Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan (CIF) - 2023
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan (FOB) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan (CIF) - 2023
In August 2023, the average import price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,099 per ton, declining by -99.2% against the previous month. In general, the import price saw a slight descent. The growth pace was the most rapid in July 2023 an increase of 13,781% against the previous month. As a result, import price attained the peak level of $144K per ton, and then shrank sharply in the following month.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From August 2022 to August 2023, the rate of growth in terms of prices for South Korea amounted to -1.0% per month.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan (FOB) - 2022
In 2022, the average export price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,250 per ton, increasing by 39% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $1,425 per ton in 2014; however, from 2015 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 Thailand ($2,136 per ton), while the average price for exports to Australia ($1,180 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 Thailand (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan
In 2022, overseas purchases of monophenols; phenol (hydroxybenzene) and its saltses decreased by -2.8% to 86K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, imports attained the peak of 104K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses expanded remarkably to $113M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 27%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 84.9 | 80.5 | 86.0 | 110 | 9.0% |
| Singapore | 1.8 | 0.8 | 2.0 | 2.5 | 11.6% |
| Others | 2.5 | 0.1 | 15.1 | N/A | 145.8% |
| Total | 89.2 | 81.5 | 103 | 113 | 8.2% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Japan in 2022:
- South Korea (84.4K tons)
- Singapore (2.0K tons)
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan
In 2022, exports of monophenols; phenol (hydroxybenzene) and its saltses from Japan skyrocketed to 53K tons, rising by 21% compared with 2021. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses skyrocketed to $66M in 2022. Over the period under review, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.7 | 13.7 | 26.3 | 53.5 | 16.7% |
| New Zealand | 2.7 | 1.6 | 2.1 | 3.8 | 12.1% |
| Taiwan (Chinese) | 1.7 | N/A | 10.2 | 3.7 | 29.6% |
| South Korea | 2.0 | N/A | N/A | 3.2 | 17.0% |
| Australia | N/A | 0.9 | N/A | 1.1 | 10.6% |
| Thailand | 4.7 | 10.5 | 0.1 | 0.1 | -72.3% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 45.1 | 26.8 | 38.9 | 65.7 | 13.4% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from Japan in 2022:
- China (43.4K tons)
- Taiwan (Chinese) (3.1K tons)
- New Zealand (3.0K tons)
- South Korea (2.0K tons)
- Australia (1.0K tons)
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