Price for Polyphenols; Resorcinol and Its Salts in Spain - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Spain (CIF) - 2023
- Price for Polyphenols; Resorcinol and Its Salts in Spain (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Spain
- Exports of Polyphenols; Resorcinol and Its Salts in Spain
Price for Polyphenols; Resorcinol and Its Salts in Spain (CIF) - 2023
In July 2023, the average import price for polyphenols; resorcinol and its saltses amounted to $5,487 per ton, declining by -19.2% against the previous month. In general, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 17% m-o-m. Over the period under review, average import prices attained the peak figure at $7,464 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($14,227 per ton), while the price for France ($3,044 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Resorcinol and Its Salts in Spain (FOB) - 2022
In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $11,117 per ton, dropping by -61.9% against the previous year. Over the period under review, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices reached the maximum at $29,212 per ton in 2021, and then shrank significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($46,860 per ton), while the average price for exports to Morocco ($6,147 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 the Netherlands (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Resorcinol and Its Salts in Spain
In 2022, the amount of polyphenols; resorcinol and its saltses imported into Spain reached 822 tons, growing by 3.2% against the year before. In general, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 49%.
In value terms, polyphenols; resorcinol and its salts imports reduced modestly to $5.8M in 2022. Overall, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 41%.
| Import of Polyphenols; Resorcinol and Its Salts in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 3.9 | 2.3 | 4.0 | 4.1 | 1.7% |
| France | 0.7 | 0.4 | 0.4 | 0.5 | -10.6% |
| Belgium | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Germany | 0.1 | 0.2 | N/A | 0.2 | 26.0% |
| China | 0.7 | 0.8 | 0.9 | 0.2 | -34.1% |
| Others | 0.4 | 0.3 | 0.2 | 0.5 | 7.7% |
| Total | 6.2 | 4.2 | 5.9 | 5.8 | -2.2% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Spain in 2022:
- Switzerland (678.0 tons)
- France (51.6 tons)
- Belgium (29.5 tons)
- China (21.2 tons)
- Germany (16.5 tons)
Exports of Polyphenols; Resorcinol and Its Salts in Spain
For the fourth consecutive year, Spain recorded growth in shipments abroad of polyphenols; resorcinol and its saltses, which increased by 92% to 14 tons in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, polyphenols; resorcinol and its salts exports declined notably to $161K in 2022. Over the period under review, exports posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, the exports reached the peak of $220K, and then fell significantly in the following year.
| Export of Polyphenols; Resorcinol and Its Salts in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | N/A | N/A | N/A | 50.6 | 0% |
| France | 21.3 | 16.7 | 17.1 | 18.5 | -4.6% |
| Italy | 0.7 | 29.4 | 2.3 | 17.6 | 193.0% |
| Brazil | N/A | N/A | 0.8 | 14.4 | 1700.0% |
| Poland | 21.6 | 20.6 | 31.5 | 13.1 | -15.4% |
| Germany | 6.4 | 5.4 | 36.1 | 4.7 | -9.8% |
| Venezuela | 13.2 | 22.1 | 2.9 | 1.9 | -47.6% |
| Argentina | 18.6 | N/A | 63.0 | N/A | 84.0% |
| Bosnia and Herzegovina | N/A | N/A | 19.4 | N/A | 0% |
| Others | 17.8 | 30.3 | 47.0 | 40.1 | 31.1% |
| Total | 99.6 | 125 | 220 | 161 | 17.4% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from Spain in 2022:
- Morocco (8.2 tons)
- Italy (2.4 tons)
- France (1.7 tons)
- Brazil (0.7 tons)
- Poland (0.3 tons)
- Germany (0.1 tons)
- Venezuela (0.1 tons)
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