Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore (FOB) - 2022
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore (CIF) - 2022
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore (FOB) - 2022
The average export price for monophenols; phenol (hydroxybenzene) and its saltses stood at $1,394 per ton in 2022, increasing by 32% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 67%. Over the period under review, the average export prices hit record highs at $1,475 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($1,481 per ton) and Indonesia ($1,459 per ton), while the average price for exports to Australia ($1,303 per ton) and Thailand ($1,317 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore (CIF) - 2022
In 2022, the average import price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $2,578 per ton, growing by 152% against the previous year. Overall, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 571%. As a result, import price reached the peak level of $5,728 per ton. From 2018 to 2022, the average import prices remained 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 Indonesia ($17,325 per ton), while the price for the United States ($1,798 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore
In 2022, shipments abroad of monophenols; phenol (hydroxybenzene) and its saltses decreased by -28.4% to 82K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports reached the peak of 116K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses declined to $114M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. As a result, the exports reached the peak of $120M, and then declined in the following year.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.7 | 39.4 | 34.8 | 51.0 | 21.1% |
| Malaysia | 15.6 | 9.5 | 20.3 | 24.3 | 15.9% |
| Indonesia | 13.1 | 7.8 | 17.2 | 14.5 | 3.4% |
| Taiwan (Chinese) | N/A | N/A | 5.6 | 8.1 | 44.6% |
| Australia | 9.0 | 5.1 | 8.4 | 5.2 | -16.7% |
| Thailand | 21.8 | 9.4 | 31.8 | 5.1 | -38.4% |
| India | 5.3 | 0.9 | N/A | 2.9 | -18.2% |
| Others | 1.7 | 1.3 | 2.3 | 2.7 | 16.7% |
| Total | 95.2 | 73.4 | 120 | 114 | 6.2% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from Singapore in 2022:
- China (37.3K tons)
- Malaysia (16.4K tons)
- Indonesia (10.0K tons)
- Taiwan (Chinese) (6.0K tons)
- Australia (4.0K tons)
- Thailand (3.9K tons)
- India (2.0K tons)
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore
After three years of growth, purchases abroad of monophenols; phenol (hydroxybenzene) and its saltses decreased by -97.5% to 53 tons in 2022. In general, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 907% against the previous year. As a result, imports attained the peak of 2.1K tons, and then fell rapidly in the following year.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses reduced remarkably to $137K in 2022. Over the period under review, imports faced a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 483% against the previous year. As a result, imports attained the peak of $2.1M, and then declined rapidly in the following year.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 80.5 | 12.1 | 24.6 | 63.6 | -7.6% |
| United States | 10.4 | 22.7 | 16.8 | 29.4 | 41.4% |
| Indonesia | 431 | 128 | 63.3 | 27.5 | -60.0% |
| South Korea | 52.1 | 23.8 | 34.1 | N/A | -19.1% |
| India | N/A | 115 | 41.4 | N/A | -64.0% |
| Saudi Arabia | N/A | N/A | 1,941 | N/A | 0% |
| Others | 45.4 | 66.6 | 24.2 | 16.7 | -28.3% |
| Total | 619 | 368 | 2,145 | 137 | -39.5% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Singapore in 2022:
- Japan (33.8 tons)
- United States (16.4 tons)
- Indonesia (1.6 tons)
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