Growth in the Volume of Polyolefins Traded Globally was Arrested in 2021 by Supply Issues; a Rebound in 2022 is Likely as Supply Increases

The trend in global trade volume generally indicates the trend in demand for polymers that are widely traded, but this depends on supply availability. A strong upward trend was evident in global trade in 2019 and 2020 for linear polyethylene, HDPE and PP homopolymer, but not in 2021.

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Western Europe’s Polyethylene Imports in 2021 Projected to Nearly Equal 2019 Pre-Pandemic Levels; Polypropylene Imports, to Exceed Those Levels

Imports of PE and PP from Eastern Europe increased in both 2020 and 2021. Large volumes of polymer were imported from the Middle East, Asia-Pacific, North America and other regions, despite widely discussed logistics issues.

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MEG Global Trade Volume Projected Down 9% in 2021, to 15.3 Million tons

The decline in the global total is primarily attributable to substantially lower imports into China, which is not expected to be offset by higher imports into Turkey, India, Mexico and Pakistan, among others.

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China’s Commodity Polymer Imports Were Down 17% Through September, 2021; Exports Were Up 77%

China’s imports of all the major commodity polymer groups – PE, PP, PS, PVC, PET – continued depressed from last year’s levels; smaller volume exports, especially of PP, PVC and PET posted strong gains.

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Propylene Polymer Imports into Eastern Europe Up by 1 Million tons From 2015

Imports of polypropylene, propylene copolymers and polyisobutylene into the geographic region of Eastern Europe increased from 3.3 million tons in 2015 to 4.3 million tons projected for 2021.

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Global Trade in Caustic Soda Increased by 2.5 Million Tons from 2010 to 2020, With Additional Gains Projected for 2021

Key trends over the period that contributed to the increased volume were: higher exports from North America; increased imports into Latin America, Asia-Pacific and Western Europe; and, increased trade within Western Europe and Asia-Pacific.

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