Petroleum Jelly Price in South Africa - 2023
Contents:
- Petroleum Jelly Price in South Africa (FOB) - 2022
- Petroleum Jelly Price in South Africa (CIF) - 2022
- Petroleum Jelly Exports in South Africa
- Petroleum Jelly Imports in South Africa
Petroleum Jelly Price in South Africa (FOB) - 2022
The average petroleum jelly export price stood at $2,396 per ton in 2022, rising by 24% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +94.0% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Botswana ($4,547 per ton), while the average price for exports to Zambia ($1,209 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 Botswana (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Price in South Africa (CIF) - 2022
In 2022, the average petroleum jelly import price amounted to $1,783 per ton, which is down by -45.7% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. The import price peaked at $3,462 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Lesotho ($9,045 per ton), while the price for the United Arab Emirates ($1,421 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Exports in South Africa
In 2022, exports of petroleum jellies from South Africa declined rapidly to 4.2K tons, with a decrease of -28.5% compared with 2021. Overall, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, the exports attained the peak of 5.8K tons, and then declined remarkably in the following year.
In value terms, petroleum jelly exports reduced to $10M in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, the exports reached the peak of $11M, and then dropped in the following year.
| Export of Petroleum Jelly in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 1,515 | 1,730 | 2,117 | 4,047 | 38.8% |
| Namibia | 559 | 967 | 1,086 | 1,543 | 40.3% |
| Botswana | 692 | 838 | 589 | 658 | -1.7% |
| Zambia | 1,480 | 577 | 616 | 565 | -27.5% |
| United Arab Emirates | 412 | 1,144 | 2,066 | 554 | 10.4% |
| Swaziland | 454 | 251 | 301 | 449 | -0.4% |
| Lesotho | 638 | 459 | 618 | 398 | -14.6% |
| Nigeria | 1,004 | 1,470 | 2,687 | 363 | -28.8% |
| Mozambique | 221 | 73.3 | 285 | 349 | 16.5% |
| Angola | 42.5 | 156 | 101 | 258 | 82.4% |
| Cote d'Ivoire | N/A | 63.0 | 187 | 231 | 91.5% |
| Democratic Republic of the Congo | 547 | 9.5 | 15.6 | 201 | -28.4% |
| Malawi | 323 | 201 | 125 | 10.8 | -67.8% |
| Others | 670 | 449 | 514 | 379 | -17.3% |
| Total | 8,557 | 8,388 | 11,308 | 10,005 | 5.3% |
Top Export Markets for Petroleum Jelly from South Africa in 2022:
- Zimbabwe (1772.8 tons)
- Namibia (495.4 tons)
- Zambia (466.9 tons)
- United Arab Emirates (257.2 tons)
- Nigeria (200.6 tons)
- Mozambique (158.6 tons)
- Botswana (144.7 tons)
- Angola (140.5 tons)
- Cote d'Ivoire (126.0 tons)
- Swaziland (120.9 tons)
- Lesotho (119.3 tons)
- Democratic Republic of the Congo (61.8 tons)
- Malawi (5.6 tons)
Petroleum Jelly Imports in South Africa
Petroleum jelly imports into South Africa soared to 1.6K tons in 2022, jumping by 363% against the previous year. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, petroleum jelly imports soared to $2.9M in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Jelly in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.7 | 85.4 | 364 | 1,799 | 421.3% |
| South Korea | 132 | 160 | 238 | 252 | 24.1% |
| China | 29.7 | 36.4 | 132 | 209 | 91.6% |
| United Kingdom | 69.2 | 75.2 | 223 | 195 | 41.2% |
| United Arab Emirates | 41.6 | 112 | 0.7 | 161 | 57.0% |
| Germany | 36.9 | 51.3 | 84.3 | 148 | 58.9% |
| Netherlands | 123 | 31.4 | 53.8 | 48.0 | -26.9% |
| Others | 37.3 | 121 | 61.2 | 100 | 38.9% |
| Total | 483 | 673 | 1,157 | 2,912 | 82.0% |
Top Suppliers of Petroleum Jelly to South Africa in 2022:
- India (1150.6 tons)
- China (121.2 tons)
- United Arab Emirates (113.0 tons)
- South Korea (104.2 tons)
- United Kingdom (50.4 tons)
- Germany (39.5 tons)
- Netherlands (18.5 tons)
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