Petroleum Jelly Price in Serbia - 2023
Contents:
- Petroleum Jelly Price in Serbia (CIF) - 2022
- Petroleum Jelly Price in Serbia (FOB) - 2022
- Petroleum Jelly Imports in Serbia
- Petroleum Jelly Exports in Serbia
Petroleum Jelly Price in Serbia (CIF) - 2022
The average petroleum jelly import price stood at $2,467 per ton in 2022, increasing by 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4,071 per ton), while the price for India ($2,043 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Price in Serbia (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $2,485 per ton, waning by -6.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $3,752 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($4,164 per ton), while the average price for exports to North Macedonia ($2,034 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 Bosnia and Herzegovina (+0.5%), while the prices for the other major destinations experienced a decline.
Petroleum Jelly Imports in Serbia
In 2022, the amount of petroleum jellies imported into Serbia dropped significantly to 246 tons, with a decrease of -26.4% compared with the previous year's figure. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 11%. As a result, imports attained the peak of 334 tons, and then declined sharply in the following year.
In value terms, petroleum jelly imports declined to $607K in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $667K, and then declined in the following year.
| Import of Petroleum Jelly in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 170 | 159 | 229 | 225 | 9.8% |
| Germany | 173 | 119 | 216 | 180 | 1.3% |
| Hungary | 101 | 135 | 66.1 | 102 | 0.3% |
| Turkey | 36.4 | 56.0 | 59.9 | 67.2 | 22.7% |
| Greece | 15.1 | 14.1 | 18.1 | 20.5 | 10.7% |
| Others | 59.3 | 56.0 | 77.5 | 12.5 | -40.5% |
| Total | 554 | 540 | 667 | 607 | 3.1% |
Top Suppliers of Petroleum Jelly to Serbia in 2022:
- India (110.4 tons)
- Germany (65.1 tons)
- Hungary (32.2 tons)
- Turkey (28.2 tons)
- Greece (5.7 tons)
Petroleum Jelly Exports in Serbia
In 2022, shipments abroad of petroleum jellies was finally on the rise to reach 21 tons after two years of decline. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, petroleum jelly exports skyrocketed to $52K in 2022. Overall, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Jelly in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 2.3 | 0.3 | 3.1 | 26.5 | 125.9% |
| Bosnia and Herzegovina | 27.1 | 17.2 | 14.5 | 14.1 | -19.6% |
| Montenegro | 6.3 | 6.9 | 6.1 | 10.8 | 19.7% |
| Others | 1.5 | 1.8 | 1.6 | 0.4 | -35.6% |
| Total | 37.2 | 26.2 | 25.2 | 51.8 | 11.7% |
Top Export Markets for Petroleum Jelly from Serbia in 2022:
- North Macedonia (13.0 tons)
- Bosnia and Herzegovina (5.2 tons)
- Montenegro (2.6 tons)
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