China - Monophenols - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonophenols Price in China - 2023
Contents:
- Monophenols Price in China (CIF) - 2023
- Monophenols Price in China (FOB) - 2023
- Monophenols Imports in China
- Monophenols Exports in China
Monophenols Price in China (CIF) - 2023
The average monophenols import price stood at $1,294 per ton in June 2023, surging by 8.1% against the previous month. In general, the import price, however, recorded a slight reduction. The pace of growth was the most pronounced in February 2023 when the average import price increased by 31% against the previous month. The import price peaked at $1,801 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($1,881 per ton), while the price for Thailand ($792 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (-0.7%), while the prices for the other major suppliers experienced a decline.
Monophenols Price in China (FOB) - 2023
In June 2023, the average monophenols export price amounted to $2,487 per ton, increasing by 39% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 59% against the previous month. Over the period under review, the average export prices hit record highs at $3,648 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United States ($8,261 per ton), while the average price for exports to Indonesia ($1,041 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Monophenols Imports in China
In 2022, purchases abroad of monophenols decreased by -18.4% to 474K tons, falling for the second year in a row after two years of growth. In general, imports recorded a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. As a result, imports reached the peak of 771K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, monophenols imports contracted slightly to $700M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of $714M, and then declined slightly in the following year.
| Import of Monophenols in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 155 | 113 | 208 | 172 | 3.5% |
| Taiwan (Chinese) | 57.1 | 141 | 118 | 127 | 30.5% |
| Japan | 72.4 | 56.9 | 66.6 | 96.3 | 10.0% |
| Thailand | 61.2 | 85.1 | 107 | 85.6 | 11.8% |
| Singapore | 49.8 | 64.1 | 64.2 | 73.3 | 13.8% |
| South Korea | 123 | 65.9 | 72.5 | 71.4 | -16.6% |
| United States | 20.9 | 32.8 | 13.1 | 24.9 | 6.0% |
| Others | 54.4 | 81.1 | 63.9 | 48.3 | -3.9% |
| Total | 594 | 640 | 714 | 700 | 5.6% |
Top Suppliers of Monophenols to China in 2022:
- Saudi Arabia (132.9K tons)
- Taiwan (Chinese) (96.4K tons)
- Thailand (70.1K tons)
- Japan (53.6K tons)
- South Korea (50.1K tons)
- Singapore (47.7K tons)
- United States (9.7K tons)
Monophenols Exports in China
In 2022, after three years of growth, there was significant decline in overseas shipments of monophenols, when their volume decreased by -47% to 113K tons. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 209%. As a result, the exports attained the peak of 214K tons, and then dropped remarkably in the following year.
In value terms, monophenols exports shrank sharply to $323M in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 110% against the previous year. As a result, the exports reached the peak of $424M, and then shrank remarkably in the following year.
| Export of Monophenols in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 63.2 | 73.1 | 214 | 113 | 21.4% |
| Japan | 34.7 | 48.3 | 70.5 | 51.2 | 13.8% |
| South Korea | 11.1 | 11.1 | 21.8 | 29.3 | 38.2% |
| Taiwan (Chinese) | 14.3 | 12.6 | 30.7 | 27.1 | 23.7% |
| United States | 8.9 | 9.1 | 9.7 | 20.2 | 31.4% |
| United Kingdom | 0.7 | 3.0 | 5.2 | 7.6 | 121.4% |
| Brazil | 3.2 | 3.9 | 3.7 | 6.7 | 27.9% |
| Turkey | 0.1 | 0.6 | 3.1 | 4.7 | 260.9% |
| Indonesia | 1.6 | 2.0 | 4.4 | 4.5 | 41.2% |
| Vietnam | 2.5 | 1.8 | 4.3 | 3.4 | 10.8% |
| Others | 37.3 | 36.9 | 56.6 | 55.8 | 14.4% |
| Total | 178 | 203 | 424 | 323 | 22.0% |
Top Export Markets for Monophenols from China in 2022:
- India (54.9K tons)
- Taiwan (Chinese) (10.9K tons)
- Japan (10.9K tons)
- South Korea (9.2K tons)
- United States (3.4K tons)
- Turkey (3.3K tons)
- United Kingdom (2.1K tons)
- Brazil (2.0K tons)
- Indonesia (1.9K tons)
- Vietnam (1.8K tons)
This report provides an in-depth analysis of the monophenols market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142410 - Monophenols
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2020, China boosted its phenol imports by +20% y-o-y to 1.5M tons. In value terms, they exceeded $1.7B. South Korea, Taiwan and Thailand constitute the key phenol suppliers to China, with a combined 58%-share of the total imports. Taiwan, the U.S., Thailand and Japan expanded their exports to China, while shipments from South Korea dropped in 2020.
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