Phenols; Phenol-Alcohols Price in China - 2023
Contents:
- Phenols; Phenol-Alcohols Price in China (CIF) - 2023
- Phenols; Phenol-Alcohols Price in China (FOB) - 2023
- Phenols; Phenol-Alcohols Imports in China
- Phenols; Phenol-Alcohols Exports in China
Phenols; Phenol-Alcohols Price in China (CIF) - 2023
In September 2023, the average phenols; phenol-alcohols import price amounted to $1,386 per ton, surging by 3.7% against the previous month. In general, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in February 2023 an increase of 34% month-to-month. Over the period under review, average import prices attained the maximum at $1,592 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,587 per ton), while the price for Saudi Arabia ($891 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Russia (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Phenols; Phenol-Alcohols Price in China (FOB) - 2023
In September 2023, the average phenols; phenol-alcohols export price amounted to $3,458 per ton, which is down by -3.1% against the previous month. Over the period under review, export price indicated a mild expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, phenols; phenol-alcohols export price increased by +50.0% against March 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 70% against the previous month. The export price peaked at $4,800 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United Arab Emirates ($12,584 per ton), while the average price for exports to Vietnam ($1,375 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Imports in China
In 2022, after three years of growth, there was significant decline in purchases abroad of phenols; phenol-alcoholses, when their volume decreased by -13.3% to 1.2M tons. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year.
In value terms, phenols; phenol-alcohols imports fell dramatically to $1.9B in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $2.2B, and then shrank rapidly in the following year.
| Import of Phenols; Phenol-Alcohols in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 410 | 319 | 516 | 395 | -1.2% |
| Singapore | 183 | 198 | 409 | 260 | 12.4% |
| Japan | 128 | 134 | 193 | 248 | 24.7% |
| Thailand | 219 | 237 | 330 | 233 | 2.1% |
| Saudi Arabia | 162 | 114 | 212 | 206 | 8.3% |
| United States | 48.9 | 65.5 | 46.1 | 69.6 | 12.5% |
| Taiwan (Chinese) | 189 | N/A | N/A | N/A | 0% |
| Others | 78.6 | 414 | 525 | 444 | 78.1% |
| Total | 1,419 | 1,481 | 2,231 | 1,856 | 9.4% |
Top Suppliers of Phenols; Phenol-Alcohols to China in 2022:
- South Korea (262.6K tons)
- Saudi Arabia (185.9K tons)
- Thailand (181.7K tons)
- Singapore (175.4K tons)
- Japan (122.7K tons)
- United States (22.6K tons)
Phenols; Phenol-Alcohols Exports in China
In 2022, shipments abroad of phenols; phenol-alcoholses decreased by -29.4% to 160K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 156%. As a result, the exports reached the peak of 227K tons, and then dropped markedly in the following year.
In value terms, phenols; phenol-alcohols exports contracted markedly to $541M in 2022. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 107% against the previous year. As a result, the exports attained the peak of $729M, and then shrank sharply in the following year.
| Export of Phenols; Phenol-Alcohols in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 88.2 | 90.8 | 294 | 149 | 19.1% |
| Japan | 50.2 | 63.7 | 106 | 71.4 | 12.5% |
| United States | 42.7 | 29.5 | 38.3 | 44.0 | 1.0% |
| South Korea | 18.9 | 21.5 | 42.0 | 41.8 | 30.3% |
| Netherlands | 11.1 | 14.6 | 38.8 | 21.9 | 25.4% |
| Brazil | 8.0 | 8.6 | 12.3 | 13.3 | 18.5% |
| United Arab Emirates | 0.6 | 4.1 | 14.1 | 13.3 | 180.9% |
| United Kingdom | 4.1 | 4.4 | 10.9 | 11.7 | 41.8% |
| Malaysia | 12.8 | 10.7 | 7.7 | 11.2 | -4.4% |
| Thailand | 3.4 | 4.8 | 8.4 | 7.9 | 32.4% |
| Indonesia | 2.7 | 2.9 | 7.0 | 6.5 | 34.0% |
| Others | 96.6 | 96.4 | 150 | 149 | 15.5% |
| Total | 339 | 352 | 729 | 541 | 16.9% |
Top Export Markets for Phenols; Phenol-Alcohols from China in 2022:
- India (68.2K tons)
- Japan (13.8K tons)
- South Korea (11.7K tons)
- United Arab Emirates (7.2K tons)
- United States (6.5K tons)
- Malaysia (5.8K tons)
- Netherlands (3.4K tons)
- Brazil (2.8K tons)
- Indonesia (2.5K tons)
- United Kingdom (2.5K tons)
- Thailand (2.5K tons)
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