Although final trade statistics for 2024 will not be available for many countries until March of 2025, ITP’s analysis of trends for individual countries indicates expanded global trade volume in 2024 for the majority of products. Increased global trade generally indicates increased demand.
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Most Widely-Traded Petrochemicals and Related Products Will Show Increased Global Trade Volume September 2024 YTD Versus September 2023 YTD
Gains or declines in global trade volume have wide-ranging implications for shippers, producers, marketers and planners.
Continue readingAcrylonitrile Global Trade Trends
For most of the last ten years the volume of acrylonitrile (ACN) traded globally has trended downward. The exception was the period 2018 to 2021 when trade volume initially increased, then steadied, paralleling the trend in global trade in ABS polymer, its largest end use. There have been major shifts in ACN trade between regions over the period.
Continue readingVietnam is a Major Importer of Many Polymers, Chemicals and Related Products
Polyolefins, PTA, liquefied propane gas, soda ash, PVC, MEG, PET and methanol were leading imports, with sizable volumes also of recyclable PE, ABS, polycarbonates and caustic soda.
Continue readingChina Reported Lower Imports of Most Major Polymers and Chemicals Through September, 2022
Of fifteen large volume imports, each exceeding 1 million tons, imports of only three products were up September 2022 YTD from the same period in 2021.
Continue readingUS Imports of ABS, SAN, Expandable PS and PET Surged to Record Highs in March, 2022, Despite Continued High Prices
Imports of ABS and PET through first quarter 2022 were roughly 50% higher than during first quarter 2021.
Continue readingWestern Europe Exports to Russia More of Most Major Polymers than it Imports from Russia, with the Exception of Polypropylene.
Western Europe’s polymer trade with Russia, particularly in polyolefins, styrenic polymers and PVC, will be impacted by sanctions and broken supply chains from the war in Ukraine.
Continue readingUS Imports of Several Commodity Polymers Set New Records in July 2021
Imports of propylene polymers, styrenic polymers, PVC and PET all hit new highs in July on strong demand and tight supplies. Imports of ethylene polymers also surged. Hurricane Ida’s recent impact on US production capability is expected to further aggravate domestic supplies, especially for PVC and styrenics, increasing imports and reducing exports.
Continue readingChina Imported Record Volumes of PE, PP, PS and PVC in June 2020
Economic recovery was apparent in the stunning surge in China’s imports of virtually every major grade of commodity polymer in June. Import volume for the month, 3.6 million tons, was unprecedented and raised China’s YTD import total to 15.9 million tons, up 8% from the first half of 2019.
Continue reading2019 – the Baseline Year Before Covid-19
2019 was a particularly important year as a baseline because it showed trends that were evolving globally before massive dislocations from Covid-19.
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