Price for Polyphenols; Resorcinol and Its Salts in Russia - 2022

Contents:

  1. Price for Polyphenols; Resorcinol and Its Salts in Russia (CIF) - 2022
  2. Price for Polyphenols; Resorcinol and Its Salts in Russia (FOB) - 2022
  3. Imports of Polyphenols; Resorcinol and Its Salts in Russia
  4. Exports of Polyphenols; Resorcinol and Its Salts in Russia

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

The average import price for polyphenols; resorcinol and its saltses stood at $11,285 per ton in 2022, surging by 3.4% against the previous year. Overall, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the maximum at $12,554 per ton in 2019; however, from 2020 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 the United States ($38,167 per ton), while the price for India ($10,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $16,619 per ton, rising by 12% against the previous year. In general, the export price saw a modest increase. The most prominent rate of growth was recorded in 2014 an increase of 193% against the previous year. Over the period under review, the average export prices reached the peak figure at $21,484 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($27,357 per ton), while the average price for exports to Belarus ($12,506 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 Belarus (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyphenols; Resorcinol and Its Salts in Russia

In 2022, after three years of growth, there was significant decline in overseas purchases of polyphenols; resorcinol and its saltses, when their volume decreased by -10.7% to 637 tons. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 713 tons, and then contracted in the following year.

In value terms, polyphenols; resorcinol and its salts imports contracted to $7.2M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, imports reached the peak of $7.8M, and then dropped in the following year.

Import of Polyphenols; Resorcinol and Its Salts in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.53.34.63.612.9%
India1.41.51.12.114.5%
Japan1.51.31.51.50.0%
Hong Kong SAR1.20.50.6N/A-29.3%
OthersN/AN/A0.1N/A0%
Total6.66.67.87.22.9%

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

  1. China (299.1 tons)
  2. India (202.3 tons)
  3. Japan (134.9 tons)

Exports of Polyphenols; Resorcinol and Its Salts in Russia

In 2022, polyphenols; resorcinol and its salts exports from Russia declined significantly to 3.1 tons, falling by -33.1% compared with 2021 figures. Overall, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 187%.

In value terms, polyphenols; resorcinol and its salts exports dropped rapidly to $52K in 2022. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year.

Export of Polyphenols; Resorcinol and Its Salts in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belarus63.10.849.828.1-23.6%
Kyrgyzstan0.31.1N/A17.1284.9%
Kazakhstan23.12.95.36.7-33.8%
Armenia7.51.12.3N/A-44.6%
GeorgiaN/A10.5N/AN/A0%
Uzbekistan18.88.37.2N/A-38.1%
AzerbaijanN/A8.3N/AN/A0%
Ukraine4.41.94.1N/A-3.5%
Others2.8N/A0.1N/A-81.1%
Total12034.868.851.8-24.4%

Top Export Markets for Polyphenols; Resorcinol and Its Salts from Russia in 2022:

  1. Belarus (2.2 tons)
  2. Kyrgyzstan (0.6 tons)
  3. Kazakhstan (0.3 tons)

Source: IndexBox Market Intelligence Platform

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