Price for Polyphenols; Resorcinol and Its Salts in Pakistan - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Pakistan (CIF) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Pakistan
Price for Polyphenols; Resorcinol and Its Salts in Pakistan (CIF) - 2022
In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $11,170 per ton, declining by -26.9% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 47%. Over the period under review, average import prices attained the maximum at $15,274 per ton in 2021, and then fell rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($18,046 per ton), while the price for the UK ($5,643 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Polyphenols; Resorcinol and Its Salts in Pakistan
In 2022, supplies from abroad of polyphenols; resorcinol and its saltses was finally on the rise to reach 57 tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, polyphenols; resorcinol and its salts imports expanded remarkably to $638K in 2022. The total import value increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 18% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Polyphenols; Resorcinol and Its Salts in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 236 | 363 | 443 | 326 | 11.4% |
| United States | 77.8 | 80.6 | 53.2 | 166 | 28.7% |
| Singapore | 56.8 | 63.7 | 64.9 | 89.0 | 16.1% |
| Japan | 60.0 | 12.6 | 27.0 | 46.3 | -8.3% |
| United Kingdom | 2.9 | 3.2 | 3.5 | 5.1 | 20.7% |
| Others | 18.8 | 12.5 | 5.0 | 6.2 | -30.9% |
| Total | 452 | 535 | 597 | 638 | 12.2% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Pakistan in 2022:
- China (33.1 tons)
- United States (9.2 tons)
- Singapore (8.0 tons)
- Japan (5.5 tons)
- United Kingdom (0.9 tons)
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