Phenols and other oils and oil products market
Phenols and other oils and oil products market: read new information empowered by an Ai-driven business intelligence tool. Statistics include trade, market prices, market size, production, exports, consumption, imports, and companies. There is a split by region, including EU, Latin America, the Middle East, the U.K., China, Russia, the U.S., and Africa. Market dynamics and forecast to 2030 are also featured in the reports.
Phenols and Other Oils and Oil Products - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | Finland |
| 4 | India |
| 5 | Belgium |
In value terms, China, the United States and Finland were the countries with the highest levels of market value in 2020, together accounting for 48% of the global market.
Finland (+308.2% per year) saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while market of phenols and other oils and oil products for the other global leaders experienced more modest paces of growth.
Phenols And Other Oils And Oil Products Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Russia | 235 | 240 | 236 | 0.2% |
| Poland | 756 | 514 | 287 | -38.4% |
| Netherlands | 297 | 293 | 304 | 1.2% |
| United Kingdom | 742 | 472 | 336 | -32.7% |
| France | 567 | 539 | 345 | -22.0% |
| Belgium | 397 | 362 | 413 | 2.0% |
| Indonesia | 583 | 509 | 423 | -14.8% |
| India | 534 | 518 | 424 | -10.9% |
| Germany | 479 | 397 | 437 | -4.5% |
| Spain | 540 | 515 | 498 | -4.0% |
| Estonia | 3095 | 1692 | 623 | -55.1% |
| Denmark | 1934 | 1485 | 751 | -37.7% |
| United States | 922 | 1130 | 1130 | 10.7% |
| Average | 518 | 470 | 371 | -15.4% |
Prices varied noticeably by the country of origin; the country with the highest price was the United States ($1,130 per ton), while Russia ($236 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Spain | 458 | 497 | 570 | 11.6% |
| China | 654 | 596 | 413 | -20.5% |
| Germany | 451 | 447 | 354 | -11.4% |
| France | 591 | 571 | 337 | -24.5% |
| Denmark | 458 | 386 | 325 | -15.8% |
| Netherlands | 442 | 381 | 270 | -21.8% |
| Belgium | 461 | 470 | 260 | -24.9% |
| Sweden | 462 | 405 | 255 | -25.7% |
| Estonia | 302 | 275 | 226 | -13.5% |
| Average | 544 | 488 | 361 | -18.5% |
Prices varied noticeably by the country of destination; the country with the highest price was Spain ($570 per ton), while Estonia ($226 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced a decline in the import price figures.
Phenols and Other Oils and Oil Products - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 5.2 | 5.2 | 6.5 | 11.8% |
| Netherlands | 1.1 | 1.5 | 1.8 | 27.6% |
| Belgium | 0.5 | 1 | 0.9 | 34.8% |
| Estonia | 0.2 | 0.3 | 0.4 | 50.6% |
| France | 0.3 | 0.2 | 0.3 | 15.1% |
In value terms, China ($6.5B) constitutes the largest market for imported phenols and other oils and oil products worldwide, comprising 50% of global imports. The second position in the ranking was occupied by the Netherlands ($1.8B), with a 14% share of global imports. It was followed by Belgium, with a 6.7% share.
In China, imports of phenols and other oils and oil products expanded at an average annual rate of +11.8% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the Netherlands (+27.6% per year) and Belgium (+34.8% per year).
Phenols and Other Oils and Oil Products - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Netherlands | 0.5 | 0.5 | 2.3 | 124.8% |
| Russia | 0.4 | 0.6 | 1.5 | 102.4% |
| Belgium | 0.7 | 0.9 | 1 | 19.0% |
| Indonesia | 0.3 | 0.5 | 0.7 | 65.1% |
| United States | 1.1 | 0.7 | 0.5 | -29.1% |
In value terms, the largest phenols and other oils and oil products supplying countries worldwide were the Netherlands ($2.3B), Russia ($1.5B) and Belgium ($1B), together accounting for 48% of global exports. Indonesia, the United States, Estonia, Germany, the UK, Poland, Denmark, Spain, India and France lagged somewhat behind, together accounting for a further 39%.
Estonia (+312.9% per year) saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Phenols and Other Oils and Oil Products - Market Forecast
The market for phenols and other oils and oil products is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.7% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.
Phenols and Other Oils and Oil Products - Product Coverage
- HS 270791 - Oils and other products of the distillation of high temperature coal tar; creosote oils
- HS 270799 - Oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707
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