Price for Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof in the United Kingdom - 2023
Contents:
- Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK (FOB) - 2022
- Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK (CIF) - 2022
- Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK
- Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK
Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK (FOB) - 2022
In 2022, the average export price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves amounted to $7,333 per ton, declining by -22.7% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. Over the period under review, the average export prices reached the maximum at $9,490 per ton in 2021, and then contracted rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($38,726 per ton), while the average price for exports to Italy ($5,147 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK (CIF) - 2022
In 2022, the average import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves amounted to $12,304 per ton, picking up by 15% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves increased by +115.7% against 2012 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
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 China ($16,501 per ton), while the price for the Czech Republic ($1,735 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK
In 2022, shipments abroad of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves increased by 172% to 4.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves skyrocketed to $32M in 2022. Overall, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 2.2 | 0.5 | 1.5 | 16.1 | 94.1% |
| United States | 3.7 | 6.9 | 5.2 | 4.8 | 9.1% |
| South Africa | 1.3 | 0.9 | 1.5 | 2.0 | 15.4% |
| Italy | 1.2 | 0.9 | 0.3 | 1.8 | 14.5% |
| Poland | 0.6 | 0.5 | 0.9 | 1.0 | 18.6% |
| Belgium | 0.8 | 0.7 | 0.6 | 1.0 | 7.7% |
| France | 0.6 | 0.5 | 0.6 | 0.9 | 14.5% |
| United Arab Emirates | 0.8 | 0.7 | N/A | 0.6 | -9.1% |
| Germany | 1.4 | 0.4 | 0.5 | 0.6 | -24.6% |
| Czech Republic | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
| Japan | 0.8 | 0.8 | 1.0 | 0.5 | -14.5% |
| Netherlands | 1.0 | 1.2 | 0.4 | 0.2 | -41.5% |
| Malaysia | 1.0 | N/A | N/A | N/A | 0% |
| Others | 3.5 | 3.1 | 2.0 | 1.4 | -26.3% |
| Total | 19.3 | 17.5 | 15.1 | 31.7 | 18.0% |
Top Export Markets for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof from the UK in 2022:
- Saudi Arabia (2708.1 tons)
- Italy (357.7 tons)
- Belgium (184.6 tons)
- Poland (154.1 tons)
- France (152.8 tons)
- South Africa (135.4 tons)
- United States (124.5 tons)
- Germany (110.5 tons)
- United Arab Emirates (90.0 tons)
- Czech Republic (78.8 tons)
- Japan (72.5 tons)
- Netherlands (29.9 tons)
- Malaysia (0.9 tons)
Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK
In 2022, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves into the UK expanded remarkably to 1.1K tons, picking up by 13% against the previous year's figure. Over the period under review, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves surged to $14M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 6.2 | 6.1 | 9.9 | 33.1% |
| Germany | 3.2 | 3.9 | 0.1 | 1.9 | -16.0% |
| India | 0.1 | 0.6 | 0.2 | 0.7 | 91.3% |
| Israel | 0.4 | 0.2 | N/A | 0.3 | -9.1% |
| Italy | 0.5 | 0.3 | 0.7 | 0.2 | -26.3% |
| Czech Republic | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| France | N/A | N/A | N/A | 0.1 | 0% |
| Netherlands | 1.0 | 1.6 | 2.0 | N/A | 41.4% |
| Others | 0.9 | 1.0 | 1.2 | 0.3 | -30.7% |
| Total | 10.4 | 13.8 | 10.5 | 13.6 | 9.4% |
Top Suppliers of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof to the UK in 2022:
- China (601.2 tons)
- Germany (179.3 tons)
- Czech Republic (102.5 tons)
- France (64.3 tons)
- India (55.2 tons)
- Italy (46.5 tons)
- Israel (42.2 tons)
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