Phenols; Phenol-Alcohols Price in South Africa - 2023
Contents:
- Phenols; Phenol-Alcohols Price in South Africa (FOB) - 2023
- Phenols; Phenol-Alcohols Price in South Africa (CIF) - 2022
- Phenols; Phenol-Alcohols Exports in South Africa
- Phenols; Phenol-Alcohols Imports in South Africa
Phenols; Phenol-Alcohols Price in South Africa (FOB) - 2023
In September 2023, the average phenols; phenol-alcohols export price amounted to $1,095 per ton, with an increase of 21% against the previous month. Over the period under review, the export price, however, continues to indicate a slight shrinkage. Over the period under review, the average export prices hit record highs at $1,352 per ton in September 2022; however, from October 2022 to September 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 Belgium ($1,498 per ton), while the average price for exports to Samoa ($796 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 Malaysia (-1.3%), while the prices for the other major destinations experienced a decline.
Phenols; Phenol-Alcohols Price in South Africa (CIF) - 2022
In 2022, the average phenols; phenol-alcohols import price amounted to $4,348 per ton, picking up by 18% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $4,994 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($13,281 per ton), while the price for Taiwan (Chinese) ($2,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Exports in South Africa
Phenols; phenol-alcohols exports from South Africa reduced to 33K tons in 2022, shrinking by -6.8% on 2021 figures. Over the period under review, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year.
In value terms, phenols; phenol-alcohols exports expanded rapidly to $48M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 63%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Phenols; Phenol-Alcohols in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 22.0 | 11.0 | 27.4 | 29.1 | 9.8% |
| Belgium | 7.0 | 9.1 | 7.5 | 8.2 | 5.4% |
| Taiwan (Chinese) | 3.5 | 2.5 | 2.6 | 3.0 | -5.0% |
| Brazil | 1.8 | 0.9 | 1.4 | 1.5 | -5.9% |
| New Zealand | 0.9 | 0.5 | 0.8 | 1.2 | 10.1% |
| Egypt | 0.5 | 0.1 | 0.8 | 1.1 | 30.1% |
| Argentina | 1.1 | 0.5 | 0.7 | 0.7 | -14.0% |
| Others | 2.5 | 2.6 | 3.3 | 3.2 | 8.6% |
| Total | 39.2 | 27.2 | 44.4 | 48.1 | 7.1% |
Top Export Markets for Phenols; Phenol-Alcohols from South Africa in 2022:
- India (22.5K tons)
- Belgium (4.2K tons)
- Brazil (1.3K tons)
- Taiwan (Chinese) (1.2K tons)
- New Zealand (1.0K tons)
- Egypt (0.9K tons)
- Argentina (0.6K tons)
Phenols; Phenol-Alcohols Imports in South Africa
In 2022, after three years of growth, there was decline in overseas purchases of phenols; phenol-alcoholses, when their volume decreased by -2.5% to 2.2K tons. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year.
In value terms, phenols; phenol-alcohols imports surged to $9.4M in 2022. The total import value increased at an average annual rate of +14.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 23%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Phenols; Phenol-Alcohols in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,234 | 1,053 | 1,815 | 2,040 | 18.2% |
| France | 45.0 | 922 | 1,654 | 1,764 | 239.7% |
| China | 454 | 639 | 871 | 1,374 | 44.6% |
| India | 629 | 902 | 762 | 724 | 4.8% |
| Japan | 2,312 | 2,166 | 806 | 657 | -34.3% |
| Germany | 738 | 710 | 762 | 648 | -4.2% |
| Indonesia | N/A | 24.2 | 24.5 | 620 | 406.2% |
| United States | 58.1 | 115 | 280 | 490 | 103.6% |
| South Korea | 79.4 | 52.3 | 83.4 | 249 | 46.4% |
| Belgium | 11.3 | 0.5 | 46.5 | 221 | 169.4% |
| Netherlands | 130 | 128 | 655 | 176 | 10.6% |
| Others | 538 | 934 | 366 | 424 | -7.6% |
| Total | 6,229 | 7,647 | 8,126 | 9,386 | 14.6% |
Top Suppliers of Phenols; Phenol-Alcohols to South Africa in 2022:
- Taiwan (Chinese) (991.5 tons)
- France (278.9 tons)
- Indonesia (252.7 tons)
- China (183.1 tons)
- Germany (87.7 tons)
- Japan (65.1 tons)
- India (54.5 tons)
- Netherlands (51.3 tons)
- United States (50.3 tons)
- Belgium (40.3 tons)
- South Korea (34.6 tons)
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