Price for Monophenols; Cresols and Their Salts in China - 2023
Contents:
- Price for Monophenols; Cresols and Their Salts in China (FOB) - 2022
- Price for Monophenols; Cresols and Their Salts in China (CIF) - 2022
- Exports of Monophenols; Cresols and Their Salts in China
- Imports of Monophenols; Cresols and Their Salts in China
Price for Monophenols; Cresols and Their Salts in China (FOB) - 2022
In 2022, the average export price for monophenols; cresols and their saltses amounted to $2,696 per ton, shrinking by -4.9% against the previous year. In general, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the maximum at $4,350 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($3,278 per ton) and Germany ($2,992 per ton), while the average price for exports to Poland ($2,276 per ton) and Taiwan (Chinese) ($2,434 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-1.9%), while the prices for the other major destinations experienced a decline.
Price for Monophenols; Cresols and Their Salts in China (CIF) - 2022
The average import price for monophenols; cresols and their saltses stood at $5,601 per ton in 2022, increasing by 27% against the previous year. In general, the import price posted a moderate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Germany ($7,660 per ton), while the price for Singapore ($1,222 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Monophenols; Cresols and Their Salts in China
For the fourth consecutive year, China recorded growth in shipments abroad of monophenols; cresols and their saltses, which increased by 31% to 26K tons in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, monophenols; cresols and their salts exports soared to $69M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 64%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Monophenols; Cresols and Their Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.1 | 3.8 | 9.3 | 15.8 | 45.8% |
| India | 5.6 | 13.4 | 9.5 | 12.8 | 31.7% |
| Taiwan (Chinese) | 5.0 | 4.7 | 16.1 | 10.3 | 27.2% |
| United Kingdom | 0.4 | 2.5 | 5.1 | 10.0 | 192.4% |
| Japan | 1.2 | 1.6 | 5.8 | 6.4 | 74.7% |
| Germany | 3.0 | 3.3 | 2.1 | 3.2 | 2.2% |
| Poland | N/A | N/A | N/A | 2.4 | 0% |
| Spain | 2.1 | 1.7 | 0.6 | 1.5 | -10.6% |
| Others | 2.0 | 2.9 | 7.2 | 7.1 | 52.5% |
| Total | 24.5 | 33.9 | 55.6 | 69.4 | 41.5% |
Top Export Markets for Monophenols; Cresols and Their Salts from China in 2022:
- South Korea (6.0K tons)
- India (4.7K tons)
- Taiwan (Chinese) (4.2K tons)
- United Kingdom (3.4K tons)
- Japan (2.6K tons)
- Germany (1.1K tons)
- Poland (1.0K tons)
- Spain (0.6K tons)
Imports of Monophenols; Cresols and Their Salts in China
For the third consecutive year, China recorded decline in supplies from abroad of monophenols; cresols and their saltses, which decreased by -4.4% to 5.4K tons in 2022. In general, imports saw a abrupt slump.
In value terms, monophenols; cresols and their salts imports skyrocketed to $30M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Monophenols; Cresols and Their Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.6 | 10.0 | 13.9 | 15.1 | 39.2% |
| India | 6.2 | 3.8 | 4.2 | 7.6 | 7.0% |
| United States | 6.2 | 6.7 | 3.9 | 5.4 | -4.5% |
| Japan | 1.2 | 1.4 | 2.1 | 1.9 | 16.6% |
| South Africa | 0.3 | 0.2 | 0.2 | 0.1 | -30.7% |
| Others | 0.5 | 0.3 | 0.6 | 0.1 | -41.5% |
| Total | 20.1 | 22.5 | 24.8 | 30.2 | 14.5% |
Top Suppliers of Monophenols; Cresols and Their Salts to China in 2022:
- Germany (1973.4 tons)
- India (1912.0 tons)
- United States (914.8 tons)
- Japan (557.3 tons)
- South Africa (21.6 tons)
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