.1%
OthersN/A1.016.0N/A1500.0%
Total97.016020045.0-22.6%

Top Export Markets for Petroleum Jelly from Luxembourg in 2022:

  1. Belgium (18.0 kg)
  2. France (1.0 kg)

Source: IndexBox Market Intelligence Platform

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