Global Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size

The global polyphenols and phenol-alcohols market soared to $X in 2022, rising by 25% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +77.4% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyphenols And Phenol-Alcohols Production

In value terms, polyphenols and phenol-alcohols production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 27%. Global production peaked at $X in 2019; afterwards, it flattened through to 2022.

Polyphenols And Phenol-Alcohols Exports

Exports

After two years of growth, overseas shipments of polyphenols and phenol-alcohols decreased by -12.2% to X tons in 2022. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 20% against the previous year. The global exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, polyphenols and phenol-alcohols exports contracted modestly to $X in 2022. Overall, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +64.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Over the period under review, the global exports hit record highs at $X in 2021, and then reduced slightly in the following year.

Exports by Country

In 2022, Japan (X tons), distantly followed by the United States (X tons), China (X tons), India (X tons), France (X tons), Germany (X tons) and Italy (X tons) were the major exporters of polyphenols and phenol-alcohols, together making up 87% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +82.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined 53% share of global exports. India, Germany, France and Italy lagged somewhat behind, together accounting for a further 30%.

France, with a CAGR of +57.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the other global leaders experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports

After two years of growth, purchases abroad of polyphenols and phenol-alcohols decreased by -8.5% to X tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Over the period under review, global imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols imports reached $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons), distantly followed by India (X tons), the United States (X tons), Belgium (X tons) and South Korea (X tons) were the major importers of polyphenols and phenol-alcohols, together constituting 55% of total imports. Japan (X tons), Germany (X tons), the Netherlands (X tons), the UK (X tons), Italy (X tons), Brazil (X tons), Democratic Republic of the Congo (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +8.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 32% of global imports. Belgium, South Korea, Japan, Germany, the UK, Brazil, the Netherlands, Italy, Democratic Republic of the Congo and Indonesia lagged somewhat behind, together comprising a further 41%.

Democratic Republic of the Congo, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polyphenols and phenol-alcohols import price amounted to $X per ton, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2018 an increase of 18%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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