Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia (CIF) - 2023
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia (FOB) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia (CIF) - 2023
The average import price for monophenols; phenol (hydroxybenzene) and its saltses stood at $1,597 per ton in November 2023, shrinking by -12.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in October 2023 an increase of 21% m-o-m. As a result, import price attained the peak level of $1,832 per ton, and then fell in the following month.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Austria ($1,615 per ton), while the price for Germany amounted to $1,376 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Austria (+1.3%).
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia (FOB) - 2022
The average export price for monophenols; phenol (hydroxybenzene) and its saltses stood at $18,341 per ton in 2022, with a decrease of -38.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $35,156 per ton in 2019; however, from 2020 to 2022, 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 the Netherlands.
From 2017 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -0.7% per year.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia
For the third year in a row, Latvia recorded decline in supplies from abroad of monophenols; phenol (hydroxybenzene) and its saltses, which decreased by -5.2% to 6.2K tons in 2022. Over the period under review, imports showed a noticeable descent. The smallest decline of -0.7% was in 2021.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses rose markedly to $10M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +82.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. 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 Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 5.7 | 3.7 | 6.0 | 9.4 | 18.1% |
| Russia | 1.2 | 1.7 | 2.8 | 0.6 | -20.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.8 | 5.4 | 8.8 | 10.0 | 13.7% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Latvia in 2022:
- Austria (5.8K tons)
- Russia (0.4K tons)
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia
In 2022, the amount of monophenols; phenol (hydroxybenzene) and its saltses exported from Latvia skyrocketed to 88 kg, jumping by 389% against 2021 figures. In general, exports continue to indicate a significant increase. As a result, the exports reached 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 $1.6K in 2022. Overall, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.1 | N/A | 0.5 | 1.6 | 13.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | N/A | 0.5 | 1.6 | 13.3% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from Latvia in 2022:
- Netherlands (88.0 kg)
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