Phenols; Phenol-Alcohols Price in Myanmar - 2022
Contents:
Phenols; Phenol-Alcohols Price in Myanmar (CIF) - 2022
The average phenols; phenol-alcohols import price stood at $1,527 per ton in 2022, increasing by 13% against the previous year. Over the period under review, the import price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of 67%. Over the period under review, average import prices attained the peak figure at $2,805 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($3,667 per ton), while the price for South Korea ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.0%), while the prices for the other major suppliers experienced a decline.
Phenols; Phenol-Alcohols Imports in Myanmar
In 2022, purchases abroad of phenols; phenol-alcoholses decreased by -24.1% to 508 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 200%. As a result, imports reached the peak of 670 tons, and then declined rapidly in the following year.
In value terms, phenols; phenol-alcohols imports fell to $776K in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 232% against the previous year. As a result, imports reached the peak of $907K, and then dropped in the following year.
| Import of Phenols; Phenol-Alcohols in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 28.4 | 23.3 | 157 | 319 | 124.0% |
| China | 12.4 | 22.7 | 332 | 255 | 174.0% |
| Thailand | 9.1 | 28.0 | 165 | 170 | 165.3% |
| South Korea | 3.5 | 2.8 | 28.1 | 14.3 | 59.9% |
| Taiwan (Chinese) | 37.9 | 101 | 83.3 | N/A | 48.3% |
| Pakistan | 6.5 | N/A | N/A | N/A | 0% |
| Others | 39.5 | 95.8 | 141 | 18.7 | -22.1% |
| Total | 137 | 274 | 907 | 776 | 78.3% |
Top Suppliers of Phenols; Phenol-Alcohols to Myanmar in 2022:
- China (245.6 tons)
- Thailand (121.9 tons)
- India (86.9 tons)
- South Korea (48.5 tons)
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