Czech Republic: Phenols Market 2024

Phenols Market Size in the Czech Republic

The Czech phenols market contracted to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption showed a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Phenols Production in the Czech Republic

In value terms, phenols production reached $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt downturn. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Phenols production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Phenols Exports

Exports from the Czech Republic

After two years of growth, overseas shipments of phenols decreased by X% to X tons in 2023. Over the period under review, exports showed a noticeable curtailment. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, phenols exports fell to $X in 2023. Overall, exports, however, saw a measured expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then shrank in the following year.

Exports by Country

Poland (X tons) was the main destination for phenols exports from the Czech Republic, with a X% share of total exports. Moreover, phenols exports to Poland exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by France (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

In value terms, the largest markets for phenols exported from the Czech Republic were Poland ($X), Germany ($X) and Hungary ($X), together accounting for X% of total exports. Japan, Thailand, France, Moldova, the UK, Austria and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average phenols export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, 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 Italy ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenols Imports

Imports into the Czech Republic

In 2023, phenols imports into the Czech Republic dropped to X tons, declining by X% on the previous year's figure. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, phenols imports shrank dramatically to $X in 2023. In general, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, South Korea (X tons) constituted the largest phenols supplier to the Czech Republic, with a X% share of total imports. Moreover, phenols imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, South Korea ($X), Germany ($X) and Belgium ($X) constituted the largest phenols suppliers to the Czech Republic, with a combined X% share of total imports. Poland, the Netherlands and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average phenols import price stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then contracted sharply in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Germany ($X per ton), while the price for Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform