Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea - 2022
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea (FOB) - 2022
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea (CIF) - 2022
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea (FOB) - 2022
The average export price for monophenols; phenol (hydroxybenzene) and its saltses stood at $988 per ton in December 2022, reducing by -11.1% against the previous month. In general, the export price showed a mild contraction. The pace of growth appeared the most rapid in May 2022 an increase of 18% against the previous month. As a result, the export price attained the peak level of $1,703 per ton. From June 2022 to December 2022, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In December 2022, the highest price was recorded for prices to India ($1,010 per ton) and China ($1,010 per ton), while the average price for exports to Japan ($966 per ton) and Taiwan (Chinese) ($972 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea (CIF) - 2022
The average import price for monophenols; phenol (hydroxybenzene) and its saltses stood at $1,365 per ton in 2022, surging by 26% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $1,520 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 the United States ($2,698 per ton), while the price for Thailand ($1,342 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea
In 2022, the amount of monophenols; phenol (hydroxybenzene) and its saltses exported from South Korea declined notably to 237K tons, with a decrease of -16% on the previous year. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 5.6% against the previous year.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses amounted to $308M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 63% against the previous year.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 82.7 | 76.8 | 93.4 | 112 | 10.6% |
| Taiwan (Chinese) | 97.3 | 30.7 | 124 | 96.0 | -0.4% |
| China | 118 | 55.3 | 62.0 | 57.3 | -21.4% |
| India | 8.5 | 10.2 | 8.0 | 22.3 | 37.9% |
| Thailand | N/A | 5.2 | 2.3 | 7.8 | 22.5% |
| Australia | 0.4 | 1.3 | 2.7 | 6.2 | 149.3% |
| Others | 6.9 | 6.1 | 11.1 | 6.3 | -3.0% |
| Total | 314 | 186 | 303 | 308 | -0.6% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from South Korea in 2022:
- Japan (87.3K tons)
- Taiwan (Chinese) (71.4K tons)
- China (44.8K tons)
- India (17.3K tons)
- Thailand (6.6K tons)
- Australia (4.8K tons)
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea
In 2022, approx. 33K tons of monophenols; phenol (hydroxybenzene) and its saltses were imported into South Korea; falling by -26.7% on the previous year's figure. Overall, imports showed a deep setback. The smallest decline of -14.4% was in 2020.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses fell to $45M in 2022. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 21%.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 49.9 | 38.3 | 48.3 | 40.9 | -6.4% |
| Japan | 2.3 | 0.1 | N/A | 3.3 | 12.8% |
| Saudi Arabia | 8.4 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 1.8 | 0.4 | 0.7 | -18.6% |
| Total | 61.9 | 40.2 | 48.8 | 45.0 | -10.1% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to South Korea in 2022:
- Thailand (30.5K tons)
- Japan (2.0K tons)
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