Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey - 2024
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey (CIF) - 2022
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey (FOB) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey (CIF) - 2022
In 2022, the average import price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,115 per ton, reducing by -24.6% against the previous year. Over the period under review, the import price showed a perceptible decline. The pace of growth appeared the most rapid in 2017 an increase of 55%. The import price peaked at $1,595 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Belgium ($1,598 per ton), while the price for the United States ($650 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey (FOB) - 2022
In 2022, the average export price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,627 per ton, surging by 4.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 74% against the previous year. The export price peaked at $1,727 per ton in 2013; however, from 2014 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 Egypt ($2,115 per ton), while the average price for exports to Bulgaria ($1,400 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 Greece (+0.1%).
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey
Imports of monophenols; phenol (hydroxybenzene) and its saltses into Turkey surged to 136K tons in 2022, growing by 203% compared with 2021 figures. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses skyrocketed to $151M in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 179% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 15.1 | 2.7 | 33.7 | 54.9 | 53.8% |
| United States | 2.8 | 8.1 | 7.2 | 40.1 | 142.8% |
| Russia | 0.1 | 0.4 | N/A | 18.7 | 471.8% |
| India | N/A | 0.2 | 21.7 | 18.1 | 851.3% |
| China | N/A | N/A | 3.0 | 10.6 | 253.3% |
| Finland | 4.5 | 7.3 | N/A | 7.9 | 20.6% |
| Belgium | 5.1 | 2.7 | N/A | 0.7 | -48.4% |
| Others | 0.4 | 2.2 | 0.5 | 0.2 | -20.6% |
| Total | 27.8 | 23.7 | 66.1 | 151 | 75.8% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Turkey in 2022:
- United States (61.6K tons)
- Spain (35.7K tons)
- Russia (12.5K tons)
- India (12.0K tons)
- China (7.2K tons)
- Finland (6.1K tons)
- Belgium (0.4K tons)
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey
In 2022, approx. 1.4K tons of monophenols; phenol (hydroxybenzene) and its saltses were exported from Turkey; surging by 88% compared with the previous year's figure. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses soared to $2.3M in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 144% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 585 | 423 | 1,068 | 2,027 | 51.3% |
| Egypt | N/A | N/A | N/A | 97.1 | 0% |
| Jordan | 77.3 | 46.9 | 88.9 | 87.8 | 4.3% |
| Bulgaria | N/A | N/A | N/A | 67.2 | 0% |
| Others | 10.1 | 10.1 | 14.9 | 24.9 | 35.1% |
| Total | 673 | 480 | 1,171 | 2,304 | 50.7% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from Turkey in 2022:
- Greece (1249.8 tons)
- Jordan (49.1 tons)
- Bulgaria (48.0 tons)
- Egypt (45.9 tons)
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