U.S. - Phenolic Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenolic Resins Price in the United States - 2023
Contents:
- Phenolic Resins Price in the United States (FOB) - 2023
- Phenolic Resins Price in the United States (CIF) - 2022
- Phenolic Resins Exports in the United States
- Phenolic Resins Imports in the United States
Phenolic Resins Price in the United States (FOB) - 2023
The average phenolic resins export price stood at $2,056 per ton in August 2023, waning by -12.2% against the previous month. In general, export price indicated prominent growth from August 2022 to August 2023: its price increased at an average monthly rate of +8.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, phenolic resins export price decreased by -16.7% against June 2023 indices. The pace of growth appeared the most rapid in September 2022 an increase of 190% against the previous month. Over the period under review, the average export prices attained the maximum at $2,466 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was China ($4,935 per ton), while the average price for exports to Canada ($1,292 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+11.9%), while the prices for the other major destinations experienced a decline.
Phenolic Resins Price in the United States (CIF) - 2022
In 2022, the average phenolic resins import price amounted to $2,365 per ton, picking up by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2014 when the average import price increased by 26%. As a result, import price reached the peak level of $2,468 per ton. From 2015 to 2022, the average 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 Japan ($6,291 per ton), while the price for Canada ($1,734 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenolic Resins Exports in the United States
Phenolic resins exports from the United States rose rapidly to 149K tons in 2022, surging by 6% compared with the previous year. The total export volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, phenolic resins exports totaled $236M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Phenolic Resins in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 83.2 | 71.7 | 89.9 | 92.3 | 3.5% |
| Mexico | 42.4 | 32.8 | 43.5 | 52.1 | 7.1% |
| China | 16.0 | 15.5 | 22.1 | 15.0 | -2.1% |
| Others | 72.8 | 55.5 | 76.8 | 76.3 | 1.6% |
| Total | 215 | 175 | 232 | 236 | 3.2% |
Top Export Markets for Phenolic Resins from the United States in 2022:
- Canada (116.6K tons)
- Mexico (15.1K tons)
- China (2.6K tons)
Phenolic Resins Imports in the United States
In 2022, approx. 55K tons of phenolic resins in primary forms were imported into the United States; shrinking by -7% compared with the previous year's figure. Over the period under review, imports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 59K tons, and then fell in the following year.
In value terms, phenolic resins imports rose remarkably to $130M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 39%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Phenolic Resins in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 58.5 | 43.3 | 60.8 | 69.0 | 5.7% |
| Singapore | 9.5 | 7.3 | 13.8 | 10.3 | 2.7% |
| Brazil | 5.2 | 5.6 | 6.8 | 9.2 | 20.9% |
| India | 7.1 | 2.7 | 5.7 | 7.6 | 2.3% |
| Japan | 6.1 | 3.5 | 6.3 | 7.3 | 6.2% |
| Germany | 8.8 | 8.4 | 7.8 | 7.0 | -7.3% |
| China | 12.0 | 5.7 | 4.2 | 4.4 | -28.4% |
| Others | 11.6 | 9.0 | 12.9 | 14.9 | 8.7% |
| Total | 119 | 85.4 | 118 | 130 | 3.0% |
Top Suppliers of Phenolic Resins to the United States in 2022:
- Canada (39.8K tons)
- Brazil (3.2K tons)
- Singapore (3.0K tons)
- Germany (1.6K tons)
- China (1.5K tons)
- Japan (1.2K tons)
- India (1.2K tons)
This report provides an in-depth analysis of the phenolic resins market in the U.S.. 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 20165650 - Phenolic resins, in primary forms
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
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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
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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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