Phenols; Phenol-Alcohols Price in Spain - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Spain (CIF) - 2022
- Phenols; Phenol-Alcohols Price in Spain (FOB) - 2023
- Phenols; Phenol-Alcohols Imports in Spain
- Phenols; Phenol-Alcohols Exports in Spain
Phenols; Phenol-Alcohols Price in Spain (CIF) - 2022
In 2022, the average phenols; phenol-alcohols import price amounted to $3,998 per ton, picking up by 66% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($10,589 per ton), while the price for France ($1,636 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in Spain (FOB) - 2023
The average phenols; phenol-alcohols export price stood at $8,749 per ton in August 2023, which is down by -26.5% against the previous month. Over the period under review, the export price continues to indicate a slight slump. The pace of growth was the most pronounced in July 2023 when the average export price increased by 125% m-o-m. Over the period under review, the average export prices hit record highs at $12,317 per ton in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the Netherlands ($17,511 per ton), while the average price for exports to the Czech Republic ($1,554 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Imports in Spain
In 2022, the amount of phenols; phenol-alcoholses imported into Spain dropped remarkably to 16K tons, with a decrease of -54.2% against the previous year's figure. In general, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 111%. As a result, imports reached the peak of 35K tons, and then fell significantly in the following year.
In value terms, phenols; phenol-alcohols imports fell markedly to $64M in 2022. Over the period under review, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +2.7% 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 +25.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. As a result, imports reached the peak of $84M, and then plummeted in the following year.
| Import of Phenols; Phenol-Alcohols in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.6 | 15.6 | 20.0 | 21.3 | 10.9% |
| China | 9.2 | 9.0 | 9.7 | 11.3 | 7.1% |
| India | 9.5 | 8.7 | 8.0 | 7.5 | -7.6% |
| Belgium | 6.3 | 3.6 | 8.8 | 4.6 | -10.0% |
| Poland | 2.8 | 1.8 | 2.8 | 3.5 | 7.7% |
| Netherlands | 0.6 | 1.8 | 1.8 | 2.5 | 60.9% |
| France | 1.9 | 1.3 | 16.2 | 2.3 | 6.6% |
| Saudi Arabia | N/A | N/A | 4.9 | N/A | 0% |
| Others | 13.5 | 9.3 | 12.0 | 11.5 | -5.2% |
| Total | 59.4 | 51.2 | 84.4 | 64.3 | 2.7% |
Top Suppliers of Phenols; Phenol-Alcohols to Spain in 2022:
- Germany (6.3K tons)
- Belgium (1.5K tons)
- France (1.4K tons)
- Poland (1.3K tons)
- India (1.3K tons)
- Netherlands (1.2K tons)
- China (1.1K tons)
Phenols; Phenol-Alcohols Exports in Spain
For the third consecutive year, Spain recorded decline in shipments abroad of phenols; phenol-alcoholses, which decreased by -9.8% to 8.8K tons in 2022. In general, exports continue to indicate a precipitous shrinkage. The smallest decline of -7.3% was in 2021.
In value terms, phenols; phenol-alcohols exports soared to $48M in 2022. Overall, exports recorded a noticeable shrinkage.
| Export of Phenols; Phenol-Alcohols in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.0 | 8.5 | 9.0 | 10.1 | 13.0% |
| Switzerland | 2.4 | 2.6 | 3.0 | 5.8 | 34.2% |
| France | 2.9 | 2.5 | 3.1 | 5.2 | 21.5% |
| Belgium | 1.7 | 1.7 | 3.5 | 5.2 | 45.2% |
| Japan | 2.3 | 1.0 | 2.6 | 4.6 | 26.0% |
| United States | 1.5 | 1.9 | 3.6 | 3.7 | 35.1% |
| United Kingdom | 1.1 | 1.3 | 0.7 | 3.0 | 39.7% |
| Netherlands | 9.8 | 3.4 | 2.2 | 2.2 | -39.2% |
| Italy | 5.7 | 4.5 | 2.4 | 2.0 | -29.5% |
| Czech Republic | 0.6 | 0.3 | 2.9 | 0.7 | 5.3% |
| Brazil | 5.5 | 3.3 | 0.7 | 0.2 | -66.9% |
| Others | 10.4 | 9.3 | 6.7 | 5.3 | -20.1% |
| Total | 51.0 | 40.3 | 40.5 | 48.0 | -2.0% |
Top Export Markets for Phenols; Phenol-Alcohols from Spain in 2022:
- Germany (1363.7 tons)
- Switzerland (1152.7 tons)
- Netherlands (1127.9 tons)
- Belgium (970.7 tons)
- France (828.1 tons)
- Japan (806.4 tons)
- United States (644.9 tons)
- United Kingdom (529.4 tons)
- Czech Republic (324.4 tons)
- Italy (300.8 tons)
- Brazil (42.5 tons)
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