Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Germany - 2023

Contents:

1. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Germany (CIF) - 2023
2. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Germany (FOB) - 2023
3. Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Germany
4. Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Germany

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Germany (CIF) - 2023

In November 2023, the average import price for oils and products of the distillation of high temperature coal tar; benzoles amounted to $797 per ton, waning by -10.6% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 an increase of 18% against the previous month. As a result, import price reached the peak level of $892 per ton, and then contracted in the following month.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Switzerland ($898 per ton) and Austria ($868 per ton), while the price for Bosnia and Herzegovina ($623 per ton) and Poland ($645 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the UK (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Germany (FOB) - 2023

In October 2023, the average export price for oils and products of the distillation of high temperature coal tar; benzoles amounted to $1,006 per ton, rising by 17% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In October 2023, the country with the highest price was Belgium ($1,058 per ton), while the average price for exports to the Netherlands stood at $932 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.8%).

Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Germany

In 2022, imports of oils and products of the distillation of high temperature coal tar; benzoles into Germany fell sharply to 275K tons, dropping by -21.2% compared with the previous year's figure. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports attained the peak of 349K tons, and then declined markedly in the following year.

In value terms, imports of oils and products of the distillation of high temperature coal tar; benzoles contracted to $229M in 2022. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 131% against the previous year. As a result, imports reached the peak of $257M, and then reduced in the following year.

Top Suppliers of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole to Germany in 2022:

1. Netherlands (95.5K tons)
2. Austria (79.5K tons)
3. Poland (56.3K tons)
4. Switzerland (31.9K tons)
5. Hungary (5.1K tons)

Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Germany

In 2022, exports of oils and products of the distillation of high temperature coal tar; benzoles from Germany contracted to 62K tons, declining by -4.1% on the previous year's figure. Over the period under review, total exports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56%. As a result, the exports reached the peak of 64K tons, and then reduced modestly in the following year.

In value terms, exports of oils and products of the distillation of high temperature coal tar; benzoles expanded rapidly to $57M in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 86%. Over the period under review, the exports of oils and products of distillation of high temperature coal tar; benzoles hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole from Germany in 2022:

1. Belgium (49.8K tons)
2. Netherlands (11.8K tons)

Source: IndexBox Market Intelligence Platform