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Learn about the increasing demand for phenolic resins in primary forms worldwide and how the market is expected to continue growing over the next six years. Market performance is projected to expand with an anticipated CAGR of +2.9% from 2024 to 2030, reaching 7.5M tons in volume and $18.6B in value by the end of 2030.
Explore the top import markets for phenolic resins around the world based on data from the IndexBox market intelligence platform.
From 2022 to 2023, the growth of imports of Phenolic Resins remained at a somewhat lower figure. In value terms, Phenolic Resins imports declined to $290M in 2023.
During the period analyzed, Phenolic Resins exports peaked in 2023 and are expected to keep rising in the near future. In terms of value, exports of Phenolic Resins saw a rapid increase to $104M in 2023.
Imports of Phenolic Resins peaked at 5.4K tons in 2013 but failed to regain momentum from 2014 to 2023, with imports decreasing to $867K in value terms.
Import volumes of Phenolic Resins peaked at 27K tons in 2017 and then stabilized at a lower level from 2018 to 2023. The import value increased slightly to $70M by 2023.
The export growth of Phenolic Resins from 2022 to 2023 slightly decreased, with exports reaching $107M in 2023.
From 2019 to 2023, Phenolic Resins exports experienced modest growth, reaching a value of $107M in 2023.
The import of Phenolic Resins has reached its peak and is expected to keep growing in the near future, with imports amounting to $90M in 2023.
From May 2023 to October 2023, Phenolic Resins imports experienced a significant decline, reaching a value of $366K in October 2023.
The most significant growth rate was observed in September 2022, with a 50% increase in exports compared to the previous month. In terms of value, exports of Phenolic Resins declined to $6.1M in August 2023.
In July 2023, the price of Phenolic Resins was $5,873 per ton (FOB, Japan), experiencing a decline of -6.6% compared to the previous month.
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