Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in India - 2023
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in India (CIF) - 2023
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in India (FOB) - 2023
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in India
- Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in India
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in India (CIF) - 2023
In October 2023, the average import price for polyphenols; hydroquinone (quinol) and its saltses amounted to $5,883 per ton, surging by 7.9% against the previous month. In general, the import price, however, recorded a drastic downturn. Over the period under review, average import prices hit record highs at $10,675 per ton in November 2022; however, from December 2022 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from the United States ($6,004 per ton) and Japan ($5,938 per ton), while the price for China ($4,698 per ton) and Thailand ($5,049 per ton) were amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (-4.1%), while the prices for the other major suppliers experienced a decline.
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in India (FOB) - 2023
In October 2023, the average export price for polyphenols; hydroquinone (quinol) and its saltses amounted to $6,980 per ton, waning by -26.7% against the previous month. In general, the export price faced a deep reduction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 38% month-to-month. Over the period under review, the average export prices hit record highs at $22,839 per ton in November 2022; however, from December 2022 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was South Africa ($9,895 per ton), while the average price for exports to Cote d'Ivoire ($5,163 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in India
In 2022, purchases abroad of polyphenols; hydroquinone (quinol) and its saltses increased by 18% to 7.9K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt setback.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses soared to $76M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Polyphenols; Hydroquinone (Quinol) and Its Salts in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 17.0 | 16.7 | 8.9 | 25.6 | 14.6% |
| United States | 18.8 | 13.8 | 14.9 | 20.3 | 2.6% |
| France | 3.2 | 5.4 | 8.6 | 14.3 | 64.7% |
| China | 1.1 | 1.2 | 1.4 | 10.8 | 114.1% |
| Italy | 16.5 | 8.6 | 7.2 | 3.4 | -40.9% |
| Others | 1.1 | 0.6 | 0.1 | 1.4 | 8.4% |
| Total | 57.7 | 46.2 | 41.1 | 75.8 | 9.5% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to India in 2022:
- Japan (2.7K tons)
- United States (2.1K tons)
- France (1.5K tons)
- China (1.0K tons)
- Italy (0.3K tons)
Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in India
In 2022, the amount of polyphenols; hydroquinone (quinol) and its saltses exported from India rose remarkably to 1.2K tons, picking up by 7.8% compared with the previous year's figure. Over the period under review, exports, however, showed a abrupt decline.
In value terms, exports of polyphenols; hydroquinone (quinol) and its saltses skyrocketed to $17M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Polyphenols; Hydroquinone (Quinol) and Its Salts in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | N/A | N/A | N/A | 3,691 | 0% |
| Belgium | 1,476 | 1,095 | 2,678 | 2,547 | 19.9% |
| Democratic Republic of the Congo | 2,381 | 2,966 | 2,539 | 1,430 | -15.6% |
| United States | 1,056 | 568 | 874 | 1,316 | 7.6% |
| Togo | 631 | N/A | 240 | 1,014 | 17.1% |
| France | N/A | N/A | 20.2 | 950 | 4603.0% |
| Brazil | 468 | 557 | 251 | 855 | 22.2% |
| Turkey | 158 | 212 | 694 | 745 | 67.7% |
| Ghana | N/A | 219 | 755 | 675 | 75.6% |
| China | 234 | 66.1 | 406 | 583 | 35.6% |
| Malaysia | 137 | 163 | 63.3 | 338 | 35.1% |
| United Arab Emirates | 405 | 352 | 344 | 298 | -9.7% |
| Germany | 868 | 222 | 92.9 | 247 | -34.2% |
| Others | 4,828 | 2,674 | 3,488 | 2,581 | -18.8% |
| Total | 12,643 | 9,094 | 12,445 | 17,269 | 11.0% |
Top Export Markets for Polyphenols; Hydroquinone (Quinol) and Its Salts from India in 2022:
- Tanzania (260.0 tons)
- Belgium (227.6 tons)
- Democratic Republic of the Congo (113.0 tons)
- France (81.7 tons)
- Togo (70.0 tons)
- Brazil (66.0 tons)
- China (60.0 tons)
- Ghana (58.0 tons)
- United States (49.0 tons)
- Turkey (35.3 tons)
- Malaysia (26.0 tons)
- United Arab Emirates (20.9 tons)
- Germany (19.0 tons)
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