Price for Polyphenols; Resorcinol and Its Salts in Turkey - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Turkey (CIF) - 2023
- Price for Polyphenols; Resorcinol and Its Salts in Turkey (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Turkey
- Exports of Polyphenols; Resorcinol and Its Salts in Turkey
Price for Polyphenols; Resorcinol and Its Salts in Turkey (CIF) - 2023
The average import price for polyphenols; resorcinol and its saltses stood at $12,631 per ton in July 2023, increasing by 79% against the previous month. Overall, the import price enjoyed mild growth. The most prominent rate of growth was recorded in February 2023 an increase of 167% month-to-month. Over the period under review, average import prices reached the maximum in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($14,779 per ton), while the price for India ($7,000 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Resorcinol and Its Salts in Turkey (FOB) - 2022
The average export price for polyphenols; resorcinol and its saltses stood at $8,665 per ton in 2022, falling by -66.1% against the previous year. Over the period under review, the export price, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 132% against the previous year. As a result, the export price attained the peak level of $31,500 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($15,592 per ton), while the average price for exports to Lithuania ($6,264 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 Germany (+39.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Polyphenols; Resorcinol and Its Salts in Turkey
Polyphenols; resorcinol and its salts imports into Turkey totaled 434 tons in 2022, remaining constant against 2021 figures. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, polyphenols; resorcinol and its salts imports skyrocketed to $3.2M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Polyphenols; Resorcinol and Its Salts in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,058 | 1,450 | 1,517 | 1,976 | -1.3% |
| Japan | 555 | 591 | 953 | 861 | 15.8% |
| United Kingdom | 168 | 98.1 | 130 | 168 | 0.0% |
| India | 229 | 570 | 78.8 | 157 | -11.8% |
| Others | 72.1 | 129 | 31.4 | 25.2 | -29.6% |
| Total | 3,082 | 2,839 | 2,710 | 3,186 | 1.1% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Turkey in 2022:
- China (230.3 tons)
- Japan (173.9 tons)
- India (14.7 tons)
- United Kingdom (12.6 tons)
Exports of Polyphenols; Resorcinol and Its Salts in Turkey
In 2022, polyphenols; resorcinol and its salts exports from Turkey skyrocketed to 38 tons, picking up by 8,458% against 2021 figures. Over the period under review, exports recorded a significant increase.
In value terms, polyphenols; resorcinol and its salts exports soared to $332K in 2022. In general, exports posted a significant expansion.
| Export of Polyphenols; Resorcinol and Its Salts in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 197 | 0% |
| Lithuania | N/A | N/A | N/A | 62.6 | 0% |
| Egypt | N/A | N/A | N/A | 47.3 | 0% |
| Azerbaijan | N/A | 102 | N/A | 15.6 | -60.9% |
| Iran | 36.0 | 469 | N/A | N/A | 1202.8% |
| Brazil | 47.3 | N/A | N/A | N/A | 0% |
| Others | 9.0 | 8.3 | 11.4 | 9.2 | 0.7% |
| Total | 92.3 | 580 | 11.4 | 332 | 53.2% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from Turkey in 2022:
- Russia (22.0 tons)
- Lithuania (10.0 tons)
- Egypt (5.0 tons)
- Azerbaijan (1.0 tons)
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