Phenols; Phenol-Alcohols Price in Tanzania - 2022
Contents:
- Phenols; Phenol-Alcohols Price in Tanzania (CIF) - 2022
- Phenols; Phenol-Alcohols Price in Tanzania (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in Tanzania
- Phenols; Phenol-Alcohols Exports in Tanzania
Phenols; Phenol-Alcohols Price in Tanzania (CIF) - 2022
In 2022, the average phenols; phenol-alcohols import price amounted to $2,928 per ton, growing by 21% against the previous year. In general, the import price posted a remarkable increase. The growth pace was the most rapid in 2018 when the average import price increased by 35%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,112 per ton), while the price for the United Arab Emirates ($1,568 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in Tanzania (FOB) - 2022
The average phenols; phenol-alcohols export price stood at $4,061 per ton in 2022, declining by -6% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phenols; phenol-alcohols export price increased by +73.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 84%. Over the period under review, the average export prices reached the peak figure at $4,731 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Malawi.
From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to +6.6% per year.
Phenols; Phenol-Alcohols Imports in Tanzania
In 2022, phenols; phenol-alcohols imports into Tanzania fell notably to 46 tons, waning by -57.8% compared with the year before. Over the period under review, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 187% against the previous year.
In value terms, phenols; phenol-alcohols imports dropped markedly to $135K in 2022. In general, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 265% against the previous year.
| Import of Phenols; Phenol-Alcohols in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 27.2 | 5.7 | 6.9 | 86.8 | 47.2% |
| Indonesia | 7.3 | 3.3 | 12.7 | 43.7 | 81.6% |
| China | 13.1 | 3.9 | 62.8 | 0.3 | -71.6% |
| Russia | 249 | 45.1 | 127 | N/A | -28.6% |
| Malaysia | 12.7 | N/A | N/A | N/A | 0% |
| Others | 62.4 | 14.5 | 55.0 | 3.8 | -60.7% |
| Total | 371 | 72.5 | 264 | 135 | -28.6% |
Top Suppliers of Phenols; Phenol-Alcohols to Tanzania in 2022:
- India (27.9 tons)
- Indonesia (16.8 tons)
- China (0.1 tons)
Phenols; Phenol-Alcohols Exports in Tanzania
Phenols; phenol-alcohols exports from Tanzania soared to 1.9 tons in 2022, rising by 45% compared with the year before. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 79%. As a result, the exports attained the peak of 2.1 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, phenols; phenol-alcohols exports skyrocketed to $7.8K in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Phenols; Phenol-Alcohols in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 4.2 | 4.9 | 5.7 | 7.8 | 22.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.2 | 4.9 | 5.7 | 7.8 | 22.9% |
Top Export Markets for Phenols; Phenol-Alcohols from Tanzania in 2022:
- Malawi (1.9 tons)
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