Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States - 2023
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States (FOB) - 2023
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States (CIF) - 2022
- Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States (FOB) - 2023
In December 2023, the average export price for polyphenols; hydroquinone (quinol) and its saltses amounted to $4,801 per ton, declining by -9.8% against the previous month. Over the period under review, the export price saw a noticeable reduction. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 34% m-o-m. The export price peaked at $8,068 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($8,366 per ton), while the average price for exports to Poland ($3,771 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 Saudi Arabia (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States (CIF) - 2022
In 2022, the average import price for polyphenols; hydroquinone (quinol) and its saltses amounted to $11,312 per ton, dropping by -5.5% against the previous year. Over the period under review, the import price, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2019 an increase of 52%. Over the period under review, average import prices attained the peak figure at $12,816 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($81,044 per ton), while the price for France ($5,946 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States
For the third consecutive year, the United States recorded decline in shipments abroad of polyphenols; hydroquinone (quinol) and its saltses, which decreased by -10.4% to 11K tons in 2022. Over the period under review, exports continue to indicate a abrupt setback. The smallest decline of -3.2% was in 2020.
In value terms, exports of polyphenols; hydroquinone (quinol) and its saltses skyrocketed to $85M in 2022. The total export value increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.3 | 17.5 | 18.3 | 22.0 | 12.9% |
| India | 18.0 | 11.4 | 12.3 | 19.2 | 2.2% |
| South Korea | 8.1 | 9.9 | 10.6 | 10.1 | 7.6% |
| Mexico | 8.6 | 5.9 | 7.5 | 7.5 | -4.5% |
| United Kingdom | 1.2 | 1.7 | 1.8 | 4.9 | 59.8% |
| Saudi Arabia | 0.6 | 2.8 | 3.8 | 4.8 | 100.0% |
| Netherlands | 3.0 | 1.1 | 2.5 | 2.3 | -8.5% |
| Poland | 2.8 | 2.7 | 0.8 | 2.3 | -6.3% |
| Others | 12.3 | 9.4 | 9.9 | 11.4 | -2.5% |
| Total | 69.9 | 62.5 | 67.4 | 84.5 | 6.5% |
Top Export Markets for Polyphenols; Hydroquinone (Quinol) and Its Salts from the United States in 2022:
- China (2.5K tons)
- India (2.2K tons)
- South Korea (1.8K tons)
- Mexico (0.9K tons)
- Saudi Arabia (0.7K tons)
- United Kingdom (0.7K tons)
- Netherlands (0.4K tons)
- Poland (0.3K tons)
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States
In 2022, the amount of polyphenols; hydroquinone (quinol) and its saltses imported into the United States fell to 276 tons, reducing by -8.4% compared with the previous year. Overall, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 129% against the previous year. As a result, imports attained the peak of 301 tons, and then dropped in the following year.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses fell to $3.1M in 2022. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 113%. As a result, imports attained the peak of $3.6M, and then shrank in the following year.
| Import of Polyphenols; Hydroquinone (Quinol) and Its Salts in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 27.0 | 238 | 1,544 | 1,064 | 240.3% |
| France | 189 | 230 | 353 | 899 | 68.2% |
| India | 905 | 683 | 678 | 731 | -6.9% |
| China | 217 | 538 | 915 | 430 | 25.6% |
| Japan | 536 | N/A | N/A | N/A | 0% |
| Others | 10.4 | N/A | 116 | N/A | 234.0% |
| Total | 1,885 | 1,689 | 3,605 | 3,123 | 18.3% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to the United States in 2022:
- France (151.1 tons)
- Italy (88.8 tons)
- China (27.2 tons)
- India (9.0 tons)
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