Price for Polyphenols; Resorcinol and Its Salts in Mexico - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Mexico (CIF) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Mexico
Price for Polyphenols; Resorcinol and Its Salts in Mexico (CIF) - 2022
In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $11,713 per ton, surging by 3.8% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols; resorcinol and its salts import price increased by +67.8% against 2014 indices. The pace of growth was the most pronounced in 2019 an increase of 14%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($13,873 per ton), while the price for Japan totaled $9,533 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Polyphenols; Resorcinol and Its Salts in Mexico
For the third year in a row, Mexico recorded decline in overseas purchases of polyphenols; resorcinol and its saltses, which decreased by -28.5% to 241 tons in 2022. Overall, imports recorded a abrupt decline. The smallest decline of -6.6% was in 2020.
In value terms, polyphenols; resorcinol and its salts imports contracted rapidly to $2.8M in 2022. In general, imports showed a abrupt shrinkage. The smallest decline of -4.6% was in 2021.
| Import of Polyphenols; Resorcinol and Its Salts in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 1.8 | 2.1 | 1.7 | -10.9% |
| Japan | 0.9 | 1.2 | 1.4 | 1.1 | 6.9% |
| India | 0.9 | 0.8 | 0.4 | N/A | -33.3% |
| Others | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Total | 4.4 | 4.0 | 3.8 | 2.8 | -14.0% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Mexico in 2022:
- China (121.2 tons)
- Japan (120.1 tons)
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