Africa’s only sizable exports of engineering polymers are PET.
The region’s imports of PET are much larger. The region also imports small volumes of ABS, SAN, Polyacetal, PC and PMMA.
Continue readingTag Archives: China
US-China Polyethylene Tariffs: History, Market Effects, and New Developments
In 2018, the US imposed tariffs on Chinese goods and China retaliated with a 25% tariff on PE imports from the US. This caused a drop in China’s imports from US in 2019 but this was followed by a resurgence in mid-2020 through mid-2021, aided in part by Covid-19-related demand. Imports from the US slowed in 2021 as China expanded capacity, but volumes began climbing again and reached a peak in 2023 at 2.8 million tons. This slowed to 2.6 million tons in 2024. From 2022 through 2024 China’s total annual imports were steady, roughly around 17 million tons per year. The increased US share of the total was at the expense of reduced supplies from the Middle East and Asia-Pacific. Further declines in China’s PE imports from the US are likely in 2025 because of new tariffs and expanding capacity in China.
Continue readingKorea Increased PE, PP, and Styrenic Polymer Exports in a Difficult Trade Environment in 2024 by Shifting Export Destinations; PVC and PET Shipments Contracted
Competition from China and depressed demand globally made 2024 a particularly challenging year.
In 2024 Korea exported 4.5 million tons of ethylene polymers (all grades), up 1%; 3.8 million tons of propylene polymers, up 9%; 1.9 million tons of styrenic polymers, up 4%; 0.7 million tons of PVC, down 7%; and 0.8 million tons of PET, down 4%.
Continue readingAsia-Pacific’s PE, PP, PS, and PVC Trade in 2024: Key Trends, Challenges, and Regional Shifts
The Asia-Pacific region exported sizable volumes of polypropylene, propylene copolymers (PRC), polystyrene, and uncompounded PVC (PVCU) in 2024. Export trends for polyethylene grades were mixed, polypropylene surged on new capacity, styrenic exports were relatively flat, PVC shipments dropped.
With a major impact on global trends, Asia-Pacific continued as the world’s largest regional importer of all grades of polyethylene, but fell to second place for polypropylene and PRC, after Eastern Europe. Import demand in the larger Asia-Pacific markets – China, India, Vietnam, Indonesia – varied by polymer, declining in some, others showing impressive growth.
Continue readingSaudi Arabia and UAE Exports of Polypropylene in 2024 Hit by China’s Aggressive PP Export Expansion Globally
Saudi Arabia exported 4.4 million tons of polypropylene (all grades, partly estimated) in 2024, down 14%. The UAE shipped 1.7 million tons, down 7%. (UAE does not publish statistics; data is visible from trading partners). Shipments to Asia-Pacific were the most impacted.
Continue readingSaudi Arabia and UAE Expand Polyethylene Exports in 2024 Despite Trade Challenges
Saudi Arabia exported 10.6 million tons of polyethylene (all grades, partly estimated) in 2024, up 2% from 2023. The UAE shipped 3.8 million tons, up 11%. (UAE does not publish statistics; data is visible from trading partners). Key to the expansions were regional shifts.
Continue readingBrazil was a Commodity Polymer Import Powerhouse in 2024
Imports of nearly all grades of polyethylene, polypropylene, styrenic polymers, PVC and PET were up sharply versus 2023, many grades setting new records. Brazil’s imports of fabricated plastic products also surged to new highs.
Continue readingLatin America’s PE, PP, PS and PVC Trade in 2024: Key Trends, Challenges, and Regional Shifts
Latin America’s trade in commodity polymers in 2024 was characterized by sizable exports of HDPE, polypropylene homopolymer (PP), and uncompounded PVC (PVCU). Latin America was a growth import market for each of the commodity polymers, noting especially both large volumes and large percentage increases on linear/ethylene-alpha-olefin-copolymers (LL/EAOC), HDPE, PP, and PVCU.
Continue readingUS Plastic Product Imports Most Likely to be Impacted by the 10% Tariff on China
On February 4, 2025, the US imposed a 10% tariff on imports of all products from China, which included polymers and fabricated plastic products. US imports of polymers from China are small but there are large imports of fabricated plastic products. China countered with tariffs on imports from US of LNG and other products, but not on the large volumes of polymer shipped to China from the US.
Continue readingLNG Trade Between the US and China: Tariffs, US Export Markets, China’s Import Sources
As of February 4th, 2025, the US imposed a 10% tariff on all imports from China. Part of China’s response was to levy a 15% tariff on LNG imports from the US, to go into effect February 10th. In 2024, China reported 4.3 million tons of LNG imports from US; the US reported 6.0 million tons of exports to China, a difference of 1.7 million tons.
Continue reading