Petroleum Jelly Price in New Zealand - 2023

Petroleum Jelly Price in New Zealand (CIF) - 2022

In 2022, the average petroleum jelly import price amounted to $2,126 per ton, declining by -5.8% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly import price decreased by -34.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 49%. As a result, import price reached the peak level of $3,236 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Australia ($4,890 per ton), while the price for the UK ($1,497 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in New Zealand (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $4,287 per ton, dropping by -7.2% against the previous year. Overall, the export price, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 482%. As a result, the export price reached the peak level of $52,182 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cook Islands ($5,422 per ton), while the average price for exports to Vanuatu ($978 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 Tonga (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in New Zealand

In 2022, overseas purchases of petroleum jellies decreased by -1.5% to 375 tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 182%. As a result, imports attained the peak of 439 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, petroleum jelly imports dropped to $798K in 2022. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 165% against the previous year. As a result, imports reached the peak of $1M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Petroleum Jelly in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	3.6	506	387	415	386.7%
Australia	148	212	180	213	12.9%
Germany	82.8	64.7	118	74.2	-3.6%
India	117	58.0	145	61.7	-19.2%
France	N/A	130	0.1	N/A	-99.9%
Others	31.4	42.9	29.3	33.9	2.6%
Total	383	1,014	860	798	27.7%

Top Suppliers of Petroleum Jelly to New Zealand in 2022:

France (undefined tons)
United Kingdom (277.0 tons)
Australia (43.6 tons)
Germany (30.5 tons)
India (17.6 tons)

Petroleum Jelly Exports in New Zealand

Petroleum jelly exports from New Zealand soared to 1.8 tons in 2022, growing by 48% compared with the previous year's figure. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 153% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, petroleum jelly exports surged to $7.8K in 2022. Over the period under review, exports showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 165%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Export of Petroleum Jelly in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cook Islands	2.4	N/A	3.0	4.5	23.3%
Fiji	0.6	0.7	N/A	1.4	32.6%
Australia	N/A	N/A	0.7	1.3	85.7%
Kiribati	N/A	1.5	1.7	0.2	-63.5%
Vanuatu	N/A	N/A	N/A	N/A	0%
Tonga	1.9	N/A	0.1	N/A	-77.1%
Others	N/A	N/A	0.3	0.4	33.3%
Total	4.8	2.2	5.7	7.8	17.6%