Petroleum Jelly Price in Kenya - 2021
Contents:
- Petroleum Jelly Price in Kenya (CIF) - 2022
- Petroleum Jelly Price in Kenya (FOB) - 2022
- Petroleum Jelly Imports in Kenya
- Petroleum Jelly Exports in Kenya
Petroleum Jelly Price in Kenya (CIF) - 2022
The average petroleum jelly import price stood at $1,117 per ton in 2022, dropping by -4.4% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $2,715 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,175 per ton), while the price for Iran ($467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (-5.7%), while the prices for the other major suppliers experienced a decline.
Petroleum Jelly Price in Kenya (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $2,186 per ton, falling by -14.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 55% against the previous year. As a result, the export price reached the peak level of $2,551 per ton, and then dropped in the following year.
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 Malawi ($7,126 per ton), while the average price for exports to Rwanda ($616 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 Malawi (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Imports in Kenya
After three years of growth, supplies from abroad of petroleum jellies decreased by -17.1% to 810 tons in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports reached the peak of 977 tons, and then plummeted in the following year.
In value terms, petroleum jelly imports shrank notably to $905K in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. As a result, imports attained the peak of $1.1M, and then fell markedly in the following year.
| Import of Petroleum Jelly in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 226 | 349 | 493 | 782 | 51.3% |
| Uganda | 243 | 10.3 | 187 | 38.1 | -46.1% |
| India | 25.0 | 61.0 | 120 | 25.4 | 0.5% |
| Netherlands | 96.7 | 86.3 | 107 | 21.7 | -39.2% |
| Turkey | 48.4 | 44.1 | 54.9 | 11.5 | -38.1% |
| Iran | 51.7 | 38.1 | 41.2 | 9.6 | -42.9% |
| South Africa | 42.3 | 24.9 | 13.5 | 2.7 | -60.0% |
| Others | 51.8 | 54.3 | 125 | 13.7 | -35.8% |
| Total | 784 | 668 | 1,142 | 905 | 4.9% |
Top Suppliers of Petroleum Jelly to Kenya in 2022:
- Tanzania (666.2 tons)
- Uganda (38.5 tons)
- India (27.0 tons)
- Netherlands (23.1 tons)
- Iran (20.5 tons)
- Turkey (18.3 tons)
- South Africa (2.3 tons)
Petroleum Jelly Exports in Kenya
In 2022, the amount of petroleum jellies exported from Kenya contracted sharply to 143 tons, dropping by -17.6% compared with the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 57%. As a result, the exports reached the peak of 174 tons, and then fell rapidly in the following year.
In value terms, petroleum jelly exports declined rapidly to $312K in 2022. Overall, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 143%. As a result, the exports reached the peak of $443K, and then dropped rapidly in the following year.
| Export of Petroleum Jelly in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 90.8 | 96.6 | 152 | 98.4 | 2.7% |
| Tanzania | 8.1 | 2.3 | 71.5 | 77.8 | 112.6% |
| Democratic Republic of the Congo | 7.2 | 5.1 | 109 | 61.2 | 104.1% |
| Sudan | 19.3 | 18.4 | 26.1 | 15.2 | -7.7% |
| Ethiopia | 38.2 | 5.7 | 12.2 | 12.4 | -31.3% |
| Djibouti | 0.5 | 0.8 | 7.5 | 12.4 | 191.6% |
| Rwanda | 39.8 | 15.1 | 16.9 | 7.8 | -41.9% |
| Uganda | 4.7 | 8.5 | 11.5 | 6.5 | 11.4% |
| United Arab Emirates | 8.5 | 8.4 | 11.4 | 6.4 | -9.0% |
| Zambia | 9.5 | 7.7 | 9.3 | 4.6 | -21.5% |
| Burundi | 3.9 | 3.6 | 4.8 | 2.7 | -11.5% |
| South Sudan | 2.6 | 1.2 | 0.4 | 1.0 | -27.3% |
| Others | 8.5 | 8.7 | 9.9 | 6.1 | -10.5% |
| Total | 242 | 182 | 443 | 312 | 8.8% |
Top Export Markets for Petroleum Jelly from Kenya in 2022:
- Democratic Republic of the Congo (50.7 tons)
- Tanzania (24.3 tons)
- Malawi (13.8 tons)
- Rwanda (12.7 tons)
- Uganda (9.9 tons)
- Sudan (5.7 tons)
- Djibouti (5.7 tons)
- United Arab Emirates (5.0 tons)
- Ethiopia (4.8 tons)
- Burundi (3.7 tons)
- Zambia (3.2 tons)
- South Sudan (1.7 tons)
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