Price for Monophenols; Cresols and Their Salts in the United States - 2023
Contents:
- Price for Monophenols; Cresols and Their Salts in the United States (FOB) - 2022
- Price for Monophenols; Cresols and Their Salts in the United States (CIF) - 2022
- Exports of Monophenols; Cresols and Their Salts in the United States
- Imports of Monophenols; Cresols and Their Salts in the United States
Price for Monophenols; Cresols and Their Salts in the United States (FOB) - 2022
The average export price for monophenols; cresols and their saltses stood at $2,884 per ton in 2022, growing by 38% against the previous year. Overall, the export price, however, saw a slight curtailment. The export price peaked at $3,458 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,942 per ton), while the average price for exports to Italy ($685 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 Brazil (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Monophenols; Cresols and Their Salts in the United States (CIF) - 2022
In 2022, the average import price for monophenols; cresols and their saltses amounted to $5,763 per ton, rising by 49% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monophenols; cresols and their salts import price increased by +108.9% against 2019 indices. As a result, import price reached 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 Japan ($7,480 per ton), while the price for Germany ($3,977 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced a decline.
Exports of Monophenols; Cresols and Their Salts in the United States
In 2022, the amount of monophenols; cresols and their saltses exported from the United States fell to 14K tons, which is down by -9% on the previous year's figure. Over the period under review, exports faced a abrupt slump. The smallest decline of -8.9% was in 2021.
In value terms, monophenols; cresols and their salts exports skyrocketed to $41M in 2022. Overall, exports showed a relatively flat trend pattern.
| Export of Monophenols; Cresols and Their Salts in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 6.6 | 6.0 | 6.0 | 8.7 | 9.6% |
| United Kingdom | 10.5 | 4.1 | 3.3 | 6.4 | -15.2% |
| Japan | 2.8 | 3.9 | 3.4 | 5.3 | 23.7% |
| India | 1.8 | 4.1 | 2.9 | 5.3 | 43.3% |
| Mexico | 2.7 | 3.4 | 4.9 | 4.1 | 14.9% |
| China | 1.1 | 1.1 | N/A | 2.8 | 36.5% |
| Taiwan (Chinese) | 5.5 | 4.2 | 3.7 | 2.7 | -21.1% |
| South Korea | 5.4 | 2.8 | 5.9 | 1.7 | -32.0% |
| Germany | 2.2 | 2.1 | 0.3 | 1.1 | -20.6% |
| Others | 2.9 | 1.7 | 1.9 | 2.5 | -4.8% |
| Total | 41.5 | 33.4 | 32.4 | 40.7 | -0.6% |
Top Export Markets for Monophenols; Cresols and Their Salts from the United States in 2022:
- Belgium (2.9K tons)
- Japan (2.2K tons)
- United Kingdom (2.2K tons)
- India (1.5K tons)
- Taiwan (Chinese) (1.2K tons)
- Mexico (1.2K tons)
- China (0.7K tons)
- Germany (0.7K tons)
- South Korea (0.7K tons)
Imports of Monophenols; Cresols and Their Salts in the United States
In 2022, approx. 5.2K tons of monophenols; cresols and their saltses were imported into the United States; jumping by 58% on 2021 figures. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, monophenols; cresols and their salts imports surged to $30M in 2022. Overall, imports showed a significant expansion. 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 United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.6 | 2.4 | 8.0 | 22.2 | 83.4% |
| China | 0.1 | 0.1 | 0.2 | 3.6 | 230.2% |
| Germany | 3.1 | 4.1 | 4.0 | 2.0 | -13.6% |
| Japan | 0.4 | 0.2 | 0.4 | 1.9 | 68.1% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 7.4 | 6.8 | 12.7 | 29.8 | 59.1% |
Top Suppliers of Monophenols; Cresols and Their Salts to the United States in 2022:
- India (3.6K tons)
- China (0.8K tons)
- Germany (0.5K tons)
- Japan (0.3K tons)
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