Price for Monophenols; Cresols and Their Salts in Thailand - 2023

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

In 2022, the average import price for monophenols; cresols and their saltses amounted to $3,252 per ton, increasing by 29% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monophenols; cresols and their salts import price increased by +70.9% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 32%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual 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 Germany ($8,186 per ton), while the price for Singapore ($2,799 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for monophenols; cresols and their saltses stood at $3,059 per ton in 2022, falling by -1.6% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2013 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the maximum at $6,988 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($3,040 per ton), while the average price for exports to Malaysia stood at $2,452 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-3.5%).

Imports of Monophenols; Cresols and Their Salts in Thailand

In 2022, after three years of growth, there was significant decline in purchases abroad of monophenols; cresols and their saltses, when their volume decreased by -43.9% to 406 tons. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 50%.

In value terms, monophenols; cresols and their salts imports dropped remarkably to $1.3M in 2022. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 55%. As a result, imports attained the peak of $1.8M, and then reduced dramatically in the following year.

Import of Monophenols; Cresols and Their Salts in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	458	N/A	N/A	727	16.7%
China	51.4	30.6	742	270	73.8%
United States	99.8	486	582	195	25.0%
India	396	580	407	80.8	-41.1%
Japan	106	59.7	70.6	7.9	-57.9%
Others	37.2	17.7	17.2	37.8	0.5%
Total	1,149	1,174	1,818	1,319	4.7%

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

Singapore (259.9 tons)
China (59.9 tons)
United States (54.2 tons)
India (26.9 tons)
Japan (0.7 tons)

Exports of Monophenols; Cresols and Their Salts in Thailand

In 2022, after two years of decline, there was significant decline in shipments abroad of monophenols; cresols and their saltses, when their volume decreased by -49.3% to 74 kg. Overall, exports continue to indicate a dramatic curtailment.

In value terms, monophenols; cresols and their salts exports contracted rapidly to $227 in 2022. In general, exports continue to indicate a dramatic setback.