Phenols; Phenol-Alcohols Price in Norway - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Norway (CIF) - 2023
- Phenols; Phenol-Alcohols Price in Norway (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in Norway
- Phenols; Phenol-Alcohols Exports in Norway
Phenols; Phenol-Alcohols Price in Norway (CIF) - 2023
In August 2023, the average phenols; phenol-alcohols import price amounted to $2,356 per ton, dropping by -29.8% against the previous month. Over the period under review, the import price showed a noticeable setback. The pace of growth was the most pronounced in April 2023 when the average import price increased by 35% m-o-m. As a result, import price reached the peak level of $3,846 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($5,490 per ton), while the price for Finland stood at $1,478 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (-0.8%).
Phenols; Phenol-Alcohols Price in Norway (FOB) - 2022
The average phenols; phenol-alcohols export price stood at $12,878 per ton in 2022, falling by -6% against the previous year. Overall, the export price, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2018 an increase of 48%. The export price peaked at $14,541 per ton in 2019; however, from 2020 to 2022, the 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 Greece ($14,290 per ton), while the average price for exports to Austria ($9,351 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 Gabon (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Imports in Norway
In 2022, the amount of phenols; phenol-alcoholses imported into Norway expanded modestly to 3.3K tons, surging by 4.4% against the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.1% 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 +57.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, phenols; phenol-alcohols imports expanded to $11M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +74.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Phenols; Phenol-Alcohols in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.1 | 3.5 | 6.0 | 5.6 | 21.8% |
| Finland | 1.9 | 1.3 | 3.2 | 4.3 | 31.3% |
| Belgium | 2.3 | 1.1 | 0.7 | 0.5 | -39.9% |
| Others | 0.2 | 0.2 | 0.5 | 0.3 | 14.5% |
| Total | 7.5 | 6.1 | 10.3 | 10.6 | 12.2% |
Top Suppliers of Phenols; Phenol-Alcohols to Norway in 2022:
- Finland (2297.3 tons)
- Japan (925.9 tons)
- Belgium (70.2 tons)
Phenols; Phenol-Alcohols Exports in Norway
For the third consecutive year, Norway recorded decline in shipments abroad of phenols; phenol-alcoholses, which decreased by -39.4% to 24 tons in 2022. Overall, exports showed a dramatic downturn. The smallest decline of -13% was in 2021.
In value terms, phenols; phenol-alcohols exports fell remarkably to $313K in 2022. Over the period under review, exports continue to indicate a sharp setback. The smallest decline of -10.7% was in 2021.
| Export of Phenols; Phenol-Alcohols in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 526 | 327 | 318 | 242 | -22.8% |
| Austria | 174 | 135 | 157 | 46.8 | -35.4% |
| Greece | 1.0 | 2.7 | 1.1 | 15.4 | 148.8% |
| Gabon | 101 | 141 | 70.2 | N/A | -16.6% |
| Others | 0.6 | 9.5 | 3.0 | 8.4 | 141.0% |
| Total | 803 | 615 | 550 | 313 | -27.0% |
Top Export Markets for Phenols; Phenol-Alcohols from Norway in 2022:
- Hungary (18.0 tons)
- Austria (5.0 tons)
- Greece (1.1 tons)
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