Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK - 2023
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK (CIF) - 2023
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK (FOB) - 2022
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK
- Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK (CIF) - 2023
In November 2023, the average import price for polyphenols; hydroquinone (quinol) and its saltses amounted to $8,861 per ton, rising by 9.6% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in February 2023 an increase of 17% month-to-month. As a result, import price reached the peak level of $9,171 per ton. From March 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($10,284 per ton), while the price for France stood at $6,412 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK (FOB) - 2022
In 2022, the average export price for polyphenols; hydroquinone (quinol) and its saltses amounted to $13,587 per ton, growing by 96% against the previous year. Overall, the export price, however, showed a mild downturn. Over the period under review, the average export prices attained the maximum at $16,090 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nigeria ($17,872 per ton) and Lebanon ($13,953 per ton), while the average price for exports to France ($12,775 per ton) and Belgium ($13,633 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK
In 2022, approx. 3.5K tons of polyphenols; hydroquinone (quinol) and its saltses were imported into the UK; rising by 58% against 2021. In general, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses soared to $25M in 2022. Over the period under review, imports posted a prominent increase. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.8 | 4.8 | 6.9 | 12.4 | 12.1% |
| France | 7.5 | 4.5 | 4.3 | 6.6 | -4.2% |
| United States | 1.7 | 2.1 | 2.0 | 5.4 | 47.0% |
| Others | 0.5 | 0.1 | N/A | 0.2 | -26.3% |
| Total | 18.5 | 11.5 | 13.2 | 24.5 | 9.8% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to the UK in 2022:
- Japan (1959.0 tons)
- France (849.3 tons)
- United States (709.0 tons)
Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK
In 2022, overseas shipments of polyphenols; hydroquinone (quinol) and its saltses decreased by -11.1% to 79 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 20%. As a result, the exports reached the peak of 561 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of polyphenols; hydroquinone (quinol) and its saltses surged to $1.1M in 2022. Over the period under review, exports recorded a sharp curtailment.
| Export of Polyphenols; Hydroquinone (Quinol) and Its Salts in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2,244 | 1,832 | 146 | 942 | -25.1% |
| Lebanon | 39.0 | 49.1 | 44.6 | 59.6 | 15.2% |
| Nigeria | 21.3 | 12.3 | 41.2 | 37.5 | 20.7% |
| France | 252 | 360 | 69.1 | 12.8 | -63.0% |
| Spain | 160 | 35.5 | 11.2 | 11.5 | -58.4% |
| Germany | 35.2 | 479 | N/A | N/A | 1260.8% |
| Poland | 145 | 2.0 | N/A | N/A | -98.6% |
| Others | 174 | 395 | 307 | 15.0 | -55.8% |
| Total | 3,071 | 3,165 | 619 | 1,079 | -29.4% |
Top Export Markets for Polyphenols; Hydroquinone (Quinol) and Its Salts from the UK in 2022:
- Belgium (69.1 tons)
- Lebanon (4.3 tons)
- Nigeria (2.1 tons)
- France (1.0 tons)
- Spain (1.0 tons)
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