Petroleum Jelly Price in Vietnam - 2021
Contents:
- Petroleum Jelly Price in Vietnam (CIF) - 2022
- Petroleum Jelly Price in Vietnam (FOB) - 2022
- Petroleum Jelly Imports in Vietnam
- Petroleum Jelly Exports in Vietnam
Petroleum Jelly Price in Vietnam (CIF) - 2022
In 2022, the average petroleum jelly import price amounted to $1,957 per ton, falling by -8.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. The import price peaked at $2,166 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($2,101 per ton) and Japan ($2,037 per ton), while the price for China ($1,452 per ton) and Russia ($1,664 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Price in Vietnam (FOB) - 2022
The average petroleum jelly export price stood at $2,588 per ton in 2022, falling by -10.4% against the previous year. In general, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 82% against the previous year. The export price peaked at $2,888 per ton in 2021, and then reduced in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($2,577 per ton), while the average price for exports to South Korea ($2,150 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 Cambodia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Imports in Vietnam
In 2022, after three years of growth, there was significant decline in purchases abroad of petroleum jellies, when their volume decreased by -5.6% to 1.8K tons. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of 1.9K tons, and then shrank in the following year.
In value terms, petroleum jelly imports reduced to $3.5M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 38%. As a result, imports attained the peak of $4.1M, and then dropped in the following year.
| Import of Petroleum Jelly in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,294 | 988 | 1,481 | 1,100 | -5.3% |
| India | 160 | 254 | 408 | 481 | 44.3% |
| Germany | 330 | 447 | 327 | 335 | 0.5% |
| China | 350 | 300 | 611 | 321 | -2.8% |
| Malaysia | 77.7 | 84.3 | 267 | 247 | 47.0% |
| United Arab Emirates | 75.0 | 79.7 | 246 | 228 | 44.9% |
| Russia | 163 | 139 | 178 | 165 | 0.4% |
| Japan | 290 | 206 | 181 | 117 | -26.1% |
| Others | 393 | 482 | 403 | 546 | 11.6% |
| Total | 3,133 | 2,980 | 4,102 | 3,541 | 4.2% |
Top Suppliers of Petroleum Jelly to Vietnam in 2022:
- South Korea (574.9 tons)
- India (283.6 tons)
- China (221.4 tons)
- Germany (159.3 tons)
- Malaysia (125.1 tons)
- United Arab Emirates (115.5 tons)
- Russia (99.3 tons)
- Japan (57.5 tons)
Petroleum Jelly Exports in Vietnam
In 2022, overseas shipments of petroleum jellies increased by 30% to 2.3 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a precipitous shrinkage.
In value terms, petroleum jelly exports soared to $5.9K in 2022. In general, exports, however, continue to indicate a abrupt shrinkage.
| Export of Petroleum Jelly in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 4.4 | 4.7 | 2.9 | 3.4 | -8.2% |
| Lao People's Democratic Republic | 3.5 | 1.6 | 2.0 | 2.3 | -13.1% |
| New Zealand | 0.6 | 0.2 | 0.1 | 0.1 | -45.0% |
| South Korea | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 8.8 | 6.7 | 5.1 | 5.9 | -12.5% |
Top Export Markets for Petroleum Jelly from Vietnam in 2022:
- Cambodia (1320.0 kg)
- Lao People's Democratic Republic (887.0 kg)
- South Korea (40.0 kg)
- New Zealand (17.0 kg)
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