Petroleum Jelly Price in Nepal - 2022
Contents:
Petroleum Jelly Price in Nepal (CIF) - 2022
The average petroleum jelly import price stood at $1,964 per ton in 2022, picking up by 4.3% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 62%. The import price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.0% per year.
Petroleum Jelly Imports in Nepal
In 2022, imports of petroleum jellies into Nepal contracted dramatically to 92 tons, which is down by -26.6% compared with the year before. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 5.5%.
In value terms, petroleum jelly imports contracted rapidly to $180K in 2022. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 10%. As a result, imports reached the peak of $236K, and then fell significantly in the following year.
| Import of Petroleum Jelly in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 223 | 214 | 236 | 180 | -6.9% |
| Others | 10.3 | N/A | N/A | 0.2 | -73.1% |
| Total | 234 | 214 | 236 | 180 | -8.4% |
Top Suppliers of Petroleum Jelly to Nepal in 2022:
- India (91.8 tons)
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