Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Vietnam - 2022
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Vietnam (CIF) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Vietnam
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Vietnam (CIF) - 2022
The average import price for monophenols; phenol (hydroxybenzene) and its saltses stood at $1,570 per ton in 2022, with an increase of 15% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 57% against the previous year. The import price peaked at $1,666 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Africa ($1,570 per ton) and China ($1,570 per ton), while the price for Taiwan (Chinese) ($1,570 per ton) and Thailand ($1,570 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Vietnam
In 2022, imports of monophenols; phenol (hydroxybenzene) and its saltses into Vietnam soared to 8.9K tons, picking up by 43% against the previous year's figure. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses surged to $14M in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.3 | 0.9 | 2.3 | 4.6 | 148.4% |
| Taiwan (Chinese) | 2.8 | 2.4 | 3.1 | 3.8 | 10.7% |
| South Korea | 0.6 | 0.8 | 1.4 | 2.9 | 69.1% |
| China | 1.0 | 0.3 | 0.8 | 1.9 | 23.9% |
| Malaysia | 0.3 | 0.1 | 0.3 | 0.4 | 10.1% |
| Saudi Arabia | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Others | 0.3 | 0.4 | 0.4 | 0.2 | -12.6% |
| Total | 5.6 | 5.1 | 8.5 | 14.0 | 35.7% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Vietnam in 2022:
- Thailand (2.9K tons)
- Taiwan (Chinese) (2.4K tons)
- South Korea (1.9K tons)
- China (1.2K tons)
- Malaysia (0.3K tons)
- Saudi Arabia (0.1K tons)
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