Price for Polyphenols; Resorcinol and Its Salts in the UK - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in the UK (CIF) - 2022
- Price for Polyphenols; Resorcinol and Its Salts in the UK (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in the UK
- Exports of Polyphenols; Resorcinol and Its Salts in the UK
Price for Polyphenols; Resorcinol and Its Salts in the UK (CIF) - 2022
In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $16,014 per ton, surging by 9.8% against the previous year. Over the period under review, the import price recorded strong growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
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 China ($60,646 per ton), while the price for Belgium ($8,212 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Resorcinol and Its Salts in the UK (FOB) - 2022
The average export price for polyphenols; resorcinol and its saltses stood at $12,858 per ton in 2022, rising by 13% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average export price increased by 54% against the previous year. As a result, the export price reached the peak level of $13,735 per ton. From 2019 to 2022, 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 Australia ($23,514 per ton), while the average price for exports to Italy ($5,295 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 Australia (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Resorcinol and Its Salts in the UK
In 2022, approx. 278 tons of polyphenols; resorcinol and its saltses were imported into the UK; falling by -60.8% compared with the previous year's figure. Over the period under review, imports faced a precipitous descent. The smallest decline of -14.9% was in 2020.
In value terms, polyphenols; resorcinol and its salts imports dropped remarkably to $4.4M in 2022. In general, imports faced a dramatic setback. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Polyphenols; Resorcinol and Its Salts in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 4.1 | 3.2 | 2.2 | 13.6% |
| Japan | 4.2 | 4.1 | 1.8 | 1.6 | -27.5% |
| United States | 0.6 | 0.3 | 0.2 | 0.3 | -20.6% |
| Belgium | 4.4 | 4.8 | 3.9 | 0.3 | -59.1% |
| Germany | 0.9 | 0.3 | 0.1 | 0.2 | -39.4% |
| Italy | 1.0 | 0.7 | 0.9 | N/A | -5.1% |
| Others | 0.1 | 0.3 | 0.2 | N/A | 41.4% |
| Total | 12.7 | 14.5 | 10.3 | 4.4 | -29.8% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to the UK in 2022:
- Japan (180.6 tons)
- China (35.7 tons)
- Belgium (32.0 tons)
- Germany (15.2 tons)
- United States (13.8 tons)
Exports of Polyphenols; Resorcinol and Its Salts in the UK
In 2022, shipments abroad of polyphenols; resorcinol and its saltses decreased by -45.5% to 105 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 61%. As a result, the exports reached the peak of 310 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, polyphenols; resorcinol and its salts exports shrank notably to $1.3M in 2022. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 39%. As a result, the exports attained the peak of $3.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Polyphenols; Resorcinol and Its Salts in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,282 | 1,905 | 136 | 269 | -40.6% |
| Ecuador | N/A | N/A | 235 | 187 | -20.4% |
| Turkey | 62.2 | 94.6 | 124 | 161 | 37.3% |
| Vietnam | 67.2 | 177 | 225 | 151 | 31.0% |
| Netherlands | 202 | 179 | 31.3 | 130 | -13.7% |
| Czech Republic | 64.6 | 0.1 | 94.2 | 123 | 23.9% |
| Australia | 182 | 166 | 488 | 99.0 | -18.4% |
| Singapore | N/A | N/A | 37.0 | 83.6 | 125.9% |
| Italy | 77.4 | 116 | 48.4 | 12.5 | -45.5% |
| Poland | 134 | 181 | 3.9 | 4.7 | -67.3% |
| Serbia | 376 | 311 | 126 | N/A | -42.1% |
| Others | 175 | 514 | 635 | 127 | -10.1% |
| Total | 2,622 | 3,643 | 2,183 | 1,348 | -19.9% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from the UK in 2022:
- United States (20.2 tons)
- Ecuador (17.4 tons)
- Turkey (12.6 tons)
- Czech Republic (12.0 tons)
- Netherlands (10.0 tons)
- Vietnam (9.2 tons)
- Singapore (7.0 tons)
- Australia (4.2 tons)
- Italy (2.4 tons)
- Poland (0.4 tons)
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