Phenols; Phenol-Alcohols Price in the UK - 2023
Contents:
- Phenols; Phenol-Alcohols Price in the UK (CIF) - 2023
- Phenols; Phenol-Alcohols Price in the UK (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in the UK
- Phenols; Phenol-Alcohols Exports in the UK
Phenols; Phenol-Alcohols Price in the UK (CIF) - 2023
The average phenols; phenol-alcohols import price stood at $2,808 per ton in August 2023, picking up by 32% against the previous month. Overall, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in November 2022 an increase of 83% against the previous month. As a result, import price attained the peak level of $4,246 per ton. From December 2022 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($14,823 per ton), while the price for Spain ($1,252 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 the United States (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Phenols; Phenol-Alcohols Price in the UK (FOB) - 2022
The average phenols; phenol-alcohols export price stood at $3,669 per ton in 2022, growing by 15% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $3,866 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($5,738 per ton), while the average price for exports to Ireland ($2,005 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 Spain (+5.7%), while the prices for the other major destinations experienced a decline.
Phenols; Phenol-Alcohols Imports in the UK
In 2022, approx. 85K tons of phenols; phenol-alcoholses were imported into the UK; shrinking by -9.2% on the year before. Overall, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year.
In value terms, phenols; phenol-alcohols imports stood at $230M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Phenols; Phenol-Alcohols in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 42.4 | 30.0 | 41.4 | 57.8 | 10.9% |
| Germany | 47.4 | 42.0 | 49.3 | 41.4 | -4.4% |
| Spain | 1.7 | 1.1 | 28.4 | 26.0 | 148.2% |
| United States | 13.2 | 17.4 | 14.2 | 25.9 | 25.2% |
| Japan | 13.1 | 8.9 | 9.8 | 14.0 | 2.2% |
| Switzerland | 12.7 | 8.3 | 5.7 | 9.8 | -8.3% |
| Belgium | 17.7 | 22.3 | 13.5 | 9.0 | -20.2% |
| Ireland | N/A | N/A | 9.2 | 5.2 | -43.5% |
| South Korea | 2.1 | 2.7 | 3.3 | 1.1 | -19.4% |
| Others | 23.1 | 23.9 | 32.3 | 39.7 | 19.8% |
| Total | 174 | 157 | 207 | 230 | 9.7% |
Top Suppliers of Phenols; Phenol-Alcohols to the UK in 2022:
- Finland (32.5K tons)
- Spain (12.6K tons)
- Germany (9.6K tons)
- United States (5.2K tons)
- Ireland (5.1K tons)
- Belgium (4.7K tons)
- Switzerland (2.8K tons)
- Japan (2.1K tons)
- South Korea (0.6K tons)
Phenols; Phenol-Alcohols Exports in the UK
In 2022, overseas shipments of phenols; phenol-alcoholses decreased by -12.9% to 28K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 8.6% against the previous year. As a result, the exports attained the peak of 32K tons, and then contracted in the following year.
In value terms, phenols; phenol-alcohols exports amounted to $102M in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Phenols; Phenol-Alcohols in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 31.8 | 32.5 | 35.4 | 36.1 | 4.3% |
| France | 16.5 | 14.1 | 20.3 | 16.4 | -0.2% |
| Ireland | 7.6 | 7.7 | 6.2 | 10.5 | 11.4% |
| Portugal | 5.5 | 5.4 | 10.6 | 10.2 | 22.9% |
| Belgium | 3.3 | 2.7 | 7.9 | 5.5 | 18.6% |
| Germany | 2.9 | 4.6 | 3.2 | 2.6 | -3.6% |
| Others | 19.7 | 17.7 | 18.3 | 20.8 | 1.8% |
| Total | 87.3 | 84.7 | 102 | 102 | 5.3% |
Top Export Markets for Phenols; Phenol-Alcohols from the UK in 2022:
- France (6.5K tons)
- Switzerland (6.3K tons)
- Ireland (5.3K tons)
- Portugal (4.7K tons)
- Belgium (2.5K tons)
- Germany (0.9K tons)
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