Petroleum Jelly Price in the United Arab Emirates - 2021
Contents:
- Petroleum Jelly Price in the United Arab Emirates (CIF) - 2022
- Petroleum Jelly Price in the United Arab Emirates (FOB) - 2022
- Petroleum Jelly Imports in the United Arab Emirates
- Petroleum Jelly Exports in the United Arab Emirates
Petroleum Jelly Price in the United Arab Emirates (CIF) - 2022
The average petroleum jelly import price stood at $1,462 per ton in 2022, waning by -9.5% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $3,814 per ton. From 2014 to 2022, the average 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 South Africa ($3,252 per ton), while the price for India ($1,341 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 (-2.9%), while the prices for the other major suppliers experienced a decline.
Petroleum Jelly Price in the United Arab Emirates (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $967 per ton, dropping by -11.3% against the previous year. Over the period under review, the export price recorded a perceptible reduction. The growth pace was the most rapid in 2015 an increase of 31%. Over the period under review, the average export prices attained the peak figure at $1,737 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($2,049 per ton), while the average price for exports to Myanmar ($289 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 Jordan (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Imports in the United Arab Emirates
In 2022, overseas purchases of petroleum jellies were finally on the rise to reach 5.2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt contraction.
In value terms, petroleum jelly imports expanded remarkably to $7.7M in 2022. Overall, imports, however, saw a deep reduction.
| Import of Petroleum Jelly in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.6 | 5.7 | 6.1 | 6.2 | -6.6% |
| South Africa | 0.7 | 0.5 | 0.2 | 0.7 | 0.0% |
| Tanzania | 0.6 | 1.8 | 0.3 | 0.5 | -5.9% |
| Others | 1.2 | 0.5 | 0.3 | 0.3 | -37.0% |
| Total | 10.0 | 8.5 | 6.9 | 7.7 | -8.3% |
Top Suppliers of Petroleum Jelly to the United Arab Emirates in 2022:
- India (4.7K tons)
- Tanzania (0.3K tons)
- South Africa (0.2K tons)
Petroleum Jelly Exports in the United Arab Emirates
In 2022, approx. 15K tons of petroleum jellies were exported from the United Arab Emirates; reducing by -12.4% on the previous year's figure. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 +49.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, the exports attained the peak of 17K tons, and then declined in the following year.
In value terms, petroleum jelly exports shrank markedly to $15M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +6.1% 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 +40.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 80%. As a result, the exports reached the peak of $19M, and then declined remarkably in the following year.
| Export of Petroleum Jelly in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | 0.1 | 0.4 | 0.1 | 1.6 | 152.0% |
| Turkey | N/A | N/A | 0.8 | 1.4 | 75.0% |
| Egypt | 0.1 | 0.2 | 0.1 | 0.9 | 108.0% |
| Jordan | 0.1 | 0.3 | 0.1 | 0.7 | 91.3% |
| South Africa | N/A | N/A | N/A | 0.5 | 0% |
| Myanmar | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Rwanda | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Thailand | 1.1 | 0.1 | 0.4 | N/A | -39.7% |
| Nigeria | 6.4 | 5.9 | 11.1 | N/A | 31.7% |
| Senegal | 0.6 | 1.4 | 1.7 | N/A | 68.3% |
| Ethiopia | 0.5 | 0.2 | 0.5 | N/A | 0.0% |
| Indonesia | 0.3 | 0.3 | 0.5 | N/A | 29.1% |
| Afghanistan | 1.4 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 1.4 | 3.4 | 8.9 | 67.3% |
| Total | 12.3 | 10.5 | 18.9 | 14.7 | 6.1% |
Top Export Markets for Petroleum Jelly from the United Arab Emirates in 2022:
- Turkey (2.5K tons)
- Togo (2.3K tons)
- Myanmar (1.5K tons)
- South Africa (0.5K tons)
- Egypt (0.5K tons)
- Jordan (0.3K tons)
- Rwanda (0.2K tons)
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