Price for Monophenols; Cresols and Their Salts in the UK - 2023
Contents:
- Price for Monophenols; Cresols and Their Salts in the UK (CIF) - 2022
- Price for Monophenols; Cresols and Their Salts in the UK (FOB) - 2022
- Imports of Monophenols; Cresols and Their Salts in the UK
- Exports of Monophenols; Cresols and Their Salts in the UK
Price for Monophenols; Cresols and Their Salts in the UK (CIF) - 2022
In 2022, the average import price for monophenols; cresols and their saltses amounted to $3,623 per ton, jumping by 36% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $3,720 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 China ($5,099 per ton), while the price for Belgium ($2,647 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Monophenols; Cresols and Their Salts in the UK (FOB) - 2022
In 2022, the average export price for monophenols; cresols and their saltses amounted to $2,740 per ton, with a decrease of -5.3% against the previous year. Over the period under review, the export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2017 an increase of 51% against the previous year. The export price peaked at $4,580 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($4,686 per ton), while the average price for exports to Pakistan ($921 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 Ghana (+3.7%), while the prices for the other major destinations experienced a decline.
Imports of Monophenols; Cresols and Their Salts in the UK
In 2022, the amount of monophenols; cresols and their saltses imported into the UK declined modestly to 17K tons, dropping by -2.2% on the year before. Overall, imports saw a deep reduction.
In value terms, monophenols; cresols and their salts imports skyrocketed to $62M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Monophenols; Cresols and Their Salts in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.1 | 27.2 | 35.4 | 40.5 | 5.9% |
| United States | 8.6 | 11.3 | 6.0 | 9.7 | 4.1% |
| Belgium | 8.5 | 7.1 | 0.1 | 5.9 | -11.5% |
| China | 0.6 | 2.6 | 4.4 | 5.0 | 102.7% |
| Others | 0.8 | 0.4 | 0.7 | 0.8 | 0.0% |
| Total | 52.6 | 48.7 | 46.5 | 62.0 | 5.6% |
Top Suppliers of Monophenols; Cresols and Their Salts to the UK in 2022:
- Germany (10.6K tons)
- United States (3.1K tons)
- Belgium (2.2K tons)
- China (1.0K tons)
Exports of Monophenols; Cresols and Their Salts in the UK
Monophenols; cresols and their salts exports from the UK soared to 388 tons in 2022, picking up by 60% compared with the previous year's figure. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 98%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, monophenols; cresols and their salts exports soared to $1.1M in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 61%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Monophenols; Cresols and Their Salts in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 157 | 220 | 51.1 | 387 | 35.1% |
| Ghana | 58.7 | 36.4 | 118 | 326 | 77.1% |
| Belgium | 13.9 | 32.3 | 47.0 | 130 | 110.7% |
| Pakistan | 38.1 | 18.4 | 29.2 | 80.6 | 28.4% |
| Singapore | 21.5 | 21.6 | 22.8 | 62.9 | 43.0% |
| Portugal | 3.4 | 8.0 | 10.2 | 28.2 | 102.4% |
| Colombia | 38.1 | N/A | N/A | N/A | 0% |
| Switzerland | N/A | 49.6 | 406 | N/A | 718.5% |
| Indonesia | 27.4 | N/A | N/A | N/A | 0% |
| Others | 7.5 | 48.4 | 17.8 | 49.4 | 87.5% |
| Total | 365 | 435 | 701 | 1,064 | 42.9% |
Top Export Markets for Monophenols; Cresols and Their Salts from the UK in 2022:
- Nigeria (149.1 tons)
- Pakistan (87.5 tons)
- Ghana (77.4 tons)
- Singapore (31.7 tons)
- Belgium (27.7 tons)
- Portugal (10.2 tons)
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