Price for Polyphenols; Resorcinol and Its Salts in India - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in India (CIF) - 2023
- Price for Polyphenols; Resorcinol and Its Salts in India (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in India
- Exports of Polyphenols; Resorcinol and Its Salts in India
Price for Polyphenols; Resorcinol and Its Salts in India (CIF) - 2023
The average import price for polyphenols; resorcinol and its saltses stood at $5,847 per ton in July 2023, therefore, remained relatively stable against the previous month. Over the period under review, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 5.3% month-to-month. Over the period under review, average import prices hit record highs at $8,384 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($6,013 per ton), while the price for China totaled $5,410 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (-2.9%).
Price for Polyphenols; Resorcinol and Its Salts in India (FOB) - 2022
In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $9,413 per ton, rising by 3.7% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 export price increased by +64.0% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($15,840 per ton), while the average price for exports to Turkey ($8,375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Resorcinol and Its Salts in India
In 2022, imports of polyphenols; resorcinol and its saltses into India shrank remarkably to 4.7K tons, dropping by -20.1% against 2021 figures. Over the period under review, imports saw a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of 5.9K tons, and then declined significantly in the following year.
In value terms, polyphenols; resorcinol and its salts imports contracted significantly to $39M in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports attained the peak of $52M, and then declined remarkably in the following year.
| Import of Polyphenols; Resorcinol and Its Salts in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 21.5 | 24.5 | 25.6 | 22.1 | 0.9% |
| China | 29.5 | 16.4 | 25.9 | 16.3 | -17.9% |
| Others | 0.6 | 0.3 | 0.3 | 0.2 | -30.7% |
| Total | 51.6 | 41.2 | 51.8 | 38.6 | -9.2% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to India in 2022:
- Japan (2.6K tons)
- China (2.1K tons)
Exports of Polyphenols; Resorcinol and Its Salts in India
In 2022, overseas shipments of polyphenols; resorcinol and its saltses decreased by -17.7% to 1.3K tons, falling for the second year in a row after two years of growth. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 36%. As a result, the exports reached the peak of 3K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, polyphenols; resorcinol and its salts exports shrank to $12M in 2022. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. As a result, the exports attained the peak of $27M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Polyphenols; Resorcinol and Its Salts in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 10.7 | 10.0 | 7.7 | 5.8 | -18.5% |
| Belgium | 2.7 | 8.6 | 0.3 | 1.9 | -11.1% |
| China | 0.9 | 1.5 | 1.4 | 1.4 | 15.9% |
| Turkey | 0.6 | 0.9 | 1.0 | 1.1 | 22.4% |
| Mexico | 0.7 | 0.7 | 0.9 | 0.6 | -5.0% |
| Germany | 1.2 | 1.4 | 0.6 | 0.6 | -20.6% |
| Indonesia | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| United States | 0.5 | 0.6 | 0.7 | 0.2 | -26.3% |
| Russia | 1.1 | 1.3 | 1.0 | 0.2 | -43.3% |
| Others | 1.5 | 1.3 | 0.7 | 0.4 | -35.6% |
| Total | 20.0 | 26.5 | 14.6 | 12.5 | -14.5% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from India in 2022:
- Netherlands (654.1 tons)
- Belgium (210.0 tons)
- China (144.3 tons)
- Turkey (127.7 tons)
- Mexico (61.3 tons)
- Germany (42.4 tons)
- Indonesia (30.0 tons)
- Russia (21.1 tons)
- United States (11.3 tons)
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