Price for Polyphenols; Resorcinol and Its Salts in the Philippines - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in the Philippines (CIF) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in the Philippines
Price for Polyphenols; Resorcinol and Its Salts in the Philippines (CIF) - 2022
The average import price for polyphenols; resorcinol and its saltses stood at $13,689 per ton in 2022, picking up by 5.4% against the previous year. In general, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 117%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +5.5% per year.
Imports of Polyphenols; Resorcinol and Its Salts in the Philippines
In 2022, overseas purchases of polyphenols; resorcinol and its saltses decreased by -51% to 2.6 tons, falling for the second consecutive year after two years of growth. In general, imports saw a sharp curtailment. The growth pace was the most rapid in 2020 when imports increased by 155% against the previous year. As a result, imports attained the peak of 16 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, polyphenols; resorcinol and its salts imports fell markedly to $36K in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 234%. As a result, imports attained the peak of $180K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Polyphenols; Resorcinol and Its Salts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 140 | 68.9 | 35.3 | -49.8% |
| Taiwan (Chinese) | 53.9 | 37.4 | N/A | N/A | -30.6% |
| Others | N/A | 2.8 | 0.2 | 0.3 | -67.3% |
| Total | 53.9 | 180 | 69.1 | 35.7 | -12.8% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to the Philippines in 2022:
- China (2.6 tons)
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