Phenols; Phenol-Alcohols Price in Canada - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Canada (CIF) - 2023
- Phenols; Phenol-Alcohols Price in Canada (FOB) - 2023
- Phenols; Phenol-Alcohols Imports in Canada
- Phenols; Phenol-Alcohols Exports in Canada
Phenols; Phenol-Alcohols Price in Canada (CIF) - 2023
The average phenols; phenol-alcohols import price stood at $1,447 per ton in September 2023, picking up by 2.9% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 12% m-o-m. Over the period under review, average import prices hit record highs at $1,715 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to -0.4% per month.
Phenols; Phenol-Alcohols Price in Canada (FOB) - 2023
The average phenols; phenol-alcohols export price stood at $4,916 per ton in September 2023, increasing by 59% against the previous month. Overall, the export price showed a slight expansion. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 289% against the previous month. As a result, the export price attained the peak level of $13,230 per ton. From May 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In September 2023, the countries with the highest prices were the United States ($5,070 per ton) and Barbados ($4,670 per ton), while the average price for exports to Germany ($3,867 per ton) and the UK ($4,326 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (-0.0%), while the prices for the other major destinations experienced a decline.
Phenols; Phenol-Alcohols Imports in Canada
Phenols; phenol-alcohols imports into Canada contracted modestly to 70K tons in 2022, standing approx. at 2021. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports reached the peak of 70K tons, leveling off in the following year.
In value terms, phenols; phenol-alcohols imports skyrocketed to $119M in 2022. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Phenols; Phenol-Alcohols in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 62.7 | 47.1 | 89.9 | 104 | 18.4% |
| Others | 9.9 | 9.0 | 6.7 | 14.4 | 13.3% |
| Total | 72.6 | 56.1 | 96.7 | 119 | 17.9% |
Top Suppliers of Phenols; Phenol-Alcohols to Canada in 2022:
- United States (68.1K tons)
Phenols; Phenol-Alcohols Exports in Canada
Phenols; phenol-alcohols exports from Canada shrank rapidly to 429 tons in 2022, waning by -30.8% on the previous year's figure. Over the period under review, exports recorded a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 4.1% against the previous year.
In value terms, phenols; phenol-alcohols exports fell notably to $1.7M in 2022. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year.
| Export of Phenols; Phenol-Alcohols in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 391 | 9.7 | 413 | 897 | 31.9% |
| United States | 1,133 | 737 | 803 | 471 | -25.4% |
| Spain | 176 | 228 | 133 | 104 | -16.1% |
| China | 2.8 | 86.7 | 81.9 | 56.3 | 171.9% |
| Germany | 4.5 | 15.1 | 41.9 | 40.5 | 108.0% |
| Australia | 3,642 | 1,132 | 1,100 | 1.5 | -92.6% |
| Others | 82.8 | 137 | 194 | 147 | 21.1% |
| Total | 5,433 | 2,345 | 2,766 | 1,718 | -31.9% |
Top Export Markets for Phenols; Phenol-Alcohols from Canada in 2022:
- United Kingdom (183.9 tons)
- Spain (103.1 tons)
- United States (78.8 tons)
- China (12.3 tons)
- Germany (10.1 tons)
- Australia (0.5 tons)
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