Phenols; Phenol-Alcohols Price in Japan - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Japan (FOB) - 2023
- Phenols; Phenol-Alcohols Price in Japan (CIF) - 2023
- Phenols; Phenol-Alcohols Exports in Japan
- Phenols; Phenol-Alcohols Imports in Japan
Phenols; Phenol-Alcohols Price in Japan (FOB) - 2023
The average phenols; phenol-alcohols export price stood at $2,541 per ton in September 2023, increasing by 3.2% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 75% against the previous month. As a result, the export price attained the peak level of $3,583 per ton. From May 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($7,073 per ton), while the average price for exports to China ($1,647 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 Thailand (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in Japan (CIF) - 2023
In September 2023, the average phenols; phenol-alcohols import price amounted to $2,014 per ton, dropping by -5% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 32% m-o-m. Over the period under review, average import prices attained the maximum at $3,490 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($7,369 per ton), while the price for Taiwan (Chinese) ($1,287 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 Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Exports in Japan
In 2022, overseas shipments of phenols; phenol-alcoholses decreased by -21.8% to 224K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of 7.5% against the previous year. As a result, the exports reached the peak of 295K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, phenols; phenol-alcohols exports contracted significantly to $601M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports reached the peak of $761M, and then reduced remarkably in the following year.
Export of Phenols; Phenol-Alcohols in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 119 | 131 | 187 | 197 | 18.3% |
South Korea | 125 | 146 | 199 | 111 | -3.9% |
Thailand | 88.7 | 79.0 | 135 | 71.7 | -6.8% |
India | 49.1 | 61.8 | 45.0 | 54.6 | 3.6% |
United States | 51.2 | 43.4 | 61.8 | 50.7 | -0.3% |
Belgium | 47.2 | 36.5 | 50.9 | 33.0 | -11.2% |
Taiwan (Chinese) | 15.7 | 15.4 | 26.3 | 19.9 | 8.2% |
Others | 69.1 | 64.5 | 56.6 | 63.8 | -2.6% |
Total | 566 | 578 | 761 | 601 | 2.0% |
Top Export Markets for Phenols; Phenol-Alcohols from Japan in 2022:
- China (91.2K tons)
- South Korea (52.8K tons)
- Thailand (38.0K tons)
- India (9.9K tons)
- United States (7.2K tons)
- Taiwan (Chinese) (6.8K tons)
- Belgium (4.8K tons)
Phenols; Phenol-Alcohols Imports in Japan
After three years of growth, overseas purchases of phenols; phenol-alcoholses decreased by -10.9% to 167K tons in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 7.9% against the previous year.
In value terms, phenols; phenol-alcohols imports contracted to $381M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of $417M, and then dropped in the following year.
Import of Phenols; Phenol-Alcohols in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 112 | 104 | 151 | 159 | 12.4% |
China | 59.0 | 63.5 | 84.5 | 73.0 | 7.4% |
Taiwan (Chinese) | 39.6 | 39.6 | 93.9 | 56.6 | 12.6% |
Germany | 21.4 | 20.3 | 21.2 | 25.5 | 6.0% |
India | 11.9 | 10.0 | 15.0 | 20.4 | 19.7% |
United States | 19.7 | 20.3 | 16.6 | 19.8 | 0.2% |
Singapore | 12.7 | 5.8 | 14.3 | 11.3 | -3.8% |
Others | 14.0 | 12.3 | 20.6 | 15.4 | 3.2% |
Total | 290 | 276 | 417 | 381 | 9.5% |
Top Suppliers of Phenols; Phenol-Alcohols to Japan in 2022:
- South Korea (106.4K tons)
- Taiwan (Chinese) (26.2K tons)
- China (11.9K tons)
- Singapore (6.0K tons)
- Germany (5.5K tons)
- United States (5.2K tons)
- India (3.4K tons)
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