Price for Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof in Vietnam - 2022

Contents:

1. Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Vietnam (CIF) - 2022
2. Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Vietnam

Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Vietnam (CIF) - 2022

In 2022, the average import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves amounted to $13,218 per ton, which is down by -18.5% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. The import price peaked at $17,291 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Japan ($40,031 per ton), while the price for the United States ($7,520 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+39.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Vietnam

Imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves into Vietnam soared to 131 tons in 2022, growing by 16% on the previous year. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 154%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves fell to $1.7M in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 138% against the previous year. As a result, imports attained the peak of $1.8M, and then reduced in the following year.

Top Suppliers of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof to Vietnam in 2022:

1. China (82.9 tons)
2. United States (35.0 tons)
3. Japan (12.9 tons)

Source: IndexBox Market Intelligence Platform