Price for Polyphenols; Resorcinol and Its Salts in Canada - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Canada (CIF) - 2022
- Price for Polyphenols; Resorcinol and Its Salts in Canada (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Canada
- Exports of Polyphenols; Resorcinol and Its Salts in Canada
Price for Polyphenols; Resorcinol and Its Salts in Canada (CIF) - 2022
In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $6,807 per ton, which is down by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 16%. As a result, import price reached the peak level of $7,030 per ton, and then shrank in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($7,183 per ton) and China ($6,281 per ton), while the price for India ($5,394 per ton) and the United States ($5,398 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Polyphenols; Resorcinol and Its Salts in Canada (FOB) - 2022
The average export price for polyphenols; resorcinol and its saltses stood at $6,933 per ton in 2022, surging by 7.9% against the previous year. In general, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 92% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($7,313 per ton) and Vietnam ($7,188 per ton), while the average price for exports to Mexico ($6,500 per ton) and Switzerland ($6,733 per ton) were 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 (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Resorcinol and Its Salts in Canada
In 2022, after two years of decline, there was significant growth in supplies from abroad of polyphenols; resorcinol and its saltses, when their volume increased by 57% to 341 tons. Overall, imports, however, showed a precipitous descent.
In value terms, polyphenols; resorcinol and its salts imports skyrocketed to $2.3M in 2022. Over the period under review, imports, however, continue to indicate a sharp decline.
Import of Polyphenols; Resorcinol and Its Salts in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 1,784 | 955 | 1,104 | 1,671 | -2.2% |
China | 2,853 | 849 | 226 | 459 | -45.6% |
United States | 67.5 | 25.1 | 66.4 | 86.0 | 8.4% |
India | 0.6 | 53.8 | 129 | 82.3 | 415.7% |
Others | 14.8 | 3.8 | 0.1 | 19.1 | 8.9% |
Total | 4,720 | 1,887 | 1,525 | 2,318 | -21.1% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Canada in 2022:
- Japan (232.7 tons)
- China (73.1 tons)
- United States (15.9 tons)
- India (15.3 tons)
Exports of Polyphenols; Resorcinol and Its Salts in Canada
In 2022, approx. 104 kg of polyphenols; resorcinol and its saltses were exported from Canada; with a decrease of -97.7% on 2021 figures. Overall, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 6,387% against the previous year.
In value terms, polyphenols; resorcinol and its salts exports dropped notably to $721 in 2022. In general, exports faced a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 6,205%. As a result, the exports reached the peak of $29K, and then shrank dramatically in the following year.
Export of Polyphenols; Resorcinol and Its Salts in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | 0.1 | 0.5 | 0.2 | 41.4% |
Mexico | N/A | N/A | N/A | 0.1 | 0% |
Vietnam | N/A | N/A | 0.1 | 0.1 | 0.0% |
Switzerland | N/A | N/A | N/A | 0.1 | 0% |
Japan | N/A | 0.1 | N/A | 0.1 | 0.0% |
Hong Kong SAR | N/A | 0.3 | 0.3 | 0.1 | -42.3% |
United States | 24.5 | N/A | 27.8 | N/A | 6.5% |
Brazil | N/A | N/A | N/A | N/A | 0% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 24.6 | 0.5 | 28.8 | 0.7 | -69.5% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from Canada in 2022:
- China (23.0 kg)
- Vietnam (16.0 kg)
- Japan (16.0 kg)
- Switzerland (15.0 kg)
- Mexico (14.0 kg)
- Hong Kong SAR (14.0 kg)
- Brazil (6.0 kg)
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