Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico - 2023
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico (CIF) - 2023
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico (FOB) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico
- Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico (CIF) - 2023
The average import price for monophenols; phenol (hydroxybenzene) and its saltses stood at $1,354 per ton in December 2023, declining by -6.5% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 19% month-to-month. As a result, import price reached the peak level of $1,555 per ton. From November 2023 to December 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +0.2% per month.
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico (FOB) - 2022
In 2022, the average export price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $828 per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 289% against the previous year. As a result, the export price attained the peak level of $5,264 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Peru.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -8.3% per year.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico
In 2022, approx. 14K tons of monophenols; phenol (hydroxybenzene) and its saltses were imported into Mexico; with a decrease of -15.6% on the year before. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 2.6% against the previous year.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses expanded to $23M in 2022. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +2.3% 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 +61.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.2 | 14.1 | 22.3 | 22.8 | 2.5% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 21.3 | 14.1 | 22.3 | 22.8 | 2.3% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Mexico in 2022:
- United States (14.3K tons)
Exports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico
In 2022, shipments abroad of monophenols; phenol (hydroxybenzene) and its saltses decreased by 0% to 84 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 11%. As a result, the exports reached the peak of 168 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of monophenols; phenol (hydroxybenzene) and its saltses stood at $69K in 2022. Overall, exports continue to indicate a precipitous setback. The smallest decline of -12.3% was in 2020.
| Export of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 158 | 130 | N/A | 69.4 | -24.0% |
| Costa Rica | N/A | 8.4 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 158 | 139 | N/A | 69.4 | -24.0% |
Top Export Markets for Monophenols; Phenol (Hydroxybenzene) and Its Salts from Mexico in 2022:
- Peru (83.8 tons)
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