Price for Monophenols; Cresols and Their Salts in Germany - 2023
Contents:
- Price for Monophenols; Cresols and Their Salts in Germany (FOB) - 2022
- Price for Monophenols; Cresols and Their Salts in Germany (CIF) - 2023
- Exports of Monophenols; Cresols and Their Salts in Germany
- Imports of Monophenols; Cresols and Their Salts in Germany
Price for Monophenols; Cresols and Their Salts in Germany (FOB) - 2022
In 2022, the average export price for monophenols; cresols and their saltses amounted to $5,003 per ton, picking up by 45% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monophenols; cresols and their salts export price increased by +122.0% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($9,515 per ton), while the average price for exports to Malaysia ($2,104 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 South Korea (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Monophenols; Cresols and Their Salts in Germany (CIF) - 2023
The average import price for monophenols; cresols and their saltses stood at $3,222 per ton in July 2023, declining by -3.1% against the previous month. Overall, the import price saw a slight descent. The growth pace was the most rapid in March 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices reached the maximum at $4,331 per ton in August 2022; however, from September 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($4,519 per ton), while the price for Belgium ($2,823 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Monophenols; Cresols and Their Salts in Germany
After three years of growth, shipments abroad of monophenols; cresols and their saltses decreased by -30% to 17K tons in 2022. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 6.2% against the previous year. As a result, the exports reached the peak of 24K tons, and then declined remarkably in the following year.
In value terms, monophenols; cresols and their salts exports expanded modestly to $83M in 2022. The total export value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Monophenols; Cresols and Their Salts in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 21.4 | 22.1 | 25.0 | 30.1 | 12.0% |
| China | 5.6 | 11.0 | 12.6 | 10.9 | 24.9% |
| India | 6.1 | 7.0 | 7.6 | 6.3 | 1.1% |
| Japan | 5.4 | 5.9 | 5.7 | 5.2 | -1.3% |
| France | 2.9 | 2.4 | 5.1 | 5.1 | 20.7% |
| Switzerland | 4.0 | 3.6 | 4.2 | 5.1 | 8.4% |
| Belgium | 0.4 | 3.4 | 2.9 | 4.1 | 117.2% |
| South Korea | 2.0 | 1.6 | 2.4 | 3.3 | 18.2% |
| Italy | 2.0 | 2.0 | 3.7 | 2.3 | 4.8% |
| Poland | 1.5 | 1.3 | 2.9 | 2.3 | 15.3% |
| United States | 3.0 | 3.6 | 4.1 | 2.1 | -11.2% |
| Denmark | 1.9 | 1.6 | 1.9 | 2.0 | 1.7% |
| Malaysia | 0.1 | 1.0 | 0.3 | 0.8 | 100.0% |
| Others | 5.3 | 2.7 | 3.4 | 3.8 | -10.5% |
| Total | 61.6 | 69.3 | 81.9 | 83.3 | 10.6% |
Top Export Markets for Monophenols; Cresols and Their Salts from Germany in 2022:
- United Kingdom (5.9K tons)
- Belgium (1.5K tons)
- China (1.4K tons)
- Switzerland (1.3K tons)
- Japan (1.1K tons)
- France (0.9K tons)
- India (0.7K tons)
- South Korea (0.7K tons)
- Italy (0.6K tons)
- Poland (0.5K tons)
- United States (0.4K tons)
- Denmark (0.4K tons)
- Malaysia (0.4K tons)
Imports of Monophenols; Cresols and Their Salts in Germany
For the third consecutive year, Germany recorded decline in purchases abroad of monophenols; cresols and their saltses, which decreased by -2.1% to 9.4K tons in 2022. Overall, imports continue to indicate a noticeable descent. The smallest decline of -1.6% was in 2021.
In value terms, monophenols; cresols and their salts imports skyrocketed to $35M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Monophenols; Cresols and Their Salts in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.4 | 10.5 | 10.2 | 16.5 | -1.8% |
| Netherlands | N/A | 2.9 | 3.5 | 5.2 | 33.9% |
| China | 3.6 | 3.7 | 2.8 | 4.6 | 8.5% |
| Belgium | N/A | 0.7 | 3.8 | 4.3 | 147.8% |
| United States | 8.6 | 5.0 | 2.1 | 2.7 | -32.0% |
| Czech Republic | 0.9 | 0.6 | 0.8 | 0.9 | 0.0% |
| Japan | N/A | 0.3 | 0.2 | 0.6 | 41.4% |
| Others | 0.8 | 3.6 | 0.2 | 0.1 | -50.0% |
| Total | 31.4 | 27.3 | 23.6 | 34.7 | 3.4% |
Top Suppliers of Monophenols; Cresols and Their Salts to Germany in 2022:
- India (3.9K tons)
- China (1.9K tons)
- Belgium (1.2K tons)
- Netherlands (1.0K tons)
- United States (0.8K tons)
- Czech Republic (0.3K tons)
- Japan (0.2K tons)
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