Price for Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof in the United Arab Emirates - 2022

Contents:

1. Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the United Arab Emirates (CIF) - 2022
2. Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the United Arab Emirates (FOB) - 2022
3. Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the United Arab Emirates
4. Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the United Arab Emirates

Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves amounted to $8,974 per ton, which is down by -10.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 55%. Over the period under review, average import prices attained the peak figure at $11,760 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($9,932 per ton) and China ($8,650 per ton), while the price for Australia ($7,357 per ton) and the UK ($7,869 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the United Arab Emirates (FOB) - 2022

The average export price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves stood at $6,074 per ton in 2022, reducing by -19.7% against the previous year. Over the period under review, the export price, however, saw perceptible growth. The growth pace was the most rapid in 2015 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices reached the maximum at $8,186 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($15,442 per ton), while the average price for exports to Oman ($4,575 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 Saudi Arabia (+54.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the United Arab Emirates

In 2022, overseas purchases of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves decreased by -13.4% to 921 tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 1% against the previous year. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves reduced sharply to $8.3M in 2022. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof to the United Arab Emirates in 2022:

1. China (508.6 tons)
2. India (323.2 tons)
3. Australia (89.3 tons)
4. United Kingdom (0.1 tons)

Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the United Arab Emirates

In 2022, exports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves from the United Arab Emirates soared to 235 tons, jumping by 130% on the previous year's figure. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves soared to $1.4M in 2022. In general, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof from the United Arab Emirates in 2022:

1. Oman (127.7 tons)
2. Azerbaijan (89.3 tons)
3. India (11.7 tons)
4. Iran (2.0 tons)
5. Saudi Arabia (1.9 tons)

Source: IndexBox Market Intelligence Platform