Phenols; Phenol-Alcohols Price in Libya - 2022
Contents:
Phenols; Phenol-Alcohols Price in Libya (CIF) - 2022
The average phenols; phenol-alcohols import price stood at $6,066 per ton in 2022, waning by -5.7% against the previous year. Overall, the import price, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2020 an increase of 101%. Over the period under review, average import prices hit record highs at $6,436 per ton in 2021, and then fell in the following year.
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 ($9,036 per ton), while the price for the United Arab Emirates ($3,863 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Phenols; Phenol-Alcohols Imports in Libya
In 2022, purchases abroad of phenols; phenol-alcoholses increased by 52% to 171 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a sharp reduction.
In value terms, phenols; phenol-alcohols imports skyrocketed to $1M in 2022. Over the period under review, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.0% 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 +62.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phenols; Phenol-Alcohols in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 45.6 | 373 | 459 | 605 | 136.7% |
| United Arab Emirates | 128 | 94.6 | 119 | 261 | 26.8% |
| United States | 308 | 162 | 145 | 161 | -19.4% |
| Others | 442 | 9.7 | 2.0 | 13.9 | -68.4% |
| Total | 924 | 639 | 724 | 1,040 | 4.0% |
Top Suppliers of Phenols; Phenol-Alcohols to Libya in 2022:
- United Kingdom (85.0 tons)
- United Arab Emirates (67.5 tons)
- United States (17.8 tons)
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