Price for Polyphenols; Resorcinol and Its Salts in Norway - 2023

Contents:

1. Price for Polyphenols; Resorcinol and Its Salts in Norway (CIF) - 2023
2. Price for Polyphenols; Resorcinol and Its Salts in Norway (FOB) - 2022
3. Imports of Polyphenols; Resorcinol and Its Salts in Norway
4. Exports of Polyphenols; Resorcinol and Its Salts in Norway

Price for Polyphenols; Resorcinol and Its Salts in Norway (CIF) - 2023

In August 2023, the average import price for polyphenols; resorcinol and its saltses amounted to $5,490 per ton, dropping by -2.8% against the previous month. In general, the import price continues to indicate a slight decline. The growth pace was the most rapid in December 2022 when the average import price increased by 39% against the previous month. Over the period under review, average import prices hit record highs at $8,921 per ton in January 2023; however, from February 2023 to August 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From August 2022 to August 2023, the rate of growth in terms of prices for Belgium amounted to +0.2% per month.

Price for Polyphenols; Resorcinol and Its Salts in Norway (FOB) - 2022

The average export price for polyphenols; resorcinol and its saltses stood at $12,640 per ton in 2022, falling by -7.3% against the previous year. Over the period under review, the export price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 51%. Over the period under review, the average export prices hit record highs at $14,563 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($14,290 per ton), while the average price for exports to Austria ($9,351 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyphenols; Resorcinol and Its Salts in Norway

Polyphenols; resorcinol and its salts imports into Norway dropped to 992 tons in 2022, falling by -2.6% on the year before. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 49%. As a result, imports attained the peak of 1K tons, and then reduced modestly in the following year.

In value terms, polyphenols; resorcinol and its salts imports shrank to $6M in 2022. The total import value increased at an average annual rate of +3.4% 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 51%. As a result, imports attained the peak of $6.8M, and then contracted in the following year.

Top Suppliers of Polyphenols; Resorcinol and Its Salts to Norway in 2022:

1. Japan (925.8 tons)
2. Belgium (66.0 tons)

Exports of Polyphenols; Resorcinol and Its Salts in Norway

For the third consecutive year, Norway recorded decline in overseas shipments of polyphenols; resorcinol and its saltses, which decreased by -39.9% to 24 tons in 2022. Over the period under review, exports showed a sharp contraction. The smallest decline of -10.1% was in 2021.

In value terms, polyphenols; resorcinol and its salts exports reduced dramatically to $304K in 2022. In general, exports faced a precipitous curtailment. The smallest decline of -9.8% was in 2021.

Top Export Markets for Polyphenols; Resorcinol and Its Salts from Norway in 2022:

1. Hungary (18.0 tons)
2. Austria (5.0 tons)
3. Greece (1.1 tons)

Source: IndexBox Market Intelligence Platform