The US exported 557,000 tons of recyclable polymers in 2021, one-third the volume of what was shipped in 2017. In addition to a sharp decline in volume over that period, the distribution of US exports changed. Latin America and Canada now account for a greater share of the total, although Asia-Pacific remains the largest volume destination. Further declines in US exports to Asia-Pacific are likely given the decision by CMA CGM, the US’s largest shipper of these materials, to end shipments as of June 1, 2022.
Continue readingTrends in United States’ Trade in Commodity Polymers in 2021
Imports of commodity polymers into the US in 2021 were the highest volume ever reported, 7.0 million tons, an increase of 1 million tons, 16%, from the prior year. The increase in imports, and also the drop in US exports by 15%, to 14.2 million tons, reflected strong domestic demand, US production issues and logistical problems. Demand is likely to continue strong in 2022. New US capacity and the gradual resolution of supply chain issues will likely result in further declines in imports and rising exports.
Continue readingTrends in China’s Trade in Commodity Polymers in 2021
Unlike prior years, imports of commodity polymers did not surge into China toward yearend 2021 in advance of the Chinese Year slowdown. Also unusual was the sharp rise in exports out of China in December. The year ended with commodity polymer imports down 19%, to 27.5 million tons, and exports up 74%, to 8.9 million tons.
Continue readingTrends in Russia’s Exports of Polyolefins
Much lower exports to Asia-Pacific in 2021 versus 2020, due to a steep drop in shipments to China, shifted Russian exports toward Eastern Europe, Western Europe and, with smaller volumes, Latin America and Africa.
Continue readingThe Volume of Recyclable Polymers Traded Globally Increased in 2021 After Years of Declines
The increase in 2021 was unusual and may have related to virgin polymer shortages.
Continue readingGrowth 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.
Continue readingStrong Domestic Demand and Supply Constraints Reflected in US Polymer Imports and Exports Through November 2021 and also in US Imports of Fabricated Plastic Products.
US statistics through November show imports across all commodity polymers up 17% from the same period the year before, exports down 15%, and fabricated plastic product imports up 23%.
Continue readingWestern 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.
Continue readingDespite US Sanctions, Iran Exported 1.96 million Tons of Ethylene Polymers Through August 2021, up 29%
China and Turkey were shipped 95% of the total volume, with 5% to many other countries, including several that attempt to comply with the sanctions.
Continue readingMEG 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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