Phenols; Phenol-Alcohols Price in Singapore - 2022
Contents:
- Phenols; Phenol-Alcohols Price in Singapore (FOB) - 2022
- Phenols; Phenol-Alcohols Price in Singapore (CIF) - 2022
- Phenols; Phenol-Alcohols Exports in Singapore
- Phenols; Phenol-Alcohols Imports in Singapore
Phenols; Phenol-Alcohols Price in Singapore (FOB) - 2022
In September 2022, the average phenols; phenol-alcohols export price amounted to $2,271 per ton, waning by -2.9% against the previous month. Over the period under review, the export price saw a slight curtailment. The growth pace was the most rapid in February 2022 an increase of 8.7% against the previous month. As a result, the export price reached the peak level of $2,881 per ton. From March 2022 to September 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Taiwan (Chinese) ($3,757 per ton), while the average price for exports to Israel ($1,996 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in Singapore (CIF) - 2022
In 2022, the average phenols; phenol-alcohols import price amounted to $2,753 per ton, picking up by 33% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $3,537 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Spain ($25,479 per ton), while the price for Malaysia ($1,668 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Exports in Singapore
After three years of growth, shipments abroad of phenols; phenol-alcoholses decreased by -43.7% to 241K tons in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of 428K tons, and then reduced remarkably in the following year.
In value terms, phenols; phenol-alcohols exports fell notably to $428M in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. As a result, the exports attained the peak of $620M, and then declined sharply in the following year.
| Export of Phenols; Phenol-Alcohols in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 177 | 197 | 375 | 228 | 8.8% |
| Thailand | 33.6 | 19.7 | 69.5 | 27.9 | -6.0% |
| Malaysia | 16.7 | 11.4 | 22.0 | 26.7 | 16.9% |
| India | 23.3 | 27.8 | 29.0 | 21.0 | -3.4% |
| South Korea | 39.4 | 27.2 | 24.7 | 20.3 | -19.8% |
| Indonesia | 14.2 | 9.3 | 19.3 | 16.5 | 5.1% |
| Taiwan (Chinese) | 5.2 | 1.4 | 7.1 | 14.3 | 40.1% |
| Germany | 0.7 | 2.0 | 8.1 | 11.6 | 154.9% |
| Japan | 12.4 | 5.5 | 14.4 | 10.9 | -4.2% |
| Israel | 6.1 | 5.8 | 19.1 | 10.8 | 21.0% |
| Jordan | 4.1 | 3.6 | 5.0 | 10.6 | 37.2% |
| United States | 13.3 | 5.0 | 7.1 | 8.7 | -13.2% |
| Australia | 9.2 | 5.1 | 8.6 | 5.3 | -16.8% |
| Others | 5.1 | 4.9 | 12.0 | 14.6 | 42.0% |
| Total | 360 | 326 | 620 | 428 | 5.9% |
Top Export Markets for Phenols; Phenol-Alcohols from Singapore in 2022:
- China (133.3K tons)
- Malaysia (16.8K tons)
- Thailand (16.4K tons)
- India (10.8K tons)
- Indonesia (10.4K tons)
- South Korea (9.4K tons)
- Taiwan (Chinese) (8.7K tons)
- Japan (5.7K tons)
- Israel (5.2K tons)
- Jordan (5.2K tons)
- Germany (5.0K tons)
- Australia (4.0K tons)
- United States (3.8K tons)
Phenols; Phenol-Alcohols Imports in Singapore
In 2022, supplies from abroad of phenols; phenol-alcoholses decreased by -26.1% to 23K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of 31K tons, and then dropped dramatically in the following year.
In value terms, phenols; phenol-alcohols imports contracted modestly to $64M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +43.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $65M, and then shrank slightly in the following year.
| Import of Phenols; Phenol-Alcohols in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 20.5 | 24.4 | 42.3 | 37.7 | 22.5% |
| China | 4.8 | 2.2 | 3.0 | 5.9 | 7.1% |
| United States | 3.1 | 4.9 | 3.2 | 4.8 | 15.7% |
| Germany | 2.0 | 3.2 | 3.5 | 4.6 | 32.0% |
| India | 1.6 | 0.9 | 2.3 | 3.0 | 23.3% |
| Italy | 0.7 | 0.9 | 0.9 | 0.8 | 4.6% |
| France | 6.0 | 4.0 | 1.9 | 0.1 | -74.5% |
| Saudi Arabia | N/A | N/A | 1.9 | N/A | 0% |
| Others | 5.7 | 4.1 | 5.6 | 6.9 | 6.6% |
| Total | 44.4 | 44.6 | 64.6 | 63.8 | 12.8% |
Top Suppliers of Phenols; Phenol-Alcohols to Singapore in 2022:
- Taiwan (Chinese) (18.2K tons)
- United States (1.4K tons)
- India (1.1K tons)
- China (0.6K tons)
- Italy (0.4K tons)
- Germany (0.4K tons)
- France (0.1K tons)
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