Petroleum Jelly Price in Cameroon - 2022

Contents:

1. Petroleum Jelly Price in Cameroon (CIF) - 2022
2. Petroleum Jelly Price in Cameroon (FOB) - 2022
3. Petroleum Jelly Imports in Cameroon
4. Petroleum Jelly Exports in Cameroon

Petroleum Jelly Price in Cameroon (CIF) - 2022

In 2022, the average petroleum jelly import price amounted to $1,191 per ton, which is down by -5.4% against the previous year. Overall, the import price saw a slight decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 15% against the previous year. The import price peaked at $1,892 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($2,139 per ton), while the price for Nigeria ($188 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 (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Cameroon (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $1,691 per ton, reducing by -16.6% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2014 an increase of 24% against the previous year. The export price peaked at $5,644 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($12,531 per ton), while the average price for exports to Democratic Republic of the Congo ($419 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 Congo (+38.0%), while the prices for the other major destinations experienced a decline.

Petroleum Jelly Imports in Cameroon

Petroleum jelly imports into Cameroon surged to 830 tons in 2022, with an increase of 418% compared with the year before. Overall, imports showed a significant expansion.

In value terms, petroleum jelly imports soared to $988K in 2022. Over the period under review, imports showed a significant expansion.

Top Suppliers of Petroleum Jelly to Cameroon in 2022:

1. India (337.8 tons)
2. Nigeria (315.0 tons)
3. South Africa (56.9 tons)
4. Germany (38.3 tons)
5. Italy (33.3 tons)
6. Turkey (21.0 tons)
7. Netherlands (17.7 tons)

Petroleum Jelly Exports in Cameroon

For the fourth consecutive year, Cameroon recorded growth in overseas shipments of petroleum jellies, which increased by 13% to 982 kg in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +28.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +111.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, petroleum jelly exports contracted to $1.7K in 2022. The total export value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year.

Top Export Markets for Petroleum Jelly from Cameroon in 2022:

1. Democratic Republic of the Congo (535.0 kg)
2. Burkina Faso (398.0 kg)
3. Congo (49.0 kg)

Source: IndexBox Market Intelligence Platform