Price for Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof in South Africa - 2023

Contents:

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

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

The average import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves stood at $17,386 per ton in 2022, increasing by 6.5% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves increased by +71.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($97,473 per ton), while the price for Indonesia ($7,469 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves amounted to $3,270 per ton, dropping by -73.5% against the previous year. Overall, the export price saw a deep downturn. The growth pace was the most rapid in 2015 an increase of 296%. Over the period under review, the average export prices reached the peak figure at $12,347 per ton in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($12,857 per ton), while the average price for exports to Malawi ($2,241 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 Democratic Republic of the Congo (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Africa

Imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves into South Africa surged to 165 tons in 2022, increasing by 15% against 2021 figures. In general, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 50%. As a result, imports reached the peak of 322 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves surged to $2.9M in 2022. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 111% against the previous year. As a result, imports reached the peak of $4.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United Kingdom (108.6 tons)
2. India (37.4 tons)
3. Indonesia (14.6 tons)
4. China (2.3 tons)
5. Germany (1.8 tons)

Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Africa

In 2022, exports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves from South Africa fell significantly to 10 tons, shrinking by -56.3% compared with 2021 figures. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 158%. As a result, the exports reached the peak of 24 tons, and then reduced sharply in the following year.

In value terms, exports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves dropped dramatically to $34K in 2022. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 894%. As a result, the exports reached the peak of $296K, and then contracted sharply in the following year.

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

1. Malawi (4.2 tons)
2. Namibia (2.9 tons)
3. Mozambique (2.2 tons)
4. Zambia (0.5 tons)
5. Zimbabwe (0.4 tons)
6. Mauritius (0.2 tons)

Source: IndexBox Market Intelligence Platform