Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand - 2024
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand (FOB) - 2024
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand (CIF) - 2024
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand (FOB) - 2024
The average export price for monophenols; phenol (hydroxybenzene) and its saltses stood at $845 per ton in January 2024, falling by -3.4% against the previous month. Over the period under review, the export price recorded a mild downturn. The growth pace was the most rapid in October 2023 an increase of 11% against the previous month. Over the period under review, the average export prices reached the peak figure at $988 per ton in April 2023; however, from May 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In January 2024, the countries with the highest prices were Indonesia ($927 per ton) and Taiwan (Chinese) ($864 per ton), while the average price for exports to India ($826 per ton) and South Korea ($834 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-0.8%), while the prices for the other major destinations experienced a decline.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand (CIF) - 2024
In January 2024, the average import price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,036 per ton, dropping by -26.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 1,219% month-to-month. As a result, import price reached the peak level of $14,596 per ton. From July 2023 to January 2024, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From January 2023 to January 2024, the rate of growth in terms of prices for Singapore amounted to -0.5% per month.
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand
In 2022, overseas shipments of monophenols; phenol (hydroxybenzene) and its saltses decreased by -2.1% to 190K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of 225K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses expanded sharply to $237M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.2 | 81.4 | 103 | 80.8 | 14.9% |
| India | 55.2 | 16.8 | 35.8 | 57.2 | 1.2% |
| South Korea | 47.9 | 36.8 | 37.4 | 43.3 | -3.3% |
| Taiwan (Chinese) | 16.1 | 3.2 | 17.1 | 41.0 | 36.6% |
| Indonesia | 5.8 | 3.0 | 7.3 | 9.2 | 16.6% |
| Others | 4.5 | 2.8 | 7.3 | 5.0 | 3.6% |
| Total | 183 | 144 | 208 | 237 | 9.0% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from Thailand in 2022:
- China (71.9K tons)
- India (42.8K tons)
- South Korea (34.3K tons)
- Taiwan (Chinese) (31.1K tons)
- Indonesia (6.9K tons)
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand
In 2022, overseas purchases of monophenols; phenol (hydroxybenzene) and its saltses decreased by -69% to 11K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 51% against the previous year. As a result, imports reached the peak of 40K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses dropped rapidly to $15M in 2022. Overall, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of $38M, and then fell significantly in the following year.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 5.8 | 2.3 | 8.5 | 21.1% |
| Singapore | 23.5 | 11.0 | 34.9 | 5.7 | -37.6% |
| Taiwan (Chinese) | 0.5 | 0.2 | 0.3 | 0.3 | -15.7% |
| Japan | 4.8 | 11.3 | 0.1 | 0.1 | -72.5% |
| United States | N/A | 3.5 | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 28.9 | 31.9 | 37.6 | 14.6 | -20.4% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Thailand in 2022:
- South Korea (7.0K tons)
- Singapore (3.9K tons)
- Taiwan (Chinese) (0.2K tons)
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