Phenols; Phenol-Alcohols Price in the United States - 2023
Contents:
- Phenols; Phenol-Alcohols Price in the United States (FOB) - 2022
- Phenols; Phenol-Alcohols Price in the United States (CIF) - 2023
- Phenols; Phenol-Alcohols Exports in the United States
- Phenols; Phenol-Alcohols Imports in the United States
Phenols; Phenol-Alcohols Price in the United States (FOB) - 2022
The average phenols; phenol-alcohols export price stood at $1,438 per ton in 2022, dropping by -14.7% against the previous year. In general, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 23%. Over the period under review, the average export prices reached the maximum at $1,902 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($2,302 per ton), while the average price for exports to Chile ($728 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Phenols; Phenol-Alcohols Price in the United States (CIF) - 2023
In October 2023, the average phenols; phenol-alcohols import price amounted to $4,362 per ton, which is down by -16.5% against the previous month. In general, the import price recorded a slight reduction. The pace of growth was the most pronounced in September 2023 an increase of 22% m-o-m. The import price peaked at $5,895 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($8,187 per ton), while the price for Indonesia ($800 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Phenols; Phenol-Alcohols Exports in the United States
In 2022, the amount of phenols; phenol-alcoholses exported from the United States expanded remarkably to 375K tons, surging by 13% against 2021 figures. The total export volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, the exports attained the peak of 379K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, phenols; phenol-alcohols exports contracted modestly to $540M in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.4% against the previous year. As a result, the exports attained the peak of $561M, and then shrank slightly in the following year.
| Export of Phenols; Phenol-Alcohols in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 68.7 | 52.7 | 96.2 | 87.7 | 8.5% |
| Netherlands | 37.7 | 39.2 | 65.1 | 70.5 | 23.2% |
| Mexico | 55.2 | 41.6 | 71.3 | 59.5 | 2.5% |
| China | 43.2 | 57.2 | 43.1 | 48.1 | 3.6% |
| India | 72.5 | 63.6 | 42.9 | 46.6 | -13.7% |
| Belgium | 48.2 | 66.1 | 66.4 | 37.7 | -7.9% |
| Brazil | 19.2 | 15.9 | 11.7 | 31.5 | 17.9% |
| Germany | 14.8 | 15.1 | 8.9 | 13.8 | -2.3% |
| Colombia | 7.6 | 6.4 | 10.8 | 10.8 | 12.4% |
| Turkey | 6.7 | 4.7 | 6.7 | 9.3 | 11.5% |
| Chile | 0.1 | 2.3 | 5.1 | 7.6 | 323.6% |
| Italy | 16.7 | 11.7 | 11.0 | 7.0 | -25.2% |
| Taiwan (Chinese) | 13.0 | 31.0 | 12.4 | 4.5 | -29.8% |
| Others | 93.9 | 110 | 110 | 105 | 3.8% |
| Total | 498 | 518 | 561 | 540 | 2.7% |
Top Export Markets for Phenols; Phenol-Alcohols from the United States in 2022:
- Canada (81.4K tons)
- Netherlands (68.6K tons)
- Mexico (39.7K tons)
- India (30.5K tons)
- Brazil (29.0K tons)
- Belgium (27.8K tons)
- China (21.3K tons)
- Turkey (12.2K tons)
- Chile (10.5K tons)
- Colombia (9.7K tons)
- Italy (8.1K tons)
- Germany (6.4K tons)
- Taiwan (Chinese) (2.1K tons)
Phenols; Phenol-Alcohols Imports in the United States
In 2022, imports of phenols; phenol-alcoholses into the United States reduced remarkably to 49K tons, with a decrease of -17.4% against 2021 figures. Over the period under review, imports showed a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 39%. As a result, imports reached the peak of 60K tons, and then contracted remarkably in the following year.
In value terms, phenols; phenol-alcohols imports reduced rapidly to $221M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 48%. As a result, imports attained the peak of $264M, and then fell markedly in the following year.
| Import of Phenols; Phenol-Alcohols in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 51.4 | 43.2 | 60.0 | 46.8 | -3.1% |
| India | 30.3 | 44.1 | 49.5 | 45.9 | 14.8% |
| China | 22.4 | 20.2 | 30.3 | 35.8 | 16.9% |
| Germany | 21.7 | 19.5 | 24.3 | 20.2 | -2.4% |
| Taiwan (Chinese) | 17.7 | 11.8 | 20.1 | 10.7 | -15.4% |
| South Korea | 12.8 | 3.8 | 12.0 | 10.1 | -7.6% |
| Thailand | 10.8 | 6.2 | 11.7 | 9.3 | -4.9% |
| Singapore | 14.8 | 6.7 | 6.1 | 9.0 | -15.3% |
| Switzerland | 4.7 | 6.8 | 8.7 | 6.9 | 13.7% |
| Netherlands | 0.6 | 0.1 | 14.5 | 5.5 | 109.3% |
| Others | 14.1 | 15.5 | 26.7 | 20.5 | 13.3% |
| Total | 201 | 178 | 264 | 221 | 3.2% |
Top Suppliers of Phenols; Phenol-Alcohols to the United States in 2022:
- India (7.8K tons)
- Japan (7.7K tons)
- China (5.7K tons)
- Thailand (5.0K tons)
- Taiwan (Chinese) (4.3K tons)
- Singapore (3.9K tons)
- South Korea (3.5K tons)
- Germany (3.2K tons)
- Netherlands (2.9K tons)
- Switzerland (1.1K tons)
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