China - Phenolic Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenolic Resins Price in China - 2023
Contents:
- Phenolic Resins Price in China (CIF) - 2023
- Phenolic Resins Price in China (FOB) - 2023
- Phenolic Resins Imports in China
- Phenolic Resins Exports in China
Phenolic Resins Price in China (CIF) - 2023
The average phenolic resins import price stood at $3,493 per ton in June 2023, picking up by 10% against the previous month. Overall, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in January 2023 an increase of 12% against the previous month. The import price peaked at $4,445 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was South Korea ($7,702 per ton), while the price for India ($3,084 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenolic Resins Price in China (FOB) - 2023
In June 2023, the average phenolic resins export price amounted to $1,773 per ton, with a decrease of -1.8% against the previous month. Overall, the export price saw a mild slump. The growth pace was the most rapid in January 2023 an increase of 3.3% against the previous month. The export price peaked at $2,064 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Malaysia ($2,343 per ton), while the average price for exports to Bangladesh ($873 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.4%), while the prices for the other major destinations experienced a decline.
Phenolic Resins Imports in China
In 2022, after three years of growth, there was significant decline in supplies from abroad of phenolic resins in primary forms, when their volume decreased by -28.2% to 85K tons. Over the period under review, imports continue to indicate a mild setback. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of 119K tons, and then fell rapidly in the following year.
In value terms, phenolic resins imports declined markedly to $334M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of $410M, and then reduced markedly in the following year.
| Import of Phenolic Resins in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 54.2 | 57.7 | 75.6 | 78.6 | 13.2% |
| Japan | 74.5 | 82.9 | 110 | 76.9 | 1.1% |
| Germany | 22.1 | 27.7 | 36.7 | 31.0 | 11.9% |
| Singapore | 25.4 | 22.6 | 34.9 | 24.9 | -0.7% |
| United States | 17.9 | 16.3 | 25.5 | 16.4 | -2.9% |
| India | 2.6 | 1.8 | 3.5 | 3.4 | 9.4% |
| Taiwan (Chinese) | 78.2 | N/A | N/A | N/A | 0% |
| Others | 7.8 | 91.8 | 124 | 103 | 136.4% |
| Total | 283 | 301 | 410 | 334 | 5.7% |
Top Suppliers of Phenolic Resins to China in 2022:
- Japan (13.0K tons)
- South Korea (9.3K tons)
- Germany (7.2K tons)
- Singapore (6.4K tons)
- United States (2.7K tons)
- India (0.9K tons)
Phenolic Resins Exports in China
In 2022, the amount of phenolic resins in primary forms exported from China dropped to 105K tons, which is down by -6.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports attained the peak of 113K tons, and then reduced in the following year.
In value terms, phenolic resins exports expanded significantly to $209M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Phenolic Resins in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 28.2 | 25.8 | 35.0 | 33.9 | 6.3% |
| South Korea | 20.5 | 20.1 | 25.5 | 28.3 | 11.3% |
| Japan | 18.3 | 13.8 | 19.5 | 20.8 | 4.4% |
| India | 17.0 | 11.2 | 16.7 | 19.0 | 3.8% |
| Vietnam | 13.0 | 14.6 | 17.7 | 18.0 | 11.5% |
| Indonesia | 11.1 | 8.2 | 12.6 | 13.6 | 7.0% |
| Brazil | 5.3 | 5.6 | 4.0 | 7.7 | 13.3% |
| Iran | 5.8 | 4.3 | 4.7 | 5.7 | -0.6% |
| Russia | 1.4 | 2.4 | 3.2 | 5.7 | 59.7% |
| United States | 9.1 | 4.4 | 3.9 | 5.6 | -14.9% |
| Malaysia | 4.2 | 3.3 | 3.4 | 4.8 | 4.6% |
| Turkey | 4.7 | 4.2 | 4.2 | 3.9 | -6.0% |
| Others | 35.1 | 31.9 | 43.9 | 42.3 | 6.4% |
| Total | 174 | 150 | 194 | 209 | 6.3% |
Top Export Markets for Phenolic Resins from China in 2022:
- Thailand (15.9K tons)
- South Korea (14.7K tons)
- India (10.1K tons)
- Japan (9.7K tons)
- Vietnam (9.6K tons)
- Indonesia (7.3K tons)
- Brazil (4.4K tons)
- Russia (4.0K tons)
- Iran (2.9K tons)
- Turkey (2.8K tons)
- United States (2.7K tons)
- Malaysia (2.1K tons)
This report provides an in-depth analysis of the phenolic resins market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20165650 - Phenolic resins, in primary forms
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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