Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in China - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in China (CIF) - 2023
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in China (FOB) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in China
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in China
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in China (CIF) - 2023
The average import price for monophenols; phenol (hydroxybenzene) and its saltses stood at $948 per ton in December 2023, approximately equating the previous month. In general, the import price recorded a slight reduction. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 11% m-o-m. Over the period under review, average import prices hit record highs at $1,073 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the countries with the highest prices were Saudi Arabia ($979 per ton) and Japan ($949 per ton), while the price for Singapore ($888 per ton) and Thailand ($893 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in China (FOB) - 2022
In 2022, the average export price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,781 per ton, increasing by 34% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $2,159 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($6,231 per ton), while the average price for exports to Indonesia ($1,481 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 Turkey (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in China
In 2022, supplies from abroad of monophenols; phenol (hydroxybenzene) and its saltses decreased by -21.7% to 409K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 51% against the previous year. As a result, imports reached the peak of 704K 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 fell to $525M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of $568M, and then shrank in the following year.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 155 | 112 | 208 | 172 | 3.5% |
| Taiwan (Chinese) | 40.4 | 125 | 104 | 104 | 37.1% |
| Thailand | 61.2 | 85.1 | 107 | 85.5 | 11.8% |
| South Korea | 119 | 60.7 | 62.0 | 59.7 | -20.5% |
| Japan | 36.6 | 25.4 | 30.1 | 58.8 | 17.1% |
| Singapore | 34.0 | 46.0 | 43.2 | 44.0 | 9.0% |
| Others | 14.9 | 36.3 | 12.7 | 0.6 | -65.7% |
| Total | 460 | 491 | 568 | 525 | 4.5% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to China in 2022:
- Saudi Arabia (132.9K tons)
- Taiwan (Chinese) (85.8K tons)
- Thailand (70.1K tons)
- South Korea (44.6K tons)
- Japan (41.3K tons)
- Singapore (34.4K tons)
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in China
After three years of growth, overseas shipments of monophenols; phenol (hydroxybenzene) and its saltses decreased by -73.2% to 35K tons in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 704% against the previous year. As a result, the exports reached the peak of 131K tons, and then shrank rapidly in the following year.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses declined markedly to $63M in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 558%. As a result, the exports attained the peak of $174M, and then fell notably in the following year.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.1 | 11.6 | 136 | 36.5 | 107.3% |
| Japan | 2.9 | 9.3 | 17.6 | 11.3 | 57.4% |
| Taiwan (Chinese) | 1.1 | 1.8 | 5.8 | 4.6 | 61.1% |
| Turkey | N/A | N/A | 2.5 | 4.4 | 76.0% |
| Vietnam | 1.1 | 0.4 | 1.5 | 2.2 | 26.0% |
| Indonesia | 0.3 | 0.4 | 0.3 | 1.6 | 74.7% |
| Netherlands | N/A | N/A | 7.9 | N/A | 0% |
| Others | 4.3 | 2.8 | 2.5 | 1.9 | -23.8% |
| Total | 13.8 | 26.4 | 174 | 62.6 | 65.5% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from China in 2022:
- India (23.9K tons)
- Japan (4.3K tons)
- Taiwan (Chinese) (2.8K tons)
- Vietnam (1.4K tons)
- Indonesia (1.1K tons)
- Turkey (0.7K tons)
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