Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway - 2024
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway (CIF) - 2024
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway (FOB) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway (CIF) - 2024
In January 2024, the average import price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,341 per ton, with a decrease of -3% against the previous month. Overall, the import price showed a slight decline. The pace of growth appeared the most rapid in October 2023 an increase of 8.7% against the previous month. Over the period under review, average import prices hit record highs at $1,719 per ton in February 2023; however, from March 2023 to January 2024, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Finland.
From January 2023 to January 2024, the rate of growth in terms of prices for Finland amounted to -1.8% per month.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway (FOB) - 2022
In 2022, the average export price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $41,875 per ton, surging by 163% against the previous year. Over the period under review, the export price recorded a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.4% per year.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway
In 2022, approx. 2.7K tons of monophenols; phenol (hydroxybenzene) and its saltses were imported into Norway; jumping by 27% against the previous year's figure. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +91.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses surged to $4.2M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 146%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 0.9 | 0.6 | 1.6 | 4.2 | 67.1% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Others | 1.0 | 0.7 | 1.6 | 0.1 | -53.6% |
| Total | 1.9 | 1.3 | 3.3 | 4.2 | 30.3% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Norway in 2022:
- Finland (2.7K tons)
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway
In 2022, after three years of growth, there was significant decline in shipments abroad of monophenols; phenol (hydroxybenzene) and its saltses, when their volume decreased by 99.9% to 8 kg. In general, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of 113 tons, and then shrank dramatically in the following year.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses declined markedly to $335 in 2022. Over the period under review, exports showed a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports reached the peak of $1.8M, and then contracted sharply in the following year.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | N/A | 0.3 | 0% |
| Denmark | 1,214 | 1,499 | 1,799 | N/A | 21.7% |
| Canada | 35.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,249 | 1,499 | 1,799 | 0.3 | -93.8% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from Norway in 2022:
- Sweden (8.0 kg)
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