Phenols; Phenol-Alcohols Price in Turkey - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Turkey (CIF) - 2022
- Phenols; Phenol-Alcohols Price in Turkey (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in Turkey
- Phenols; Phenol-Alcohols Exports in Turkey
Phenols; Phenol-Alcohols Price in Turkey (CIF) - 2022
In 2022, the average phenols; phenol-alcohols import price amounted to $1,683 per ton, which is down by -13.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 90% against the previous year. As a result, import price attained the peak level of $1,939 per ton, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,987 per ton), while the price for Finland ($1,298 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Phenols; Phenol-Alcohols Price in Turkey (FOB) - 2022
The average phenols; phenol-alcohols export price stood at $2,580 per ton in 2022, jumping by 30% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 export price increased by +22.8% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by 67% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($14,573 per ton), while the average price for exports to Greece ($1,633 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 Serbia (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Imports in Turkey
In 2022, phenols; phenol-alcohols imports into Turkey surged to 54K tons, rising by 29% against 2021 figures. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, phenols; phenol-alcohols imports stood at $90M in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 136%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Phenols; Phenol-Alcohols in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 15.7 | 3.2 | 34.6 | 28.0 | 21.3% |
| United States | 2.9 | 8.6 | 7.4 | 20.1 | 90.7% |
| India | 0.9 | 1.6 | 22.9 | 11.1 | 131.0% |
| Russia | 0.8 | 1.0 | 0.3 | 9.9 | 131.3% |
| China | 2.8 | 2.3 | 5.6 | 8.9 | 47.0% |
| Finland | 4.5 | 7.3 | N/A | 3.9 | -4.7% |
| South Korea | 1.0 | 1.2 | 1.6 | 2.5 | 35.7% |
| Belgium | 5.1 | 2.8 | 0.3 | 0.4 | -57.2% |
| Others | 4.2 | 6.2 | 7.9 | 5.5 | 9.4% |
| Total | 37.8 | 34.2 | 80.6 | 90.3 | 33.7% |
Top Suppliers of Phenols; Phenol-Alcohols to Turkey in 2022:
- Spain (17.9K tons)
- United States (14.1K tons)
- Russia (6.4K tons)
- India (6.2K tons)
- China (3.9K tons)
- Finland (3.0K tons)
- South Korea (0.8K tons)
- Belgium (0.2K tons)
Phenols; Phenol-Alcohols Exports in Turkey
In 2022, approx. 897 tons of phenols; phenol-alcoholses were exported from Turkey; with an increase of 8% on the previous year's figure. The total export volume increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 17%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, phenols; phenol-alcohols exports soared to $2.3M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 57%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Phenols; Phenol-Alcohols in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 586 | 423 | 1,073 | 1,022 | 20.4% |
| Russia | 0.1 | 0.1 | 6.3 | 405 | 1494.0% |
| Serbia | N/A | 13.3 | 168 | 270 | 350.6% |
| United Kingdom | N/A | 0.1 | N/A | 186 | 4212.8% |
| Lithuania | N/A | 170 | N/A | 62.6 | -39.3% |
| Jordan | 77.4 | 71.8 | 89.4 | 43.9 | -17.2% |
| Iran | 124 | 541 | 179 | 21.9 | -43.9% |
| Others | 130 | 219 | 135 | 304 | 32.7% |
| Total | 917 | 1,438 | 1,651 | 2,315 | 36.2% |
Top Export Markets for Phenols; Phenol-Alcohols from Turkey in 2022:
- Greece (625.9 tons)
- United Kingdom (93.8 tons)
- Russia (65.4 tons)
- Jordan (24.5 tons)
- Serbia (18.5 tons)
- Lithuania (10.0 tons)
- Iran (2.4 tons)
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