Price for Monophenols; Cresols and Their Salts in India - 2023
Contents:
- Price for Monophenols; Cresols and Their Salts in India (FOB) - 2022
- Price for Monophenols; Cresols and Their Salts in India (CIF) - 2023
- Exports of Monophenols; Cresols and Their Salts in India
- Imports of Monophenols; Cresols and Their Salts in India
Price for Monophenols; Cresols and Their Salts in India (FOB) - 2022
In 2022, the average export price for monophenols; cresols and their saltses amounted to $3,241 per ton, falling by -5.3% against the previous year. In general, the export price saw a slight downturn. The growth pace was the most rapid in 2014 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $4,140 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,213 per ton), while the average price for exports to Germany ($2,377 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 the United States (+4.0%), while the prices for the other major destinations experienced a decline.
Price for Monophenols; Cresols and Their Salts in India (CIF) - 2023
In July 2023, the average import price for monophenols; cresols and their saltses amounted to $2,285 per ton, jumping by 24% against the previous month. In general, the import price, however, showed a pronounced contraction. The growth pace was the most rapid in November 2022 an increase of 36% against the previous month. As a result, import price reached the peak level of $3,966 per ton. From December 2022 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($3,249 per ton), while the price for South Africa ($1,325 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Monophenols; Cresols and Their Salts in India
Monophenols; cresols and their salts exports from India surged to 27K tons in 2022, rising by 94% against 2021 figures. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, monophenols; cresols and their salts exports soared to $89M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Monophenols; Cresols and Their Salts in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.2 | 12.6 | 16.3 | 27.9 | 44.7% |
| Germany | 14.9 | 9.3 | 10.1 | 19.3 | 9.0% |
| South Korea | 4.5 | 1.9 | 7.6 | 12.9 | 42.1% |
| China | 6.1 | 3.5 | 6.0 | 10.2 | 18.7% |
| France | 2.5 | 1.2 | 2.7 | 4.6 | 22.5% |
| Spain | 4.2 | 2.8 | 1.0 | 4.6 | 3.1% |
| Netherlands | 1.4 | 0.9 | 1.3 | 2.3 | 18.0% |
| Others | 5.4 | 2.8 | 3.6 | 7.3 | 10.6% |
| Total | 48.2 | 35.0 | 48.6 | 89.1 | 22.7% |
Top Export Markets for Monophenols; Cresols and Their Salts from India in 2022:
- Germany (8.1K tons)
- South Korea (4.7K tons)
- United States (4.5K tons)
- China (3.6K tons)
- Spain (1.9K tons)
- France (1.7K tons)
- Netherlands (0.9K tons)
Imports of Monophenols; Cresols and Their Salts in India
In 2022, purchases abroad of monophenols; cresols and their saltses decreased by -14% to 13K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 when imports increased by 4.9% against the previous year. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, monophenols; cresols and their salts imports contracted modestly to $42M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, imports attained the peak of $45M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Monophenols; Cresols and Their Salts in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.2 | 12.8 | 12.3 | 11.3 | 7.1% |
| China | 6.1 | 13.7 | 11.3 | 10.4 | 19.5% |
| South Africa | 5.1 | 4.0 | 6.3 | 5.8 | 4.4% |
| Germany | 2.9 | 7.7 | 5.3 | 4.9 | 19.1% |
| Japan | 5.7 | 5.8 | 3.6 | 4.6 | -6.9% |
| Belgium | 3.2 | 0.3 | 3.9 | 3.6 | 4.0% |
| Netherlands | 0.8 | 0.4 | 0.8 | 0.7 | -4.4% |
| Others | 0.9 | 0.3 | 0.4 | 0.4 | -23.7% |
| Total | 33.9 | 44.9 | 43.8 | 41.6 | 7.1% |
Top Suppliers of Monophenols; Cresols and Their Salts to India in 2022:
- United States (4.0K tons)
- South Africa (3.5K tons)
- China (2.2K tons)
- Japan (1.2K tons)
- Germany (1.1K tons)
- Belgium (0.6K tons)
- Netherlands (0.2K tons)
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