Price for Polyphenols; Resorcinol and Its Salts in Iran - 2022
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Iran (CIF) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Iran
Price for Polyphenols; Resorcinol and Its Salts in Iran (CIF) - 2022
The average import price for polyphenols; resorcinol and its saltses stood at $14,296 per ton in 2022, rising by 15% against the previous year. Overall, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 46%. Over the period under review, average import prices reached the peak figure at $16,300 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 ($16,055 per ton), while the price for Japan ($2,181 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Polyphenols; Resorcinol and Its Salts in Iran
In 2022, after three years of growth, there was decline in overseas purchases of polyphenols; resorcinol and its saltses, when their volume decreased by -2.6% to 339 tons. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 5.8%.
In value terms, polyphenols; resorcinol and its salts imports expanded notably to $4.8M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, imports reached the peak of $5.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Polyphenols; Resorcinol and Its Salts in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,729 | 2,668 | 1,371 | 1,979 | 4.6% |
| Turkey | 439 | 779 | 1,218 | 1,193 | 39.5% |
| United Arab Emirates | 1,307 | 488 | 909 | 890 | -12.0% |
| India | 399 | 887 | 484 | 474 | 5.9% |
| Georgia | 36.8 | 245 | 165 | 161 | 63.6% |
| France | 65.5 | 100 | 50.9 | 46.5 | -10.8% |
| Japan | 28.6 | 37.2 | 16.2 | 12.6 | -23.9% |
| Others | 355 | 173 | 99.4 | 88.8 | -37.0% |
| Total | 4,359 | 5,377 | 4,314 | 4,846 | 3.6% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Iran in 2022:
- China (123.3 tons)
- Turkey (99.5 tons)
- United Arab Emirates (55.6 tons)
- India (30.4 tons)
- Georgia (11.0 tons)
- Japan (5.8 tons)
- France (5.3 tons)
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