Southern Asia: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Southern Asia

In 2022, the South Asian polyphenols and phenol-alcohols market decreased by -7.5% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Polyphenols And Phenol-Alcohols Production in Southern Asia

In value terms, polyphenols and phenol-alcohols production surged to $X in 2022 estimated in export price. Overall, production recorded a measured expansion. The growth pace was the most rapid in 2020 with an increase of 370%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports in Southern Asia

In 2022, approx. X tons of polyphenols and phenol-alcohols were exported in Southern Asia; with an increase of 12% on the previous year's figure. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.8% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, polyphenols and phenol-alcohols exports soared to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +10.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 65%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of polyphenols and phenol-alcohols, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the polyphenols and phenol-alcohols exports, with a CAGR of +10.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest polyphenols and phenol-alcohols supplier in Southern Asia.

In India, polyphenols and phenol-alcohols exports expanded at an average annual rate of +10.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, rising by 7.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 9.7% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.2% per year.

Polyphenols And Phenol-Alcohols Imports

Imports in Southern Asia

In 2022, overseas purchases of polyphenols and phenol-alcohols decreased by -12.3% to X tons, falling for the fourth year in a row after seven years of growth. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -42.2% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 32% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols imports expanded notably to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 57% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the one major importers of polyphenols and phenol-alcohols, namely India, represented more than two-thirds of total import.

India was also the fastest-growing in terms of the polyphenols and phenol-alcohols imports, with a CAGR of +1.7% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported polyphenols and phenol-alcohols in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled +7.0%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by 31% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price increased by +101.1% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.2% per year.

Source: IndexBox Platform

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