Petroleum Jelly Price in Oman - 2021
Contents:
- Petroleum Jelly Price in Oman (CIF) - 2022
- Petroleum Jelly Price in Oman (FOB) - 2022
- Petroleum Jelly Imports in Oman
- Petroleum Jelly Exports in Oman
Petroleum Jelly Price in Oman (CIF) - 2022
The average petroleum jelly import price stood at $1,296 per ton in 2022, waning by -4.8% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 27%. The import price peaked at $2,356 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the United Arab Emirates ($1,914 per ton), while the price for Turkey ($845 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Petroleum Jelly Price in Oman (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $3,700 per ton, waning by -4.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 67% against the previous year. The export price peaked at $3,885 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for Yemen.
From 2012 to 2022, the rate of growth in terms of prices for Yemen amounted to -4.0% per year.
Petroleum Jelly Imports in Oman
In 2022, petroleum jelly imports into Oman surged to 574 tons, picking up by 29% compared with 2021. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 decreased by -15.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 56%. As a result, imports attained the peak of 681 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, petroleum jelly imports soared to $744K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 48%. As a result, imports reached the peak of $882K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Petroleum Jelly in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 186 | 386 | 205 | 361 | 24.7% |
| United Arab Emirates | 103 | 73.1 | 77.4 | 90.9 | -4.1% |
| Malaysia | 20.6 | 48.3 | 67.6 | 79.4 | 56.8% |
| Turkey | 138 | 213 | 73.7 | 50.2 | -28.6% |
| Tanzania | 0.9 | 3.5 | 12.8 | 24.0 | 198.8% |
| Germany | 52.8 | 101 | 41.1 | 7.3 | -48.3% |
| Others | 94.2 | 56.5 | 129 | 131 | 11.6% |
| Total | 595 | 882 | 607 | 744 | 7.7% |
Top Suppliers of Petroleum Jelly to Oman in 2022:
- India (303.4 tons)
- Malaysia (74.8 tons)
- Turkey (59.4 tons)
- United Arab Emirates (47.5 tons)
- Tanzania (13.4 tons)
- Germany (4.8 tons)
Petroleum Jelly Exports in Oman
Petroleum jelly exports from Oman declined notably to 1.2 tons in 2022, dropping by -40.2% on the previous year. In general, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 411%.
In value terms, petroleum jelly exports dropped markedly to $4.6K in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 624% against the previous year. As a result, the exports attained the peak of $8.1K, and then reduced markedly in the following year.
| Export of Petroleum Jelly in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 4.3 | 1.1 | 7.7 | 2.3 | -18.8% |
| Others | 1.0 | N/A | 0.4 | 2.3 | 32.0% |
| Total | 5.2 | 1.1 | 8.1 | 4.6 | -4.0% |
Top Export Markets for Petroleum Jelly from Oman in 2022:
- Yemen (997.0 kg)
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