Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK - 2023
Contents:
- Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK (FOB) - 2023
- Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK (CIF) - 2022
- Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK
- Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK
Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK (FOB) - 2023
The average export price for oils and products of the distillation of high temperature coal tar; benzoles stood at $701 per ton in December 2023, approximately equating the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 15% month-to-month. As a result, the export price reached the peak level of $755 per ton. From March 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In December 2023, the country with the highest price was Belgium ($716 per ton), while the average price for exports to the Netherlands amounted to $686 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.1%).
Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK (CIF) - 2022
In 2022, the average import price for oils and products of the distillation of high temperature coal tar; benzoles amounted to $3,858 per ton, jumping by 46% against the previous year. Overall, the import price posted a strong increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 144% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($30,947 per ton), while the price for Belgium ($846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+49.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK
In 2022, exports of oils and products of the distillation of high temperature coal tar; benzoles from the UK skyrocketed to 108K tons, picking up by 45% on 2021. Overall, exports, however, recorded a relatively flat trend pattern.
In value terms, exports of oils and products of the distillation of high temperature coal tar; benzoles soared to $95M in 2022. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 25.2 | 6.1 | 19.6 | 49.7 | 25.4% |
| Belgium | 15.5 | 12.7 | 7.1 | 42.0 | 39.4% |
| France | 8.4 | 3.1 | 2.3 | 3.4 | -26.0% |
| Germany | 1.9 | 3.5 | 6.1 | N/A | 79.2% |
| United States | 7.1 | 0.5 | 4.3 | N/A | -22.2% |
| Portugal | 1.7 | 1.3 | 1.0 | N/A | -23.3% |
| Others | 0.2 | 6.1 | 11.9 | N/A | 671.4% |
| Total | 60.0 | 33.3 | 52.3 | 95.1 | 16.6% |
Top Export Markets for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole from the UK in 2022:
- Netherlands (61.4K tons)
- Belgium (43.4K tons)
- France (3.5K tons)
Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK
In 2022, purchases abroad of oils and products of the distillation of high temperature coal tar; benzoles decreased by -35.3% to 29 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. As a result, imports reached the peak of 2.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of oils and products of the distillation of high temperature coal tar; benzoles fell to $112K in 2022. Over the period under review, imports faced a sharp slump. The most prominent rate of growth was recorded in 2020 when imports increased by 425%. As a result, imports attained the peak of $7.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 509 | 788 | 61.8 | 55.3 | -52.3% |
| Denmark | 242 | 461 | 44.5 | 48.9 | -41.3% |
| Netherlands | 680 | 2,397 | 4.5 | 4.1 | -81.8% |
| Belgium | 21.4 | 39.6 | 3.6 | 3.7 | -44.3% |
| Others | 6.1 | 3,963 | 5.0 | 0.6 | -53.8% |
| Total | 1,457 | 7,649 | 119 | 112 | -57.5% |
Top Suppliers of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole to the UK in 2022:
- Norway (15.6 tons)
- Denmark (9.0 tons)
- Belgium (4.4 tons)
- Netherlands (0.1 tons)
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