Price for Monophenols; Cresols and Their Salts in Hong Kong SAR - 2022

Contents:

  1. Price for Monophenols; Cresols and Their Salts in Hong Kong SAR (FOB) - 2022
  2. Price for Monophenols; Cresols and Their Salts in Hong Kong SAR (CIF) - 2022
  3. Exports of Monophenols; Cresols and Their Salts in Hong Kong SAR
  4. Imports of Monophenols; Cresols and Their Salts in Hong Kong SAR

Price for Monophenols; Cresols and Their Salts in Hong Kong SAR (FOB) - 2022

The average export price for monophenols; cresols and their saltses stood at $12,729 per ton in 2022, rising by 25% against the previous year. Overall, the export price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 55% against the previous year. The export price peaked at $42,685 per ton in 2012; however, from 2013 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 Brazil ($15,486 per ton), while the average price for exports to Finland ($143 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 Spain (+1.9%).

Price for Monophenols; Cresols and Their Salts in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for monophenols; cresols and their saltses amounted to $3,708 per ton, picking up by 18% against the previous year. In general, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2016 an increase of 186% against the previous year. Over the period under review, average import prices reached the maximum at $29,385 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 India ($27,293 per ton), while the price for China ($1,839 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Monophenols; Cresols and Their Salts in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of monophenols; cresols and their saltses, which decreased by -52.2% to 321 kg in 2022. Over the period under review, exports continue to indicate a dramatic curtailment. The smallest decline of -10.8% was in 2021.

In value terms, monophenols; cresols and their salts exports declined notably to $4.1K in 2022. In general, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 24%.

Export of Monophenols; Cresols and Their Salts in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BrazilN/AN/AN/A2.70%
Uruguay1.45.71.41.1-7.7%
ColombiaN/AN/AN/A0.30%
BelgiumN/AN/A5.4N/A0%
FinlandN/AN/AN/AN/A0%
Ghana3.2N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total4.65.76.84.1-3.8%

Top Export Markets for Monophenols; Cresols and Their Salts from Hong Kong SAR in 2022:

  1. Brazil (173.0 kg)
  2. Uruguay (113.0 kg)
  3. Colombia (28.0 kg)
  4. Finland (7.0 kg)

Imports of Monophenols; Cresols and Their Salts in Hong Kong SAR

In 2022, purchases abroad of monophenols; cresols and their saltses increased by 155% to 960 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt descent.

In value terms, monophenols; cresols and their salts imports soared to $3.6K in 2022. Over the period under review, imports, however, continue to indicate a precipitous curtailment.

Import of Monophenols; Cresols and Their Salts in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India0.30.50.21.674.7%
China7.44.30.81.6-40.0%
United Kingdom0.10.10.10.344.2%
Taiwan (Chinese)2.4N/AN/AN/A0%
OthersN/A0.10.10.10.0%
Total10.25.01.23.6-29.3%

Top Suppliers of Monophenols; Cresols and Their Salts to Hong Kong SAR in 2022:

  1. China (878.0 kg)
  2. India (58.0 kg)
  3. United Kingdom (21.0 kg)

Source: IndexBox Market Intelligence Platform

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