Price for Monophenols; Naphthols and Their Salts in India - 2023

Contents:

  1. Price for Monophenols; Naphthols and Their Salts in India (CIF) - 2023
  2. Price for Monophenols; Naphthols and Their Salts in India (FOB) - 2023
  3. Imports of Monophenols; Naphthols and Their Salts in India
  4. Exports of Monophenols; Naphthols and Their Salts in India

Price for Monophenols; Naphthols and Their Salts in India (CIF) - 2023

The average import price for monophenols; naphthols and their saltses stood at $2,235 per ton in July 2023, dropping by -13.4% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 24% month-to-month. As a result, import price reached the peak level of $3,835 per ton. From April 2023 to July 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -0.9% per month.

Price for Monophenols; Naphthols and Their Salts in India (FOB) - 2023

In July 2023, the average export price for monophenols; naphthols and their saltses amounted to $5,242 per ton, shrinking by -8.5% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 49% month-to-month. The export price peaked at $8,108 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($4,406 per ton), while the average price for exports to the United States ($2,105 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Monophenols; Naphthols and Their Salts in India

In 2022, the amount of monophenols; naphthols and their saltses imported into India contracted to 21K tons, with a decrease of -14.7% on the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.9% 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 +28.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 51%. As a result, imports attained the peak of 25K tons, and then reduced in the following year.

In value terms, monophenols; naphthols and their salts imports contracted significantly to $63M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports reached the peak of $74M, and then contracted remarkably in the following year.

Import of Monophenols; Naphthols and Their Salts in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China44.841.273.562.011.4%
Others1.10.60.70.7-14.0%
Total45.941.874.162.610.9%

Top Suppliers of Monophenols; Naphthols and Their Salts to India in 2022:

  1. China (21.2K tons)

Exports of Monophenols; Naphthols and Their Salts in India

For the fourth year in a row, India recorded growth in shipments abroad of monophenols; naphthols and their saltses, which increased by 137% to 8.8K tons in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, monophenols; naphthols and their salts exports skyrocketed to $20M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Monophenols; Naphthols and Their Salts in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan3.14.55.67.031.2%
United States6.24.65.16.41.1%
Bulgaria0.81.21.21.523.3%
Netherlands0.50.41.01.233.9%
Italy1.00.60.91.13.2%
Germany1.10.90.51.10.0%
Canada0.50.90.70.921.6%
Others1.10.90.91.22.9%
Total14.414.215.820.312.1%

Top Export Markets for Monophenols; Naphthols and Their Salts from India in 2022:

  1. Japan (3.4K tons)
  2. United States (3.2K tons)
  3. Netherlands (0.8K tons)
  4. Italy (0.3K tons)
  5. Germany (0.3K tons)
  6. Canada (0.1K tons)
  7. Bulgaria (0.1K tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Monophenols; naphthols and their salts - India