Phenols; Phenol-Alcohols Price in Nepal - 2022
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Phenols; Phenol-Alcohols Price in Nepal (CIF) - 2022
The average phenols; phenol-alcohols import price stood at $1,772 per ton in 2022, with an increase of 10% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. As a result, import price reached the peak level of $3,357 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,773 per ton), while the price for South Africa totaled $1,721 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-3.9%), while the prices for the other major suppliers experienced a decline.
Phenols; Phenol-Alcohols Imports in Nepal
In 2022, imports of phenols; phenol-alcoholses into Nepal soared to 1.6K tons, increasing by 56% against 2021. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 150%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, phenols; phenol-alcohols imports skyrocketed to $2.9M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 133%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Phenols; Phenol-Alcohols in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 900 | 649 | 1,588 | 2,796 | 45.9% |
| South Africa | 103 | 42.7 | 60.8 | 76.1 | -9.6% |
| Saudi Arabia | 23.6 | 22.6 | 25.0 | N/A | 2.9% |
| Others | 10.8 | 4.3 | 1.5 | 0.1 | -79.0% |
| Total | 1,037 | 718 | 1,675 | 2,872 | 40.4% |
Top Suppliers of Phenols; Phenol-Alcohols to Nepal in 2022:
- India (1576.7 tons)
- South Africa (44.2 tons)
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