Price for Polyphenols; Resorcinol and Its Salts in Argentina - 2023

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

The average import price for polyphenols; resorcinol and its saltses stood at $11,293 per ton in 2022, with an increase of 5.2% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols; resorcinol and its salts import price decreased by -7.1% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 57%. Over the period under review, average import prices reached the peak figure at $12,152 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($11,453 per ton), while the price for the United States ($9,216 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $5,907 per ton, picking up by 3.8% against the previous year. In general, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 37%. As a result, the export price attained the peak level of $8,949 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -0.9% per year.

Imports of Polyphenols; Resorcinol and Its Salts in Argentina

In 2022, polyphenols; resorcinol and its salts imports into Argentina contracted remarkably to 173 tons, with a decrease of -28.1% compared with 2021 figures. Over the period under review, imports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 94%. As a result, imports reached the peak of 241 tons, and then reduced markedly in the following year.

In value terms, polyphenols; resorcinol and its salts imports dropped rapidly to $2M in 2022. In general, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 72% against the previous year. As a result, imports attained the peak of $2.6M, and then contracted dramatically in the following year.

Import of Polyphenols; Resorcinol and Its Salts in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,960	1,076	2,025	1,699	-4.7%
Japan	165	157	265	248	14.5%
Others	149	273	295	9.1	-60.6%
Total	2,275	1,506	2,585	1,956	-4.9%

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

China (148.4 tons)
Japan (24.0 tons)

Exports of Polyphenols; Resorcinol and Its Salts in Argentina

After three years of growth, shipments abroad of polyphenols; resorcinol and its saltses decreased by -3.7% to 2.4 tons in 2022. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 8% against the previous year. As a result, the exports reached the peak of 2.5 tons, and then fell modestly in the following year.

In value terms, polyphenols; resorcinol and its salts exports contracted to $14K in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 0.1%.