Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark (CIF) - 2023
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark (FOB) - 2023
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark (CIF) - 2023
In October 2023, the average import price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,782 per ton, rising by 23% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.4%. The import price peaked at $1,899 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Finland ($1,862 per ton), while the price for Germany ($1,767 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark (FOB) - 2023
In November 2023, the average export price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,796 per ton, reducing by -5.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 22% against the previous month. Over the period under review, the average export prices reached the maximum at $1,905 per ton in May 2023; however, from June 2023 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From November 2022 to November 2023, the rate of growth in terms of prices for Sweden amounted to -0.0% per month.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark
In 2022, imports of monophenols; phenol (hydroxybenzene) and its saltses into Denmark stood at 5.9K tons, rising by 14% against the previous year's figure. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 17%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses skyrocketed to $11M in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.8 | 2.5 | 5.4 | 7.3 | 37.6% |
| Spain | 1.0 | 1.3 | 2.3 | 2.6 | 37.5% |
| Finland | 0.7 | 0.4 | 0.7 | 1.3 | 22.9% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 4.4 | 4.2 | 8.4 | 11.3 | 36.9% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Denmark in 2022:
- Germany (3.8K tons)
- Spain (1.4K tons)
- Finland (0.6K tons)
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark
In 2022, approx. 3.4K tons of monophenols; phenol (hydroxybenzene) and its saltses were exported from Denmark; with an increase of 49% compared with the previous year. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses soared to $6.9M in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 101%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1.9 | 1.8 | 3.8 | 6.3 | 49.1% |
| United States | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| China | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 2.2 | 2.1 | 4.2 | 6.9 | 46.4% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from Denmark in 2022:
- Sweden (3136.6 tons)
- United States (125.9 tons)
- China (64.7 tons)
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