Phenols; Phenol-Alcohols Price in Hungary - 2023

Phenols; Phenol-Alcohols Price in Hungary (CIF) - 2022

In 2022, the average phenols; phenol-alcohols import price amounted to $5,095 per ton, reducing by -5.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. Over the period under review, average import prices attained the maximum at $8,035 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Slovakia ($32,450 per ton), while the price for Germany ($2,849 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+32.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Phenols; Phenol-Alcohols Price in Hungary (FOB) - 2023

The average phenols; phenol-alcohols export price stood at $9,415 per ton in July 2023, falling by -52.7% against the previous month. Overall, the export price, however, recorded a mild expansion. The growth pace was the most rapid in August 2022 when the average export price increased by 2,496% against the previous month. As a result, the export price attained the peak level of $205K per ton. From September 2022 to July 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Romania ($14,710 per ton), while the average price for exports to Denmark amounted to $2,449 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Phenols; Phenol-Alcohols Imports in Hungary

In 2022, imports of phenols; phenol-alcoholses into Hungary reached 1.4K tons, surging by 8.1% on 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.9% 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 +99.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 82% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, phenols; phenol-alcohols imports rose to $7.3M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Phenols; Phenol-Alcohols in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1.0	0.9	2.3	2.0	26.0%
Slovakia	0.7	1.1	1.6	1.8	37.0%
Belgium	1.1	0.9	1.3	1.4	8.4%
India	0.9	1.4	1.0	0.7	-8.0%
Cyprus	N/A	N/A	N/A	0.2	0%
Italy	0.4	0.9	0.1	0.1	-37.0%
Others	1.6	1.3	0.9	0.9	-17.5%
Total	5.7	6.5	7.1	7.3	8.6%

Top Suppliers of Phenols; Phenol-Alcohols to Hungary in 2022:

Germany (706.5 tons)
Belgium (454.9 tons)
India (89.9 tons)
Slovakia (56.7 tons)
Cyprus (25.6 tons)
Italy (19.5 tons)

Phenols; Phenol-Alcohols Exports in Hungary

In 2022, the amount of phenols; phenol-alcoholses exported from Hungary declined markedly to 301 tons, with a decrease of -38.5% against the year before. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 7,289%. As a result, the exports reached the peak of 489 tons, and then dropped significantly in the following year.

In value terms, phenols; phenol-alcohols exports shrank remarkably to $4.2M in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 5,130%. As a result, the exports reached the peak of $5.4M, and then dropped remarkably in the following year.