Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States (FOB) - 2023
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States (CIF) - 2022
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States (FOB) - 2023
In December 2023, the average export price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,163 per ton, dropping by -11.1% against the previous month. Over the period under review, the export price saw a mild decrease. The growth pace was the most rapid in November 2023 an increase of 19% m-o-m. The export price peaked at $1,570 per ton in May 2023; however, from June 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,468 per ton), while the average price for exports to India ($715 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States (CIF) - 2022
The average import price for monophenols; phenol (hydroxybenzene) and its saltses stood at $2,981 per ton in 2022, increasing by 8.8% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 90% against the previous year. As a result, import price reached the peak level of $10,070 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($4,864 per ton), while the price for China ($849 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.4%), while the prices for the other major suppliers experienced a decline.
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States
In 2022, shipments abroad of monophenols; phenol (hydroxybenzene) and its saltses decreased by -3.8% to 237K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. As a result, the exports reached the peak of 268K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses surged to $337M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 60.0 | 44.5 | 86.8 | 99.8 | 18.5% |
| Netherlands | 25.9 | 26.3 | 55.7 | 79.5 | 45.3% |
| Belgium | 31.0 | 44.7 | 51.6 | 31.1 | 0.1% |
| Mexico | 19.5 | 13.0 | 28.6 | 29.8 | 15.2% |
| Brazil | 10.8 | 6.1 | 0.1 | 27.6 | 36.7% |
| India | 32.0 | 31.4 | 18.6 | 24.4 | -8.6% |
| Turkey | 6.3 | 4.0 | 6.1 | 11.3 | 21.5% |
| Italy | 13.9 | 9.7 | 9.1 | 7.8 | -17.5% |
| Argentina | N/A | 6.6 | 8.1 | 4.2 | -20.2% |
| Others | 14.8 | 43.9 | 21.9 | 21.1 | 12.5% |
| Total | 214 | 230 | 287 | 337 | 16.3% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from the United States in 2022:
- Canada (63.6K tons)
- Netherlands (57.1K tons)
- Brazil (22.6K tons)
- Mexico (19.7K tons)
- Belgium (19.4K tons)
- India (18.2K tons)
- Turkey (10.3K tons)
- Italy (6.3K tons)
- Argentina (2.6K tons)
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States
In 2022, imports of monophenols; phenol (hydroxybenzene) and its saltses into the United States soared to 1.3K tons, growing by 73% against the previous year's figure. In general, imports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 75% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses skyrocketed to $3.9M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 1,828 | 0% |
| India | 741 | 1,267 | 1,234 | 1,213 | 17.9% |
| Germany | 246 | 173 | 157 | 168 | -11.9% |
| Canada | 219 | 426 | 358 | 162 | -9.6% |
| China | 297 | 125 | 3.0 | 138 | -22.5% |
| Denmark | N/A | 4.9 | N/A | 114 | 382.3% |
| United Kingdom | 37.7 | 71.9 | 97.6 | 58.7 | 15.9% |
| Mexico | N/A | N/A | 32.0 | N/A | 0% |
| Others | 20.8 | 252 | 177 | 196 | 111.2% |
| Total | 1,562 | 2,319 | 2,058 | 3,877 | 35.4% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to the United States in 2022:
- India (420.3 tons)
- Belgium (375.9 tons)
- China (162.5 tons)
- Germany (134.8 tons)
- Denmark (91.4 tons)
- Canada (41.2 tons)
- United Kingdom (37.8 tons)
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