Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium (FOB) - 2022
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium (CIF) - 2023
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium (FOB) - 2022
The average export price for monophenols; phenol (hydroxybenzene) and its saltses stood at $1,628 per ton in 2022, jumping by 24% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 73%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,778 per ton), while the average price for exports to China ($941 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 the UK (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium (CIF) - 2023
The average import price for monophenols; phenol (hydroxybenzene) and its saltses stood at $1,198 per ton in November 2023, picking up by 5.6% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 9.6% against the previous month. Over the period under review, average import prices hit record highs in November 2023.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Germany ($1,408 per ton) and Spain ($1,229 per ton), while the price for Finland ($1,056 per ton) and Saudi Arabia ($1,078 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium
In 2022, after three years of growth, there was significant decline in overseas shipments of monophenols; phenol (hydroxybenzene) and its saltses, when their volume decreased by -33.4% to 428K tons. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 305%.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses shrank remarkably to $696M in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 214%.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 61.5 | 194 | 410 | 327 | 74.5% |
| Germany | 57.5 | 151 | 344 | 271 | 67.7% |
| Poland | N/A | 0.5 | 6.3 | 24.7 | 602.9% |
| United Kingdom | 0.6 | 8.8 | 30.9 | 24.4 | 243.9% |
| France | 1.8 | 8.5 | 12.4 | 12.1 | 88.7% |
| Turkey | 1.3 | 4.0 | 4.7 | 8.3 | 85.5% |
| India | 2.1 | 14.9 | N/A | 7.8 | 54.9% |
| Others | 4.7 | 25.6 | 37.0 | 21.6 | 66.3% |
| Total | 130 | 407 | 845 | 696 | 74.9% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from Belgium in 2022:
- Netherlands (198.5K tons)
- Germany (165.9K tons)
- Poland (15.1K tons)
- United Kingdom (13.9K tons)
- Turkey (7.3K tons)
- India (7.1K tons)
- France (6.8K tons)
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium
In 2022, purchases abroad of monophenols; phenol (hydroxybenzene) and its saltses decreased by -11.9% to 312K tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 301%. As a result, imports reached the peak of 432K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses expanded sharply to $419M in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 233%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 66.1 | 183 | 282 | 186 | 41.2% |
| Saudi Arabia | N/A | N/A | 8.6 | 72.8 | 746.5% |
| Finland | 10.1 | 33.6 | 46.1 | 72.8 | 93.2% |
| Germany | 7.2 | 49.3 | 18.3 | 69.8 | 113.2% |
| United States | N/A | 13.6 | 8.8 | 13.9 | 1.1% |
| Others | 0.7 | 0.5 | 1.1 | 3.4 | 69.4% |
| Total | 84.1 | 280 | 365 | 419 | 70.8% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Belgium in 2022:
- Spain (139.2K tons)
- Finland (60.6K tons)
- Germany (53.7K tons)
- Saudi Arabia (49.6K tons)
- United States (7.0K tons)
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