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

Contents:

1. Price for Polyphenols; Resorcinol and Its Salts in Japan (CIF) - 2023
2. Price for Polyphenols; Resorcinol and Its Salts in Japan (FOB) - 2022
3. Imports of Polyphenols; Resorcinol and Its Salts in Japan
4. Exports of Polyphenols; Resorcinol and Its Salts in Japan

Price for Polyphenols; Resorcinol and Its Salts in Japan (CIF) - 2023

In July 2023, the average import price for polyphenols; resorcinol and its saltses amounted to $8,177 per ton, picking up by 28% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $9,037 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -0.8% per month.

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

In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $5,852 per ton, which is down by -25.3% against the previous year. Overall, the export price saw a mild contraction. The growth pace was the most rapid in 2019 an increase of 23%. Over the period under review, the average export prices hit record highs at $7,833 per ton in 2021, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($10,253 per ton), while the average price for exports to South Korea ($5,011 per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyphenols; Resorcinol and Its Salts in Japan

In 2022, imports of polyphenols; resorcinol and its saltses into Japan fell to 276 tons, declining by -8.4% against 2021. Overall, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 144% against the previous year. As a result, imports reached the peak of 302 tons, and then contracted in the following year.

In value terms, polyphenols; resorcinol and its salts imports contracted to $2.2M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 105% against the previous year. As a result, imports reached the peak of $2.6M, and then contracted in the following year.

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

1. China (274.2 tons)

Exports of Polyphenols; Resorcinol and Its Salts in Japan

In 2022, approx. 760 tons of polyphenols; resorcinol and its saltses were exported from Japan; with an increase of 159% compared with the year before. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 3,527% against the previous year. As a result, the exports attained the peak of 1K 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 skyrocketed to $4.4M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 3,632% against the previous year. As a result, the exports attained the peak of $7.9M. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. South Korea (528.0 tons)
2. Thailand (215.8 tons)
3. New Zealand (16.0 tons)

Source: IndexBox Market Intelligence Platform