Price for Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof in Hong Kong SAR - 2023

Contents:

1. Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Hong Kong SAR (CIF) - 2022
2. Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Hong Kong SAR (FOB) - 2022
3. Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Hong Kong SAR
4. Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Hong Kong SAR

Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Hong Kong SAR (CIF) - 2022

The average import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves stood at $5,741 per ton in 2022, with an increase of 38% against the previous year. In general, the import price posted strong growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 60% against the previous year. Over the period under review, average import prices hit record highs at $7,167 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to +7.0% per year.

Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Hong Kong SAR (FOB) - 2022

The average export price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves stood at $17,667 per ton in 2022, picking up by 351% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($45,444 per ton), while the average price for exports to China ($3,397 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 Taiwan (Chinese) (+35.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Hong Kong SAR

In 2022, approx. 4.1K tons of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves were imported into Hong Kong SAR; increasing by 2.5% against 2021. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 1,470%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves skyrocketed to $24M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,746%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof to Hong Kong SAR in 2022:

1. Israel (4.1K tons)

Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves, which decreased by -83.6% to 23 tons in 2022. Overall, exports continue to indicate a sharp downturn. The smallest decline of -1.9% was in 2020.

In value terms, exports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves fell notably to $404K in 2022. In general, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 9.9%. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof from Hong Kong SAR in 2022:

1. China (12.1 tons)
2. Taiwan (Chinese) (8.0 tons)
3. Thailand (2.3 tons)

Source: IndexBox Market Intelligence Platform