Price for Polyphenols; Resorcinol and Its Salts in Singapore - 2022
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Singapore (CIF) - 2022
- Price for Polyphenols; Resorcinol and Its Salts in Singapore (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Singapore
- Exports of Polyphenols; Resorcinol and Its Salts in Singapore
Price for Polyphenols; Resorcinol and Its Salts in Singapore (CIF) - 2022
In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $9,000 per ton, declining by -8% against the previous year. Overall, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 33%. Over the period under review, average import prices hit record highs at $11,687 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($14,517 per ton), while the price for Japan stood at $8,854 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.9%).
Price for Polyphenols; Resorcinol and Its Salts in Singapore (FOB) - 2022
In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $14,076 per ton, surging by 19% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($14,085 per ton) and Indonesia ($13,713 per ton), while the average price for exports to Thailand ($11,354 per ton) and Vietnam ($11,931 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 Thailand (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Resorcinol and Its Salts in Singapore
In 2022, approx. 41 tons of polyphenols; resorcinol and its saltses were imported into Singapore; stabilizing at the year before. Over the period under review, imports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 56%.
In value terms, polyphenols; resorcinol and its salts imports contracted to $369K in 2022. Overall, imports saw a precipitous descent. The pace of growth was the most pronounced in 2021 when imports increased by 30%.
| Import of Polyphenols; Resorcinol and Its Salts in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 811 | 133 | 280 | 354 | -24.1% |
| China | 135 | 170 | 118 | 14.5 | -52.5% |
| Others | 9.0 | 5.3 | 3.8 | 0.4 | -64.6% |
| Total | 956 | 309 | 402 | 369 | -27.2% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Singapore in 2022:
- Japan (40.0 tons)
- China (1.0 tons)
Exports of Polyphenols; Resorcinol and Its Salts in Singapore
In 2022, approx. 31 tons of polyphenols; resorcinol and its saltses were exported from Singapore; reducing by -4.3% against 2021. In general, exports faced a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year.
In value terms, polyphenols; resorcinol and its salts exports expanded rapidly to $432K in 2022. Over the period under review, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year.
| Export of Polyphenols; Resorcinol and Its Salts in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 166 | 75.0 | 164 | 184 | 3.5% |
| Australia | 103 | 80.1 | 107 | 84.5 | -6.4% |
| Indonesia | 174 | 19.9 | 31.5 | 52.5 | -32.9% |
| Malaysia | 157 | N/A | N/A | 42.9 | -35.1% |
| Vietnam | 57.2 | 11.3 | 76.5 | 11.9 | -40.7% |
| Pakistan | 66.9 | 73.5 | N/A | N/A | 9.9% |
| Others | 16.1 | N/A | 0.5 | 55.9 | 51.4% |
| Total | 740 | 260 | 380 | 432 | -16.4% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from Singapore in 2022:
- Thailand (16.2 tons)
- Australia (6.0 tons)
- Indonesia (3.8 tons)
- Malaysia (3.5 tons)
- Vietnam (1.0 tons)
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