Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in the Philippines - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in the Philippines (CIF) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in the Philippines
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in the Philippines (CIF) - 2022
In 2022, the average import price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,405 per ton, surging by 2.5% against the previous year. In general, the import price posted a resilient increase. The growth pace was the most rapid in 2014 an increase of 79% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($1,625 per ton), while the price for Taiwan (Chinese) totaled $1,395 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in the Philippines
Imports of monophenols; phenol (hydroxybenzene) and its saltses into the Philippines expanded remarkably to 4.2K tons in 2022, increasing by 9.4% against the previous year. Overall, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 122%.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses expanded markedly to $5.9M in 2022. In general, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 221%.
Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 2.3 | 0.6 | 2.1 | 5.8 | 36.1% |
Singapore | 2.4 | 0.6 | 1.7 | N/A | -15.8% |
Thailand | 2.4 | 0.3 | 1.3 | N/A | -26.4% |
Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
Total | 7.3 | 1.6 | 5.3 | 5.9 | -6.9% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to the Philippines in 2022:
- Taiwan (Chinese) (4.2K tons)
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