Phenols; Phenol-Alcohols Price in India - 2023
Contents:
- Phenols; Phenol-Alcohols Price in India (CIF) - 2022
- Phenols; Phenol-Alcohols Price in India (FOB) - 2023
- Phenols; Phenol-Alcohols Imports in India
- Phenols; Phenol-Alcohols Exports in India
Phenols; Phenol-Alcohols Price in India (CIF) - 2022
The average phenols; phenol-alcohols import price stood at $2,129 per ton in 2022, with an increase of 11% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phenols; phenol-alcohols import price increased by +30.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,821 per ton), while the price for Saudi Arabia ($1,462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in India (FOB) - 2023
In September 2023, the average phenols; phenol-alcohols export price amounted to $4,212 per ton, approximately mirroring the previous month. Overall, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in February 2023 an increase of 13% m-o-m. Over the period under review, the average export prices attained the maximum at $5,842 per ton in October 2022; however, from November 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the Netherlands ($7,674 per ton), while the average price for exports to Iran ($1,018 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Phenols; Phenol-Alcohols Imports in India
Phenols; phenol-alcohols imports into India fell to 367K tons in 2022, which is down by -14.5% against the year before. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of 429K tons, and then declined in the following year.
In value terms, phenols; phenol-alcohols imports dropped to $781M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 74% against the previous year. As a result, imports attained the peak of $822M, and then shrank in the following year.
| Import of Phenols; Phenol-Alcohols in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 114 | 105 | 267 | 181 | 16.7% |
| Thailand | 73.6 | 23.6 | 84.2 | 119 | 17.4% |
| South Korea | 78.0 | 54.6 | 143 | 90.1 | 4.9% |
| United States | 80.7 | 84.3 | 64.0 | 81.5 | 0.3% |
| Taiwan (Chinese) | 46.9 | 27.5 | 60.6 | 74.0 | 16.4% |
| Japan | 55.2 | 64.7 | 47.5 | 65.5 | 5.9% |
| Saudi Arabia | 14.5 | 2.0 | 20.4 | 56.1 | 57.0% |
| South Africa | 27.6 | 15.5 | 28.7 | 36.9 | 10.2% |
| Singapore | 29.0 | 24.6 | 33.2 | 23.1 | -7.3% |
| Others | 77.9 | 70.4 | 73.7 | 54.3 | -11.3% |
| Total | 598 | 472 | 822 | 781 | 9.3% |
Top Suppliers of Phenols; Phenol-Alcohols to India in 2022:
- Thailand (69.6K tons)
- China (67.8K tons)
- South Korea (47.4K tons)
- Taiwan (Chinese) (41.8K tons)
- United States (39.5K tons)
- Saudi Arabia (38.4K tons)
- South Africa (24.4K tons)
- Japan (11.3K tons)
- Singapore (10.9K tons)
Phenols; Phenol-Alcohols Exports in India
In 2022, after three years of growth, there was significant decline in shipments abroad of phenols; phenol-alcoholses, when their volume decreased by -17.6% to 63K tons. The total export volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. As a result, the exports reached the peak of 76K tons, and then fell significantly in the following year.
In value terms, phenols; phenol-alcohols exports amounted to $322M in 2022. The total export value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Phenols; Phenol-Alcohols in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 67.9 | 62.5 | 67.0 | 71.5 | 1.7% |
| South Korea | 10.2 | 7.5 | 19.1 | 27.3 | 38.8% |
| Germany | 27.7 | 25.2 | 25.1 | 23.8 | -4.9% |
| China | 24.0 | 47.1 | 29.4 | 21.5 | -3.6% |
| Japan | 11.9 | 12.8 | 16.6 | 19.7 | 18.3% |
| Netherlands | 15.7 | 13.7 | 19.3 | 16.2 | 1.1% |
| United Arab Emirates | 1.0 | 1.3 | 1.6 | 13.2 | 136.3% |
| Iran | 14.3 | 7.1 | 6.0 | 11.8 | -6.2% |
| Belgium | 15.3 | 18.4 | 11.6 | 11.5 | -9.1% |
| Indonesia | 4.7 | 5.0 | 6.7 | 10.9 | 32.4% |
| Turkey | 1.2 | 2.1 | 26.6 | 6.4 | 74.7% |
| Malaysia | 1.1 | 3.1 | 5.3 | 3.7 | 49.8% |
| Nepal | 1.0 | 0.7 | 1.7 | 2.8 | 40.9% |
| Others | 66.2 | 77.6 | 82.7 | 81.9 | 7.4% |
| Total | 262 | 284 | 319 | 322 | 7.1% |
Top Export Markets for Phenols; Phenol-Alcohols from India in 2022:
- United States (9.5K tons)
- United Arab Emirates (6.9K tons)
- South Korea (5.2K tons)
- Iran (5.1K tons)
- China (4.9K tons)
- Germany (4.4K tons)
- Japan (3.3K tons)
- Netherlands (3.2K tons)
- Turkey (2.6K tons)
- Indonesia (1.6K tons)
- Nepal (1.6K tons)
- Malaysia (1.3K tons)
- Belgium (1.3K tons)
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