Phenols; Phenol-Alcohols Price in Japan - 2023

Contents:

  1. Phenols; Phenol-Alcohols Price in Japan (FOB) - 2023
  2. Phenols; Phenol-Alcohols Price in Japan (CIF) - 2023
  3. Phenols; Phenol-Alcohols Exports in Japan
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
China11913118719718.3%
South Korea125146199111-3.9%
Thailand88.779.013571.7-6.8%
India49.161.845.054.63.6%
United States51.243.461.850.7-0.3%
Belgium47.236.550.933.0-11.2%
Taiwan (Chinese)15.715.426.319.98.2%
Others69.164.556.663.8-2.6%
Total5665787616012.0%

Top Export Markets for Phenols; Phenol-Alcohols from Japan in 2022:

  1. China (91.2K tons)
  2. South Korea (52.8K tons)
  3. Thailand (38.0K tons)
  4. India (9.9K tons)
  5. United States (7.2K tons)
  6. Taiwan (Chinese) (6.8K tons)
  7. 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)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea11210415115912.4%
China59.063.584.573.07.4%
Taiwan (Chinese)39.639.693.956.612.6%
Germany21.420.321.225.56.0%
India11.910.015.020.419.7%
United States19.720.316.619.80.2%
Singapore12.75.814.311.3-3.8%
Others14.012.320.615.43.2%
Total2902764173819.5%

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

  1. South Korea (106.4K tons)
  2. Taiwan (Chinese) (26.2K tons)
  3. China (11.9K tons)
  4. Singapore (6.0K tons)
  5. Germany (5.5K tons)
  6. United States (5.2K tons)
  7. India (3.4K tons)

Source: IndexBox Market Intelligence Platform

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