Price for Polyphenols; Resorcinol and Its Salts in Ukraine - 2023

Price for Polyphenols; Resorcinol and Its Salts in Ukraine (FOB) - 2022

The average export price for polyphenols; resorcinol and its saltses stood at $11,555 per ton in 2022, dropping by -12.1% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 292% against the previous year. Over the period under review, the average export prices reached the maximum at $24,000 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Lithuania.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +9.0% per year.

Price for Polyphenols; Resorcinol and Its Salts in Ukraine (CIF) - 2022

The average import price for polyphenols; resorcinol and its saltses stood at $11,901 per ton in 2022, growing by 6.2% against the previous year. In general, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 64%. Over the period under review, average import prices reached the peak figure at $13,151 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 ($30,000 per ton), while the price for China stood at $11,895 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Polyphenols; Resorcinol and Its Salts in Ukraine

In 2022, approx. 14 tons of polyphenols; resorcinol and its saltses were exported from Ukraine; with a decrease of -71.3% against the year before. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 381% against the previous year. As a result, the exports reached the peak of 48 tons, and then declined rapidly in the following year.

In value terms, polyphenols; resorcinol and its salts exports shrank significantly to $160K in 2022. Overall, exports showed a mild downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 357% against the previous year. As a result, the exports attained the peak of $632K, and then dropped significantly in the following year.

Export of Polyphenols; Resorcinol and Its Salts in Ukraine (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	0.1	N/A	N/A	157	1062.3%
Belarus	164	138	630	N/A	96.0%
Others	N/A	N/A	2.6	2.5	-3.8%
Total	164	138	632	160	-0.8%

Top Export Markets for Polyphenols; Resorcinol and Its Salts from Ukraine in 2022:

Lithuania (13.7 tons)

Imports of Polyphenols; Resorcinol and Its Salts in Ukraine

After three years of growth, supplies from abroad of polyphenols; resorcinol and its saltses decreased by -54% to 20 tons in 2022. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of 44 tons, and then declined significantly in the following year.

In value terms, polyphenols; resorcinol and its salts imports dropped rapidly to $243K in 2022. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 24%.