Price for Polyphenols; Resorcinol and Its Salts in China - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in China (FOB) - 2023
- Price for Polyphenols; Resorcinol and Its Salts in China (CIF) - 2022
- Exports of Polyphenols; Resorcinol and Its Salts in China
- Imports of Polyphenols; Resorcinol and Its Salts in China
Price for Polyphenols; Resorcinol and Its Salts in China (FOB) - 2023
The average export price for polyphenols; resorcinol and its saltses stood at $5,811 per ton in June 2023, dropping by -4.4% against the previous month. Overall, the export price recorded a mild contraction. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 12% month-to-month. Over the period under review, the average export prices attained the maximum at $7,748 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In June 2023, the highest price was recorded for prices to Russia ($7,280 per ton) and Japan ($6,938 per ton), while the average price for exports to Belgium ($4,861 per ton) and the United States ($4,923 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.6%), while the prices for the other major destinations experienced a decline.
Price for Polyphenols; Resorcinol and Its Salts in China (CIF) - 2022
The average import price for polyphenols; resorcinol and its saltses stood at $7,289 per ton in 2022, increasing by 6.9% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols; resorcinol and its salts import price increased by +4.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($10,947 per ton), while the price for Japan ($7,051 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polyphenols; Resorcinol and Its Salts in China
In 2022, the amount of polyphenols; resorcinol and its saltses exported from China dropped rapidly to 8.8K tons, shrinking by -26.9% on 2021. Over the period under review, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 101%. As a result, the exports attained the peak of 12K tons, and then reduced sharply in the following year.
In value terms, polyphenols; resorcinol and its salts exports shrank remarkably to $62M in 2022. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of $88M, and then shrank sharply in the following year.
| Export of Polyphenols; Resorcinol and Its Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 22.6 | 15.2 | 23.9 | 16.3 | -10.3% |
| Netherlands | 8.4 | 8.2 | 14.2 | 9.5 | 4.2% |
| United States | 22.7 | 7.7 | 11.9 | 9.0 | -26.5% |
| Belgium | 0.8 | 1.9 | 10.5 | 4.0 | 71.0% |
| Russia | 1.8 | 1.6 | 1.4 | 3.0 | 18.6% |
| Thailand | 0.5 | 1.5 | 2.4 | 2.6 | 73.2% |
| Brazil | 2.8 | 2.1 | 3.1 | 2.4 | -5.0% |
| Japan | 1.8 | 1.1 | 2.5 | 2.2 | 6.9% |
| Turkey | 2.0 | 1.3 | 1.5 | 1.6 | -7.2% |
| Argentina | 1.3 | 1.0 | 1.6 | 1.3 | 0.0% |
| Indonesia | 1.0 | 0.9 | 1.1 | 1.1 | 3.2% |
| South Korea | 0.4 | 0.9 | 2.0 | 1.1 | 40.1% |
| Others | 18.5 | 13.7 | 11.7 | 7.9 | -24.7% |
| Total | 84.6 | 57.1 | 87.8 | 62.0 | -9.8% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from China in 2022:
- India (2400.4 tons)
- United States (1605.8 tons)
- Netherlands (1362.1 tons)
- Belgium (612.0 tons)
- Thailand (352.4 tons)
- Russia (302.0 tons)
- Japan (274.2 tons)
- Brazil (272.9 tons)
- Turkey (212.2 tons)
- South Korea (166.3 tons)
- Argentina (150.5 tons)
- Indonesia (141.0 tons)
Imports of Polyphenols; Resorcinol and Its Salts in China
After three years of growth, overseas purchases of polyphenols; resorcinol and its saltses decreased by -33.1% to 2.4K tons in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports reached the peak of 3.6K tons, and then declined markedly in the following year.
In value terms, polyphenols; resorcinol and its salts imports contracted remarkably to $17M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $24M, and then contracted remarkably in the following year.
| Import of Polyphenols; Resorcinol and Its Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.2 | 9.7 | 19.5 | 15.8 | 19.8% |
| India | 1.2 | 1.6 | 1.4 | 1.6 | 10.1% |
| Thailand | 2.5 | 5.9 | 3.4 | N/A | 16.6% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 12.9 | 17.2 | 24.3 | 17.4 | 10.5% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to China in 2022:
- Japan (2244.0 tons)
- India (143.3 tons)
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