Price for Monophenols; Cresols and Their Salts in South Africa - 2023
Contents:
- Price for Monophenols; Cresols and Their Salts in South Africa (FOB) - 2023
- Price for Monophenols; Cresols and Their Salts in South Africa (CIF) - 2022
- Exports of Monophenols; Cresols and Their Salts in South Africa
- Imports of Monophenols; Cresols and Their Salts in South Africa
Price for Monophenols; Cresols and Their Salts in South Africa (FOB) - 2023
In July 2023, the average export price for monophenols; cresols and their saltses amounted to $1,758 per ton, rising by 29% against the previous month. Overall, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in February 2023 an increase of 37% m-o-m. The export price peaked at $2,178 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In July 2023, the country with the highest price was Belgium ($1,812 per ton), while the average price for exports to Taiwan (Chinese) totaled $1,557 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+15.2%), while the prices for the other major destinations experienced a decline.
Price for Monophenols; Cresols and Their Salts in South Africa (CIF) - 2022
In 2022, the average import price for monophenols; cresols and their saltses amounted to $7,220 per ton, waning by -23.6% against the previous year. In general, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 an increase of 188%. Over the period under review, average import prices hit record highs at $9,451 per ton in 2021, and then fell sharply in the following year.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +32.7% per year.
Exports of Monophenols; Cresols and Their Salts in South Africa
In 2022, approx. 8.2K tons of monophenols; cresols and their saltses were exported from South Africa; growing by 10% on 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 611% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, monophenols; cresols and their salts exports soared to $16M in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 960% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Monophenols; Cresols and Their Salts in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | 6.4 | 8.2 | 28.1% |
| India | 1.7 | 1.1 | 3.7 | 4.5 | 38.3% |
| Taiwan (Chinese) | N/A | N/A | 1.8 | 3.0 | 66.7% |
| Netherlands | N/A | N/A | N/A | 0.4 | 0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 1.7 | 1.1 | 12.0 | 16.1 | 111.6% |
Top Export Markets for Monophenols; Cresols and Their Salts from South Africa in 2022:
- Belgium (4.2K tons)
- India (2.6K tons)
- Taiwan (Chinese) (1.2K tons)
- Netherlands (0.2K tons)
Imports of Monophenols; Cresols and Their Salts in South Africa
In 2022, imports of monophenols; cresols and their saltses into South Africa soared to 16 tons, rising by 1,680% on the previous year. Over the period under review, imports, however, saw a slight curtailment.
In value terms, monophenols; cresols and their salts imports surged to $112K in 2022. Overall, imports enjoyed a strong expansion.
| Import of Monophenols; Cresols and Their Salts in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 56.7 | 163 | 0.8 | 110 | 24.7% |
| India | 11.7 | N/A | 4.5 | 0.4 | -67.5% |
| United Kingdom | 6.3 | 5.6 | N/A | N/A | -11.1% |
| Others | 0.1 | 1.8 | 2.9 | 2.3 | 184.4% |
| Total | 74.8 | 170 | 8.3 | 112 | 14.4% |
Top Suppliers of Monophenols; Cresols and Their Salts to South Africa in 2022:
- India (undefined tons)
- Germany (15.3 tons)
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