Price for Monophenols; Cresols and Their Salts in Saudi Arabia - 2021

Contents:

1. Price for Monophenols; Cresols and Their Salts in Saudi Arabia (CIF) - 2022
2. Price for Monophenols; Cresols and Their Salts in Saudi Arabia (FOB) - 2022
3. Imports of Monophenols; Cresols and Their Salts in Saudi Arabia
4. Exports of Monophenols; Cresols and Their Salts in Saudi Arabia

Price for Monophenols; Cresols and Their Salts in Saudi Arabia (CIF) - 2022

In 2022, the average import price for monophenols; cresols and their saltses amounted to $4,296 per ton, picking up by 8.2% against the previous year. Overall, the import price posted a moderate increase. The pace of growth appeared the most rapid in 2018 an increase of 67% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($21,337 per ton), while the price for Thailand ($3,766 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Monophenols; Cresols and Their Salts in Saudi Arabia (FOB) - 2022

The average export price for monophenols; cresols and their saltses stood at $1,343 per ton in 2021, dropping by -31.7% against the previous year. Overall, the export price recorded a abrupt contraction. Over the period under review, the average export prices reached the peak figure at $2,908 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Bahrain amounted to -4.8% per year.

Imports of Monophenols; Cresols and Their Salts in Saudi Arabia

In 2022, supplies from abroad of monophenols; cresols and their saltses increased by 366% to 18 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a sharp reduction.

In value terms, monophenols; cresols and their salts imports skyrocketed to $79K in 2022. Over the period under review, imports, however, saw a dramatic decline.

Top Suppliers of Monophenols; Cresols and Their Salts to Saudi Arabia in 2022:

1. Thailand (17.4 tons)
2. United Kingdom (0.5 tons)

Exports of Monophenols; Cresols and Their Salts in Saudi Arabia

In 2021, approx. 542 kg of monophenols; cresols and their saltses were exported from Saudi Arabia; rising by 17% against the year before. The total export volume increased at an average annual rate of +17.1% over the period from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 17%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, monophenols; cresols and their salts exports declined rapidly to $728 in 2021. Over the period under review, exports, however, faced a dramatic downturn. The smallest decline of -20% was in 2020.

Top Export Markets for Monophenols; Cresols and Their Salts from Saudi Arabia in 2022:

1. Germany (542.0 kg)

Source: IndexBox Market Intelligence Platform