Petroleum Jelly Price in Mexico - 2023
Contents:
Petroleum Jelly Price in Mexico (CIF) - 2023
In August 2023, the average petroleum jelly import price amounted to $1,926 per ton, surging by 12% against the previous month. Overall, the import price, however, recorded a slight slump. The import price peaked at $2,313 per ton in September 2022; however, from October 2022 to August 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to -1.2% per month.
Petroleum Jelly Imports in Mexico
In 2022, purchases abroad of petroleum jellies decreased by -8.3% to 5.8K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of 6.4K tons, and then contracted in the following year.
In value terms, petroleum jelly imports surged to $12M in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Jelly in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.2 | 9.3 | 9.6 | 11.6 | 12.3% |
| Others | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Total | 8.5 | 9.4 | 9.7 | 11.7 | 11.2% |
Top Suppliers of Petroleum Jelly to Mexico in 2022:
- United States (5.8K tons)
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