Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Pakistan - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Pakistan (CIF) - 2023
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Pakistan
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Pakistan (CIF) - 2023
In July 2023, the average import price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,400 per ton, remaining stable against the previous month. In general, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in October 2022 an increase of 8% against the previous month. The import price peaked at $1,925 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were South Korea ($1,420 per ton) and Taiwan (Chinese) ($1,413 per ton), while the price for China ($1,328 per ton) and South Africa ($1,357 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (0.0%), while the prices for the other major suppliers experienced a decline.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Pakistan
In 2022, supplies from abroad of monophenols; phenol (hydroxybenzene) and its saltses decreased by -1.4% to 3K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 9.9% against the previous year. As a result, imports attained the peak of 3.7K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses skyrocketed to $5.6M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3,291 | 2,758 | 2,379 | 2,209 | -12.4% |
| South Korea | 1,062 | 1,457 | 1,411 | 1,941 | 22.3% |
| Russia | N/A | 174 | 72.9 | 346 | 41.0% |
| Brazil | N/A | 21.6 | N/A | 288 | 265.1% |
| Saudi Arabia | N/A | N/A | N/A | 268 | 0% |
| South Africa | 44.1 | 542 | 379 | 235 | 74.7% |
| China | 105 | 89.5 | 8.6 | 190 | 21.9% |
| Others | 49.4 | 77.0 | 39.7 | 81.0 | 17.9% |
| Total | 4,551 | 5,119 | 4,291 | 5,559 | 6.9% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Pakistan in 2022:
- Taiwan (Chinese) (1115.7 tons)
- South Korea (1073.9 tons)
- Russia (214.6 tons)
- Saudi Arabia (163.8 tons)
- Brazil (157.3 tons)
- South Africa (130.1 tons)
- China (107.3 tons)
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