Price for Polyphenols; Resorcinol and Its Salts in Hong Kong SAR - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Hong Kong SAR (FOB) - 2022
- Price for Polyphenols; Resorcinol and Its Salts in Hong Kong SAR (CIF) - 2022
- Exports of Polyphenols; Resorcinol and Its Salts in Hong Kong SAR
- Imports of Polyphenols; Resorcinol and Its Salts in Hong Kong SAR
Price for Polyphenols; Resorcinol and Its Salts in Hong Kong SAR (FOB) - 2022
The average export price for polyphenols; resorcinol and its saltses stood at $48,480 per ton in 2022, growing by 450% against the previous year. In general, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +53.7% per year.
Price for Polyphenols; Resorcinol and Its Salts in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $12,873 per ton, waning by -3.2% against the previous year. In general, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 75% against the previous year. Over the period under review, average import prices reached the maximum at $13,303 per ton in 2021, and then fell modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($62,646 per ton), while the price for Germany ($4,326 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+84.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polyphenols; Resorcinol and Its Salts in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in shipments abroad of polyphenols; resorcinol and its saltses, when their volume decreased by -99.9% to 50 kg. In general, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 66%. As a result, the exports reached the peak of 80 tons, and then fell notably in the following year.
In value terms, polyphenols; resorcinol and its salts exports reduced dramatically to $2.4K in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $706K, and then contracted remarkably in the following year.
| Export of Polyphenols; Resorcinol and Its Salts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | N/A | 2.4 | 0% |
| Russia | 341 | 246 | 331 | N/A | -1.5% |
| China | 70.4 | 138 | 175 | N/A | 57.7% |
| India | 15.6 | 38.5 | 54.4 | N/A | 86.7% |
| Mexico | 27.1 | 53.3 | 68.1 | N/A | 58.5% |
| Italy | 16.4 | 28.8 | 32.8 | N/A | 41.4% |
| Brazil | 48.9 | 47.2 | 6.3 | N/A | -64.1% |
| Others | 19.4 | 28.5 | 37.6 | N/A | 39.2% |
| Total | 539 | 581 | 706 | 2.4 | -83.5% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from Hong Kong SAR in 2022:
- South Africa (50.0 kg)
Imports of Polyphenols; Resorcinol and Its Salts in Hong Kong SAR
In 2022, overseas purchases of polyphenols; resorcinol and its saltses increased by 8.2% to 6.4 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep contraction.
In value terms, polyphenols; resorcinol and its salts imports expanded slightly to $82K in 2022. In general, imports, however, saw a pronounced downturn.
| Import of Polyphenols; Resorcinol and Its Salts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.0 | 34.4 | 39.6 | 41.1 | 19.6% |
| China | 37.8 | 41.4 | 27.7 | 29.0 | -8.5% |
| Germany | 6.3 | 9.2 | 10.6 | 11.2 | 21.1% |
| Thailand | 25.2 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 0.9 | 0.6 | 0.9 | 8.7% |
| Total | 94.0 | 85.9 | 78.5 | 82.2 | -4.4% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Hong Kong SAR in 2022:
- United States (3.3 tons)
- Germany (2.6 tons)
- China (0.5 tons)
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