Price for Polyphenols; Resorcinol and Its Salts in Ireland - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Ireland (CIF) - 2022
- Price for Polyphenols; Resorcinol and Its Salts in Ireland (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Ireland
- Exports of Polyphenols; Resorcinol and Its Salts in Ireland
Price for Polyphenols; Resorcinol and Its Salts in Ireland (CIF) - 2022
The average import price for polyphenols; resorcinol and its saltses stood at $13,689 per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price recorded a temperate expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 349%. The import price peaked at $58,160 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 the United States ($63,032 per ton), while the price for the UK ($11,016 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Resorcinol and Its Salts in Ireland (FOB) - 2022
In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $14,042 per ton, flattening at the previous year. In general, the export price saw perceptible growth. The growth pace was the most rapid in 2013 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +4.9% per year.
Imports of Polyphenols; Resorcinol and Its Salts in Ireland
In 2022, purchases abroad of polyphenols; resorcinol and its saltses decreased by 0% to 862 kg, falling for the second consecutive year after two years of growth. Overall, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports reached the peak of 1.3 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, polyphenols; resorcinol and its salts imports totaled $12K in 2022. Over the period under review, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 97%. As a result, imports reached the peak of $78K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Polyphenols; Resorcinol and Its Salts in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 39.7 | 75.5 | N/A | 8.8 | -39.5% |
| United States | N/A | 2.0 | N/A | 2.0 | 0.0% |
| Belgium | N/A | N/A | N/A | 0.4 | 0% |
| Others | N/A | 0.5 | N/A | 0.6 | 9.5% |
| Total | 39.7 | 78.0 | N/A | 11.8 | -33.3% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Ireland in 2022:
- United Kingdom (802.0 kg)
- United States (31.0 kg)
- Belgium (16.0 kg)
Exports of Polyphenols; Resorcinol and Its Salts in Ireland
For the third consecutive year, Ireland recorded decline in overseas shipments of polyphenols; resorcinol and its saltses, which decreased by 0% to 694 kg in 2022. Overall, exports recorded a dramatic slump. The smallest decline of -44.3% was in 2020.
In value terms, polyphenols; resorcinol and its salts exports stood at $9.7K in 2022. Over the period under review, exports saw a dramatic contraction. The smallest decline of -40.3% was in 2020.
| Export of Polyphenols; Resorcinol and Its Salts in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 24.9 | 14.8 | N/A | 9.7 | -27.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 24.9 | 14.8 | N/A | 9.7 | -27.0% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from Ireland in 2022:
- United Kingdom (693.0 kg)
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