Phenols; Phenol-Alcohols Price in Estonia - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Estonia (FOB) - 2022
- Phenols; Phenol-Alcohols Price in Estonia (CIF) - 2022
- Phenols; Phenol-Alcohols Exports in Estonia
- Phenols; Phenol-Alcohols Imports in Estonia
Phenols; Phenol-Alcohols Price in Estonia (FOB) - 2022
The average phenols; phenol-alcohols export price stood at $2,424 per ton in 2022, jumping by 18% against the previous year. In general, the export price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 278% against the previous year. As a result, the export price reached the peak level of $12,463 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($13,460 per ton), while the average price for exports to Thailand ($1,650 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in Estonia (CIF) - 2022
The average phenols; phenol-alcohols import price stood at $12,784 per ton in 2022, with a decrease of -20.3% against the previous year. In general, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2021 an increase of 239% against the previous year. As a result, import price attained the peak level of $16,040 per ton, and then declined rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($161,113 per ton), while the price for Russia ($2,471 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Exports in Estonia
In 2022, shipments abroad of phenols; phenol-alcoholses decreased by -2.9% to 2.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 94%.
In value terms, phenols; phenol-alcohols exports rose sharply to $5.5M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 38%. 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 Phenols; Phenol-Alcohols in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,689 | 2,758 | 2,722 | 2,701 | 16.9% |
| Russia | N/A | 0.1 | 53.2 | 933 | 9559.2% |
| Thailand | 34.9 | 83.4 | 327 | 742 | 177.0% |
| India | 224 | 672 | 538 | 464 | 27.5% |
| Italy | 154 | 82.8 | 74.8 | 163 | 1.9% |
| Others | 1,323 | 1,118 | 1,035 | 458 | -29.8% |
| Total | 3,425 | 4,715 | 4,750 | 5,462 | 16.8% |
Top Export Markets for Phenols; Phenol-Alcohols from Estonia in 2022:
- China (1506.8 tons)
- Thailand (450.0 tons)
- India (145.0 tons)
- Russia (69.3 tons)
- Italy (60.4 tons)
Phenols; Phenol-Alcohols Imports in Estonia
In 2022, purchases abroad of phenols; phenol-alcoholses decreased by -38% to 7.2 tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed perceptible growth. The growth pace was the most rapid in 2020 with an increase of 361% against the previous year. As a result, imports reached the peak of 29 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, phenols; phenol-alcohols imports dropped markedly to $92K in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 160% against the previous year.
| Import of Phenols; Phenol-Alcohols in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.7 | 27.5 | 31.3 | 26.4 | 14.3% |
| China | 7.6 | 14.4 | 21.9 | 22.9 | 44.4% |
| Netherlands | 12.1 | 44.7 | 90.8 | 17.1 | 12.2% |
| Lithuania | N/A | N/A | N/A | 10.3 | 0% |
| Australia | 0.8 | 3.3 | 2.3 | 2.7 | 50.0% |
| Switzerland | 1.9 | 0.7 | 1.1 | 1.6 | -5.6% |
| India | 0.1 | 0.1 | 1.6 | 1.4 | 141.0% |
| Germany | 1.7 | 0.7 | 21.8 | 1.3 | -8.6% |
| France | 1.0 | 0.2 | 1.2 | 0.1 | -53.6% |
| Russia | 3.8 | 40.3 | 0.1 | N/A | -83.8% |
| Others | 5.8 | 4.9 | 14.0 | 8.1 | 11.8% |
| Total | 52.5 | 137 | 186 | 91.9 | 20.5% |
Top Suppliers of Phenols; Phenol-Alcohols to Estonia in 2022:
- United States (4233.0 kg)
- Lithuania (1201.0 kg)
- Netherlands (547.0 kg)
- Switzerland (336.0 kg)
- India (325.0 kg)
- Germany (143.0 kg)
- China (142.0 kg)
- France (45.0 kg)
- Australia (18.0 kg)
- Russia (17.0 kg)
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