Petroleum Jelly Price in Tanzania - 2022
Contents:
- Petroleum Jelly Price in Tanzania (FOB) - 2022
- Petroleum Jelly Price in Tanzania (CIF) - 2022
- Petroleum Jelly Exports in Tanzania
- Petroleum Jelly Imports in Tanzania
Petroleum Jelly Price in Tanzania (FOB) - 2022
The average petroleum jelly export price stood at $2,307 per ton in 2022, growing by 71% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum jelly export price increased by +86.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 78%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Angola ($2,695 per ton) and Zambia ($2,610 per ton), while the average price for exports to Burundi ($1,871 per ton) and Rwanda ($1,876 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Price in Tanzania (CIF) - 2022
The average petroleum jelly import price stood at $3,018 per ton in 2022, growing by 105% against the previous year. Overall, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of 115%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 Korea ($3,708 per ton), while the price for South Africa ($1,106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+45.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Exports in Tanzania
In 2022, petroleum jelly exports from Tanzania skyrocketed to 11K tons, picking up by 273% compared with the previous year. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, petroleum jelly exports soared to $25M in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Jelly in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 556 | 549 | 816 | 4,996 | 107.9% |
| Rwanda | 554 | 243 | 445 | 3,458 | 84.1% |
| Malawi | 802 | 545 | 649 | 3,354 | 61.1% |
| Democratic Republic of the Congo | 586 | 462 | 532 | 2,453 | 61.2% |
| Mozambique | 264 | 263 | 317 | 1,963 | 95.2% |
| Burundi | 487 | 299 | 256 | 1,917 | 57.9% |
| Angola | 71.0 | N/A | 264 | 1,544 | 179.1% |
| Madagascar | 115 | 94.5 | 147 | 1,165 | 116.4% |
| Zambia | 480 | 295 | 268 | 1,146 | 33.7% |
| Others | 117 | 111 | 232 | 2,954 | 193.4% |
| Total | 4,032 | 2,860 | 3,924 | 24,952 | 83.6% |
Top Export Markets for Petroleum Jelly from Tanzania in 2022:
- Kenya (2.0K tons)
- Rwanda (1.8K tons)
- Malawi (1.4K tons)
- Democratic Republic of the Congo (1.0K tons)
- Burundi (1.0K tons)
- Mozambique (0.8K tons)
- Angola (0.6K tons)
- Madagascar (0.5K tons)
- Zambia (0.4K tons)
Petroleum Jelly Imports in Tanzania
For the fourth year in a row, Tanzania recorded growth in overseas purchases of petroleum jellies, which increased by 13% to 183 tons in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 105%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, petroleum jelly imports skyrocketed to $553K in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Jelly in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 45.9 | 10.3 | 0.1 | 467 | 116.7% |
| India | 3.5 | 54.1 | 52.1 | 53.7 | 148.5% |
| South Korea | N/A | N/A | 7.8 | 21.1 | 170.5% |
| United Arab Emirates | 6.8 | 29.4 | 26.0 | 7.6 | 3.8% |
| Malawi | 28.7 | N/A | N/A | N/A | 0% |
| Senegal | 38.2 | 82.9 | 92.2 | N/A | 55.4% |
| Netherlands | N/A | N/A | 57.0 | N/A | 0% |
| Others | 24.1 | N/A | 4.4 | 2.7 | -51.8% |
| Total | 147 | 177 | 240 | 553 | 55.5% |
Top Suppliers of Petroleum Jelly to Tanzania in 2022:
- Kenya (137.8 tons)
- India (33.3 tons)
- South Korea (5.7 tons)
- United Arab Emirates (3.8 tons)
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