Both MEG and DEG global trade volume increased in 2011, although the growth rate for MEG was down substantially from 2010.
Mono-ethylene glycol global trade expanded 5% in 2011, to 13.7 million tons, after an increase of 18% in 2010. DEG trade expanded 6%, to 1.3 million tons, versus a 4% gain in 2010.
Middle East exports of MEG increased 9% in 2011, on 11% higher volumes to Asia-Pacific, partly offset by declines of 1%-5% to Western Europe, North America and Eastern Europe. North America’s MEG exports dropped 6%, a decline of 8% on shipments to Asia-Pacific only partly offset by a 2% gain to Latin America.
Middle East exports of DEG increased 13% on substantially higher volumes to both Asia-Pacific and North America and a minor gain to Western Europe.
These are a few of the trends in ITP’s World Trade Annual Reviews of 2011 for MEG and DEG. The Reviews are detailed analyses of trade between countries and regions, based on import/export statistics from 60 countries, representing nearly all of the world’s trade volume. ITP measures trade volume as the sum of imports into all countries, which equals exports from all countries, as each import has a corresponding export. As the volume of product traded globally is a direct measure of a significant part of apparent demand for the widely traded products in the Reviews, percentage changes in trade volume from year to year generally reflect actual changes in demand.
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