Phenols; Phenol-Alcohols Price in Finland - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Finland (FOB) - 2023
- Phenols; Phenol-Alcohols Price in Finland (CIF) - 2022
- Phenols; Phenol-Alcohols Exports in Finland
- Phenols; Phenol-Alcohols Imports in Finland
Phenols; Phenol-Alcohols Price in Finland (FOB) - 2023
In July 2023, the average phenols; phenol-alcohols export price amounted to $1,081 per ton, dropping by -16.8% against the previous month. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 15% month-to-month. Over the period under review, the average export prices reached the maximum at $2,156 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,545 per ton), while the average price for exports to Belgium ($990 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-3.0%), while the prices for the other major destinations experienced a decline.
Phenols; Phenol-Alcohols Price in Finland (CIF) - 2022
In 2022, the average phenols; phenol-alcohols import price amounted to $2,594 per ton, jumping by 30% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. Over the period under review, average import prices reached the maximum at $4,358 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 the United States ($9,180 per ton), while the price for South Korea ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.3%), while the prices for the other major suppliers experienced a decline.
Phenols; Phenol-Alcohols Exports in Finland
For the fourth consecutive year, Finland recorded growth in overseas shipments of phenols; phenol-alcoholses, which increased by 30% to 171K tons in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, phenols; phenol-alcohols exports soared to $198M in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 72% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Phenols; Phenol-Alcohols in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 21.4 | 31.1 | 45.0 | 68.2 | 47.2% |
| United Kingdom | 33.5 | 23.4 | 47.6 | 55.5 | 18.3% |
| Netherlands | 18.8 | 15.5 | 22.4 | 40.4 | 29.0% |
| Latvia | 5.0 | 3.7 | 6.1 | 9.5 | 23.9% |
| Sweden | 6.4 | 4.7 | 7.7 | 7.8 | 6.8% |
| Poland | 9.6 | 6.7 | 10.8 | 7.6 | -7.5% |
| Norway | 1.6 | 1.3 | 3.1 | 4.3 | 39.0% |
| Germany | 5.0 | 3.0 | 17.4 | 1.1 | -39.6% |
| Others | 5.2 | 5.4 | 2.6 | 3.8 | -9.9% |
| Total | 107 | 94.8 | 163 | 198 | 22.8% |
Top Export Markets for Phenols; Phenol-Alcohols from Finland in 2022:
- Belgium (69.6K tons)
- United Kingdom (41.8K tons)
- Netherlands (35.1K tons)
- Latvia (6.9K tons)
- Poland (6.4K tons)
- Sweden (4.9K tons)
- Norway (2.9K tons)
- Germany (0.5K tons)
Phenols; Phenol-Alcohols Imports in Finland
In 2022, after three years of growth, there was significant decline in supplies from abroad of phenols; phenol-alcoholses, when their volume decreased by -57.2% to 3.4K tons. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 402% against the previous year. As a result, imports reached the peak of 8.1K tons, and then contracted remarkably in the following year.
In value terms, phenols; phenol-alcohols imports reduced remarkably to $8.9M in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 168%.
| Import of Phenols; Phenol-Alcohols in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.9 | 1.5 | 2.1 | 2.8 | 46.0% |
| Russia | N/A | 0.3 | 3.7 | 2.7 | 200.0% |
| China | 0.5 | 1.3 | 0.8 | 1.7 | 50.4% |
| India | 0.7 | 0.9 | 0.6 | 0.8 | 4.6% |
| United States | N/A | 0.5 | N/A | 0.5 | 0.0% |
| Belgium | 0.1 | 0.1 | 3.8 | 0.3 | 44.2% |
| Spain | N/A | 0.1 | 3.8 | N/A | 3700.0% |
| South Korea | 0.3 | 0.5 | N/A | N/A | 66.7% |
| Others | 0.1 | 1.8 | 1.3 | 0.1 | 0.0% |
| Total | 2.6 | 7.0 | 16.1 | 8.9 | 50.7% |
Top Suppliers of Phenols; Phenol-Alcohols to Finland in 2022:
- South Korea (undefined tons)
- Russia (2071.9 tons)
- Germany (771.4 tons)
- China (195.1 tons)
- Belgium (171.6 tons)
- India (162.9 tons)
- United States (51.8 tons)
- Spain (5.7 tons)
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