Price for Polyphenols; Resorcinol and Its Salts in the United States - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in the United States (CIF) - 2023
- Price for Polyphenols; Resorcinol and Its Salts in the United States (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in the United States
- Exports of Polyphenols; Resorcinol and Its Salts in the United States
Price for Polyphenols; Resorcinol and Its Salts in the United States (CIF) - 2023
In August 2023, the average import price for polyphenols; resorcinol and its saltses amounted to $6,900 per ton, picking up by 8.6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 9.8% month-to-month. Over the period under review, average import prices hit record highs at $8,048 per ton in October 2022; however, from November 2022 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($7,164 per ton), while the price for Canada ($1,887 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Polyphenols; Resorcinol and Its Salts in the United States (FOB) - 2022
In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $9,279 per ton, shrinking by -5.3% against the previous year. Over the period under review, the export price, however, posted a noticeable increase. The pace of growth was the most pronounced in 2018 an increase of 51%. The export price peaked at $10,246 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($22,677 per ton), while the average price for exports to the United Arab Emirates ($2,143 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 the Netherlands (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Resorcinol and Its Salts in the United States
In 2022, approx. 7.5K tons of polyphenols; resorcinol and its saltses were imported into the United States; dropping by -14.1% on 2021 figures. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 97%. As a result, imports reached the peak of 8.7K tons, and then reduced in the following year.
In value terms, polyphenols; resorcinol and its salts imports reduced rapidly to $55M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 80%. As a result, imports reached the peak of $65M, and then fell rapidly in the following year.
| Import of Polyphenols; Resorcinol and Its Salts in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 35.6 | 31.5 | 48.3 | 42.4 | 6.0% |
| China | 5.1 | 2.8 | 12.3 | 10.8 | 28.4% |
| Belgium | N/A | N/A | 3.2 | 0.7 | -78.1% |
| Others | 1.5 | 1.7 | 1.1 | 0.9 | -15.7% |
| Total | 42.2 | 36.1 | 64.9 | 54.9 | 9.2% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to the United States in 2022:
- Japan (5.6K tons)
- China (1.7K tons)
- Belgium (0.1K tons)
Exports of Polyphenols; Resorcinol and Its Salts in the United States
In 2022, after two years of decline, there was significant growth in shipments abroad of polyphenols; resorcinol and its saltses, when their volume increased by 22% to 438 tons. Overall, exports, however, continue to indicate a deep contraction.
In value terms, polyphenols; resorcinol and its salts exports skyrocketed to $4.1M in 2022. Over the period under review, exports, however, saw a abrupt curtailment.
| Export of Polyphenols; Resorcinol and Its Salts in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,195 | 1,188 | 1,649 | 1,136 | -1.7% |
| Canada | 1,617 | 770 | 639 | 1,061 | -13.1% |
| Brazil | 336 | 703 | 329 | 452 | 10.4% |
| Turkey | 250 | 282 | 133 | 329 | 9.6% |
| Indonesia | 140 | 143 | 144 | 279 | 25.8% |
| Pakistan | 206 | 185 | 144 | 138 | -12.5% |
| United Kingdom | N/A | N/A | N/A | 111 | 0% |
| Argentina | 221 | 171 | 46.8 | 95.8 | -24.3% |
| Colombia | 220 | 637 | 58.2 | 77.3 | -29.4% |
| Venezuela | N/A | N/A | N/A | 36.8 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 20.5 | 0% |
| Others | 748 | 425 | 389 | 332 | -23.7% |
| Total | 4,933 | 4,504 | 3,533 | 4,068 | -6.2% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from the United States in 2022:
- Canada (160.4 tons)
- Mexico (105.1 tons)
- Brazil (53.5 tons)
- Venezuela (17.1 tons)
- Colombia (15.3 tons)
- Turkey (14.5 tons)
- Indonesia (13.3 tons)
- United Kingdom (13.3 tons)
- Argentina (10.0 tons)
- United Arab Emirates (9.6 tons)
- Pakistan (6.9 tons)
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