Petroleum Jelly Price in Peru - 2021

Petroleum Jelly Price in Peru (CIF) - 2021

The average petroleum jelly import price stood at $1,631 per ton in April 2020, reducing by -7.9% against the previous month. Over the period from January 2020 to April 2020, it increased at an average monthly rate of +3.3%. The growth pace was the most rapid in February 2020 when the average import price increased by 47% m-o-m. As a result, import price attained the peak level of $2,174 per ton. From March 2020 to April 2020, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,148 per ton), while the price for India ($1,089 per ton) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Petroleum Jelly Price in Peru (FOB) - 2022

The average petroleum jelly export price stood at $4,493 per ton in 2022, which is down by -1.8% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly export price increased by +48.5% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $4,576 per ton in 2021, and then shrank slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to +4.8% per year.

Petroleum Jelly Imports in Peru

In 2022, after three years of growth, there was decline in purchases abroad of petroleum jellies, when their volume decreased by -2.2% to 839 tons. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year.

In value terms, petroleum jelly imports reduced to $1.7M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 increased by +44.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $2M, and then contracted in the following year.

Import of Petroleum Jelly in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	443	665	901	790	21.3%
Germany	510	565	683	599	5.5%
India	205	249	375	328	17.0%
Others	33.0	0.6	7.7	6.2	-42.7%
Total	1,190	1,480	1,966	1,723	13.1%

Top Suppliers of Petroleum Jelly to Peru in 2022:

United States (300.5 tons)
Germany (295.3 tons)
India (239.5 tons)

Petroleum Jelly Exports in Peru

After three years of growth, shipments abroad of petroleum jellies decreased by -6.1% to 7.1 tons in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 65%.

In value terms, petroleum jelly exports reduced to $32K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 74% against the previous year.