Price for Polyphenols; Resorcinol and Its Salts in Finland - 2023

Price for Polyphenols; Resorcinol and Its Salts in Finland (CIF) - 2022

In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $8,663 per ton, declining by -11.3% against the previous year. Overall, the import price, however, continues to indicate moderate growth. The growth pace was the most rapid in 2018 when the average import price increased by 104% against the previous year. As a result, import price attained the peak level of $11,612 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($8,663 per ton), while the price for China totaled $8,663 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polyphenols; Resorcinol and Its Salts in Finland (FOB) - 2022

In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $9,590 per ton, waning by -23.1% against the previous year. Over the period under review, export price indicated a modest increase from 2014 to 2022: its price increased at an average annual rate of +1.9% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the peak figure at $12,463 per ton in 2021, and then shrank dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2014 to 2022, the rate of growth in terms of prices for Germany amounted to +18.7% per year.

Imports of Polyphenols; Resorcinol and Its Salts in Finland

In 2022, imports of polyphenols; resorcinol and its saltses into Finland skyrocketed to 216 tons, growing by 108% against the previous year. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyphenols; resorcinol and its salts imports skyrocketed to $1.9M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Polyphenols; Resorcinol and Its Salts in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	962	1,300	790	1,690	20.7%
Belgium	N/A	0.1	0.1	181	4154.4%
Germany	188	96.3	226	N/A	9.6%
Others	0.4	1.4	0.1	N/A	-50.0%
Total	1,150	1,397	1,016	1,871	17.6%

Top Suppliers of Polyphenols; Resorcinol and Its Salts to Finland in 2022:

China (195.1 tons)
Belgium (20.9 tons)

Exports of Polyphenols; Resorcinol and Its Salts in Finland

In 2022, approx. 90 tons of polyphenols; resorcinol and its saltses were exported from Finland; growing by 465% on 2021. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyphenols; resorcinol and its salts exports soared to $866K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.