Price for Polyphenols; Resorcinol and Its Salts in Italy - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Italy (CIF) - 2023
- Price for Polyphenols; Resorcinol and Its Salts in Italy (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Italy
- Exports of Polyphenols; Resorcinol and Its Salts in Italy
Price for Polyphenols; Resorcinol and Its Salts in Italy (CIF) - 2023
In June 2023, the average import price for polyphenols; resorcinol and its saltses amounted to $8,725 per ton, flattening at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 25% against the previous month. As a result, import price attained the peak level of $10,077 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,538 per ton), while the price for Spain ($6,526 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Resorcinol and Its Salts in Italy (FOB) - 2022
The average export price for polyphenols; resorcinol and its saltses stood at $12,415 per ton in 2022, reducing by -2.5% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the peak figure at $15,253 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($18,241 per ton), while the average price for exports to Romania ($8,864 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 Norway (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Resorcinol and Its Salts in Italy
In 2022, after three years of growth, there was significant decline in supplies from abroad of polyphenols; resorcinol and its saltses, when their volume decreased by -9.2% to 1.8K tons. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 2K tons, and then reduced in the following year.
In value terms, polyphenols; resorcinol and its salts imports fell notably to $15M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 18%.
| Import of Polyphenols; Resorcinol and Its Salts in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 10.0 | 10.7 | 12.0 | 9.3 | -2.4% |
| Germany | 1.9 | 1.4 | 2.7 | 2.5 | 9.6% |
| Netherlands | 0.2 | 1.9 | 1.8 | 1.6 | 100.0% |
| China | 1.6 | 1.6 | 1.1 | 1.0 | -14.5% |
| Others | 0.8 | 1.6 | 1.2 | 0.6 | -9.1% |
| Total | 14.5 | 17.2 | 18.8 | 15.0 | 1.1% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Italy in 2022:
- Belgium (1182.8 tons)
- Germany (277.4 tons)
- Netherlands (199.1 tons)
- China (90.4 tons)
Exports of Polyphenols; Resorcinol and Its Salts in Italy
In 2022, overseas shipments of polyphenols; resorcinol and its saltses decreased by -29.7% to 62 tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 62%. As a result, the exports reached the peak of 97 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, polyphenols; resorcinol and its salts exports reduced rapidly to $767K in 2022. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year.
| Export of Polyphenols; Resorcinol and Its Salts in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 2.6 | 2.0 | N/A | 177 | 308.3% |
| France | 38.7 | 57.4 | 154 | 169 | 63.5% |
| Slovenia | 87.6 | 37.4 | 102 | 89.0 | 0.5% |
| Poland | 95.1 | 78.5 | 99.3 | 76.6 | -7.0% |
| Mexico | 1.4 | 52.0 | 18.2 | 45.5 | 219.1% |
| Spain | 119 | 4.5 | 95.3 | 43.9 | -28.3% |
| Hungary | 10.5 | 12.0 | 20.7 | 32.5 | 45.7% |
| Turkey | 16.1 | 71.7 | 13.7 | 22.2 | 11.3% |
| Germany | 270 | 238 | 75.0 | 2.5 | -79.0% |
| Russia | N/A | N/A | 193 | N/A | 0% |
| China | N/A | N/A | 60.4 | N/A | 0% |
| Others | 269 | 520 | 287 | 108 | -26.2% |
| Total | 910 | 1,073 | 1,119 | 767 | -5.5% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from Italy in 2022:
- Romania (20.0 tons)
- France (11.0 tons)
- Slovenia (8.7 tons)
- Poland (7.3 tons)
- Mexico (3.1 tons)
- Spain (2.6 tons)
- Hungary (1.8 tons)
- Turkey (1.2 tons)
- Germany (0.2 tons)
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