Price for Polyphenols; Resorcinol and Its Salts in Thailand - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Thailand (CIF) - 2022
- Price for Polyphenols; Resorcinol and Its Salts in Thailand (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Thailand
- Exports of Polyphenols; Resorcinol and Its Salts in Thailand
Price for Polyphenols; Resorcinol and Its Salts in Thailand (CIF) - 2022
In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $8,213 per ton, approximately reflecting the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 decreased by -19.9% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 64% against the previous year. As a result, import price reached the peak level of $10,253 per ton. From 2019 to 2022, the average 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 the United States ($23,697 per ton), while the price for China ($7,212 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Resorcinol and Its Salts in Thailand (FOB) - 2022
In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $8,521 per ton, surging by 91% against the previous year. Over the period under review, the export price showed a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of 119%. As a result, the export price reached the peak level of $13,487 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($9,127 per ton), while the average price for exports to Malaysia ($5,733 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 Malaysia (-1.2%), while the prices for the other major destinations experienced a decline.
Imports of Polyphenols; Resorcinol and Its Salts in Thailand
In 2022, supplies from abroad of polyphenols; resorcinol and its saltses decreased by -30.8% to 751 tons, falling for the second year in a row after two years of growth. Overall, imports saw a slight slump. The growth pace was the most rapid in 2020 with an increase of 64% against the previous year. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, polyphenols; resorcinol and its salts imports declined rapidly to $6.2M in 2022. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Polyphenols; Resorcinol and Its Salts in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 2.3 | 3.0 | 3.3 | 12.8% |
| Japan | 5.4 | 9.0 | 5.6 | 2.7 | -20.6% |
| Others | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Total | 8.1 | 11.6 | 8.8 | 6.2 | -8.5% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Thailand in 2022:
- China (457.5 tons)
- Japan (282.4 tons)
Exports of Polyphenols; Resorcinol and Its Salts in Thailand
In 2022, overseas shipments of polyphenols; resorcinol and its saltses decreased by -52% to 347 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 82%. As a result, the exports reached 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 contracted to $3M in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 82%. As a result, the exports reached the peak of $5.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Polyphenols; Resorcinol and Its Salts in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 1.6 | 0% |
| Vietnam | N/A | N/A | N/A | 1.3 | 0% |
| Malaysia | N/A | 0.1 | N/A | 0.1 | 0.0% |
| China | 2.8 | 5.3 | 3.2 | N/A | 6.9% |
| Others | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Total | 3.0 | 5.5 | 3.2 | 3.0 | 0.0% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from Thailand in 2022:
- Myanmar (193.8 tons)
- Vietnam (142.6 tons)
- Malaysia (10.7 tons)
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