Phenols; Phenol-Alcohols Price in the United Arab Emirates - 2021

Contents:

1. Phenols; Phenol-Alcohols Price in the United Arab Emirates (CIF) - 2022
2. Phenols; Phenol-Alcohols Price in the United Arab Emirates (FOB) - 2022
3. Phenols; Phenol-Alcohols Imports in the United Arab Emirates
4. Phenols; Phenol-Alcohols Exports in the United Arab Emirates

Phenols; Phenol-Alcohols Price in the United Arab Emirates (CIF) - 2022

In 2022, the average phenols; phenol-alcohols import price amounted to $2,333 per ton, surging by 5.1% against the previous year. Over the period under review, the import price recorded pronounced growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 67%. The import price peaked at $5,441 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($2,171 per ton) and South Korea ($2,024 per ton), while the price for South Africa ($1,768 per ton) and India ($2,023 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Phenols; Phenol-Alcohols Price in the United Arab Emirates (FOB) - 2022

The average phenols; phenol-alcohols export price stood at $1,979 per ton in 2022, with a decrease of -17.5% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 78% against the previous year. Over the period under review, the average export prices reached the maximum at $2,442 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 the UK ($9,425 per ton), while the average price for exports to Tanzania ($401 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 Oman (+31.7%), while the prices for the other major destinations experienced mixed trend patterns.

Phenols; Phenol-Alcohols Imports in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in overseas purchases of phenols; phenol-alcoholses, when their volume decreased by -27.7% to 14K tons. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, imports attained the peak of 19K tons, and then dropped rapidly in the following year.

In value terms, phenols; phenol-alcohols imports dropped sharply to $32M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 93% against the previous year. As a result, imports attained the peak of $42M, and then dropped notably in the following year.

Top Suppliers of Phenols; Phenol-Alcohols to the United Arab Emirates in 2022:

1. India (5.6K tons)
2. China (5.1K tons)
3. South Korea (2.5K tons)
4. United States (0.2K tons)

Phenols; Phenol-Alcohols Exports in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in overseas shipments of phenols; phenol-alcoholses, when their volume decreased by -12.1% to 170 tons. The total export volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of 193 tons, and then dropped in the following year.

In value terms, phenols; phenol-alcohols exports reduced sharply to $336K in 2022. Overall, exports, however, posted moderate growth. The growth pace was the most rapid in 2021 when exports increased by 122%. As a result, the exports reached the peak of $463K, and then reduced sharply in the following year.

Top Export Markets for Phenols; Phenol-Alcohols from the United Arab Emirates in 2022:

1. United Kingdom (14.8 tons)
2. Bahrain (6.7 tons)
3. Tanzania (4.7 tons)
4. India (0.2 tons)

Source: IndexBox Market Intelligence Platform