U.S.: Phenols Market 2024

Phenols Market Size in the U.S.

The U.S. phenols market was estimated at $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Phenols Production in the U.S.

In value terms, phenols production stood at $X in 2022. Over the period under review, production, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2017 with an increase of X%. Phenols production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Phenols Exports

Exports from the U.S.

In 2022, approx. X tons of phenols were exported from the United States; dropping by X% on the previous year. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, phenols exports skyrocketed to $X in 2022. Overall, exports saw a pronounced decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), the Netherlands (X tons) and Mexico (X tons) were the main destinations of phenols exports from the United States, with a combined X% share of total exports. China, Belgium, India, Brazil, South Korea, Taiwan (Chinese), Turkey, Chile, Colombia and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for phenols exported from the United States were China ($X), Canada ($X) and the Netherlands ($X), with a combined X% share of total exports. Mexico, South Korea, Taiwan (Chinese), India, Belgium, Brazil, Colombia, Turkey, Chile and Italy lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average phenols export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phenols export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenols Imports

Imports into the U.S.

In 2022, approx. X tons of phenols were imported into the United States; waning by X% against the previous year. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, phenols imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

India (X tons), Japan (X tons) and China (X tons) were the main suppliers of phenols imports to the United States, with a combined X% share of total imports. Thailand, Taiwan (Chinese), Germany, Singapore, South Korea, the Netherlands, Israel and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phenols suppliers to the United States were India ($X), Japan ($X) and China ($X), with a combined X% share of total imports. Germany, Taiwan (Chinese), South Korea, Thailand, Singapore, Israel, the Netherlands and Mexico lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average phenols import price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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