Price for Polyphenols; Resorcinol and Its Salts in Australia - 2023

Contents:

  1. Price for Polyphenols; Resorcinol and Its Salts in Australia (CIF) - 2022
  2. Price for Polyphenols; Resorcinol and Its Salts in Australia (FOB) - 2022
  3. Imports of Polyphenols; Resorcinol and Its Salts in Australia
  4. Exports of Polyphenols; Resorcinol and Its Salts in Australia

Price for Polyphenols; Resorcinol and Its Salts in Australia (CIF) - 2022

The average import price for polyphenols; resorcinol and its saltses stood at $20,874 per ton in 2022, with a decrease of -18.4% against the previous year. In general, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 68% against the previous year. Over the period under review, average import prices hit record highs at $25,572 per ton in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($158,218 per ton), while the price for South Africa ($6,077 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polyphenols; Resorcinol and Its Salts in Australia (FOB) - 2022

In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $4,193 per ton, remaining stable against the previous year. Overall, the export price saw a deep slump. The pace of growth was the most pronounced in 2016 an increase of 60% against the previous year. As a result, the export price attained the peak level of $20,439 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($25,667 per ton), while the average price for exports to New Zealand ($1,044 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 India (-4.6%), while the prices for the other major destinations experienced a decline.

Imports of Polyphenols; Resorcinol and Its Salts in Australia

In 2022, polyphenols; resorcinol and its salts imports into Australia fell sharply to 16 tons, with a decrease of -21.2% on 2021. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of 20 tons, and then contracted rapidly in the following year.

In value terms, polyphenols; resorcinol and its salts imports shrank sharply to $324K in 2022. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. As a result, imports reached the peak of $504K, and then reduced remarkably in the following year.

Import of Polyphenols; Resorcinol and Its Salts in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom80.117629820937.7%
Japan35.262.466.587.035.2%
New Zealand6.29.98.29.214.1%
South Africa5.15.31.83.2-14.4%
Singapore21.712.721.4N/A-0.7%
Others10716.510816.1-46.8%
Total2552835043248.3%

Top Suppliers of Polyphenols; Resorcinol and Its Salts to Australia in 2022:

  1. United Kingdom (7.8 tons)
  2. Japan (6.0 tons)
  3. New Zealand (1.0 tons)
  4. South Africa (0.5 tons)

Exports of Polyphenols; Resorcinol and Its Salts in Australia

In 2022, the amount of polyphenols; resorcinol and its saltses exported from Australia was estimated at 176 kg, remaining stable against 2021. Over the period under review, exports recorded a precipitous decline. The smallest decline of 99.9% was in 2021.

In value terms, polyphenols; resorcinol and its salts exports totaled $738 in 2022. Overall, exports saw a dramatic shrinkage. The smallest decline of 99.9% was in 2021.

Export of Polyphenols; Resorcinol and Its Salts in Australia (USD)
COUNTRY202020212022CAGR,
2020-2022
India1,142N/A596-27.8%
Fiji65.0N/A77.08.8%
New Zealand229N/A47.0-54.7%
Others41.0N/A18.0-33.7%
Total1,477N/A738-29.3%

Top Export Markets for Polyphenols; Resorcinol and Its Salts from Australia in 2022:

  1. India (127.0 kg)
  2. New Zealand (45.0 kg)
  3. Fiji (3.0 kg)

Source: IndexBox Market Intelligence Platform

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