Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium - 2023
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium (FOB) - 2023
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium (CIF) - 2022
- Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium (FOB) - 2023
In October 2023, the average export price for polyphenols; hydroquinone (quinol) and its saltses amounted to $7,608 per ton, surging by 12% against the previous month. In general, the export price, however, showed a pronounced slump. Over the period under review, the average export prices reached the peak figure at $12,601 per ton in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was South Africa ($13,000 per ton), while the average price for exports to Cote d'Ivoire ($4,540 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium (CIF) - 2022
The average import price for polyphenols; hydroquinone (quinol) and its saltses stood at $7,582 per ton in 2022, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2021 an increase of 31%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($11,752 per ton), while the price for Germany ($5,016 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium
For the fourth consecutive year, Belgium recorded growth in shipments abroad of polyphenols; hydroquinone (quinol) and its saltses, which increased by 43% to 2.3K tons in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 208% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of polyphenols; hydroquinone (quinol) and its saltses skyrocketed to $29M in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 134% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 2.7 | 5.4 | 8.8 | 15.0 | 77.1% |
| Cote d'Ivoire | N/A | 1.0 | 0.9 | 2.9 | 70.3% |
| Cameroon | 0.1 | 0.7 | 0.7 | 1.8 | 162.1% |
| Lebanon | N/A | N/A | 0.8 | 1.6 | 100.0% |
| Togo | N/A | N/A | N/A | 1.5 | 0% |
| Senegal | N/A | 0.1 | 0.1 | 1.0 | 216.2% |
| Germany | N/A | 0.3 | 0.4 | 1.0 | 82.6% |
| Nigeria | 0.4 | 0.3 | 0.6 | 0.9 | 31.0% |
| France | N/A | N/A | N/A | 0.7 | 0% |
| Lithuania | N/A | N/A | N/A | 0.5 | 0% |
| Others | 0.2 | 0.2 | 0.7 | 2.2 | 122.4% |
| Total | 3.4 | 7.9 | 12.9 | 29.2 | 104.8% |
Top Export Markets for Polyphenols; Hydroquinone (Quinol) and Its Salts from Belgium in 2022:
- Democratic Republic of the Congo (1149.3 tons)
- Cote d'Ivoire (213.8 tons)
- Cameroon (142.7 tons)
- Lebanon (130.5 tons)
- Togo (115.2 tons)
- Germany (87.0 tons)
- Senegal (73.2 tons)
- Nigeria (62.7 tons)
- France (53.0 tons)
- Lithuania (46.5 tons)
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium
In 2022, imports of polyphenols; hydroquinone (quinol) and its saltses into Belgium expanded sharply to 2.1K tons, surging by 9.6% compared with the previous year's figure. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 166%. As a result, imports reached the peak of 2.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses soared to $16M in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 130% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Polyphenols; Hydroquinone (Quinol) and Its Salts in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.8 | 7.3 | 6.9 | 5.3 | 87.8% |
| France | 0.6 | 0.5 | 2.5 | 4.1 | 89.8% |
| Italy | N/A | 2.1 | 1.7 | 3.3 | 25.4% |
| United States | 1.3 | 1.6 | 1.0 | 1.6 | 7.2% |
| Netherlands | 0.5 | 0.3 | 0.4 | 1.1 | 30.1% |
| Japan | 0.4 | 0.6 | 0.3 | 0.1 | -37.0% |
| United Kingdom | 2.7 | 2.4 | N/A | N/A | -11.1% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 6.5 | 14.8 | 12.8 | 15.6 | 33.9% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to Belgium in 2022:
- Germany (1056.0 tons)
- France (349.8 tons)
- Italy (299.4 tons)
- United States (206.7 tons)
- Netherlands (127.7 tons)
- Japan (10.0 tons)
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