Price for Polyphenols; Resorcinol and Its Salts in Belarus - 2022

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

The average import price for polyphenols; resorcinol and its saltses stood at $13,312 per ton in 2022, increasing by 4.3% against the previous year. Over the period under review, the import price showed a remarkable increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum at $14,105 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($17,823 per ton), while the price for the United States ($5,143 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $15,667 per ton, growing by 62% against the previous year. Overall, the export price continues to indicate significant growth. The growth pace was the most rapid in 2019 an increase of 235% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +20.7% per year.

Imports of Polyphenols; Resorcinol and Its Salts in Belarus

In 2022, approx. 149 tons of polyphenols; resorcinol and its saltses were imported into Belarus; reducing by -15% compared with the year before. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2021 when imports increased by 43%.

In value terms, polyphenols; resorcinol and its salts imports shrank to $2M in 2022. Overall, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year.

Import of Polyphenols; Resorcinol and Its Salts in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	817	648	1,195	1,095	10.3%
Russia	42.4	18.4	38.3	393	110.1%
China	979	894	739	260	-35.7%
Japan	275	80.1	168	154	-17.6%
United States	153	45.6	52.3	41.0	-35.5%
Netherlands	74.1	13.4	17.9	16.4	-39.5%
Others	80.2	26.2	20.9	19.8	-37.3%
Total	2,421	1,725	2,232	1,979	-6.5%

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

Lithuania (74.5 tons)
China (30.7 tons)
Russia (22.0 tons)
Japan (12.1 tons)
United States (8.0 tons)
Netherlands (1.0 tons)

Exports of Polyphenols; Resorcinol and Its Salts in Belarus

For the third consecutive year, Belarus recorded decline in shipments abroad of polyphenols; resorcinol and its saltses, which decreased by -50% to 3 kg in 2022. Overall, exports faced a dramatic decrease. The smallest decline of -25% was in 2021.

In value terms, polyphenols; resorcinol and its salts exports fell significantly to $47 in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2021 when exports increased by 61% against the previous year.