Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Myanmar - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Myanmar (CIF) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Myanmar
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Myanmar (CIF) - 2022
The average import price for monophenols; phenol (hydroxybenzene) and its saltses stood at $966 per ton in 2022, growing by 35% against the previous year. Overall, the import price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2020 an increase of 64%. The import price peaked at $1,588 per ton in 2012; however, from 2013 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 Thailand ($1,264 per ton), while the price for South Korea ($253 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-2.3%), while the prices for the other major suppliers experienced a decline.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Myanmar
In 2022, overseas purchases of monophenols; phenol (hydroxybenzene) and its saltses decreased by -50.8% to 409 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 314% against the previous year. As a result, imports reached the peak of 831 tons, and then shrank significantly in the following year.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses reduced sharply to $395K in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 231%. As a result, imports attained the peak of $593K, and then dropped markedly in the following year.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.0 | 24.0 | 456 | 228 | 159.8% |
| Thailand | N/A | N/A | 71.5 | 151 | 111.2% |
| South Korea | 4.0 | 4.0 | 12.1 | 12.1 | 44.6% |
| Taiwan (Chinese) | 44.1 | 148 | 36.0 | N/A | -9.6% |
| Others | N/A | 2.9 | 17.8 | 4.3 | 21.8% |
| Total | 61.2 | 179 | 593 | 395 | 86.2% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Myanmar in 2022:
- China (239.6 tons)
- Thailand (119.3 tons)
- South Korea (48.0 tons)
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