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 readingTrends in LDPE/LLDPE Global Trade
Global trade in LDPE/LLDPE was 22.3 million tons in 2022. LDPE/LLDPE accounted for 33% of the 68 million tons of all grades of ethylene polymers traded globally that year.
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 readingWidely Differing Trends in Ethylene and Propylene Monomer Global Trade 2016-2020
Global trade in ethylene and propylene monomer fluctuated over the five-year period, with a sharp downturn in 2020.
Continue readingChina’s Imports of Polymers, and, Exports of Fabricated Plastic Products Showed Relatively Small Declines in Q1 of 2020. Exports of PE and PP set new records in March.
Imports of commodity polymers totaled 6.8 million tons in the first quarter, down 5% from the same period, pre-Covid-19, in 2019. Exports of a basket of fabricated plastic products were down 3%, to 2.6 million tons.
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.
Continue readingHuge Increases in Western Europe’s Imports of Ethylene and Propylene in 2019 from North America, Latin America and Middle East
Imports of ethylene into Western Europe increased by over 200% in 2019 versus 2018, and imports of propylene jumped 70%, based on latest statistics from reporting countries.
Continue readingPhase I of the China – US Trade Agreement Includes Increased Imports into China of LNG, Liquefied Propane and Butane, Caustic Soda and Most Organic and Inorganic Chemicals
During the two-year period from January 1, 2020 through December 31, 2021, China has agreed to increase by $200 billion purchases from the United States of manufactured goods, agriculture, energy and services.
Continue readingChina’s Imports of Olefins from the United States
On August 23rd, 2018, China imposed a 25% duty on imports of ethylene, propylene and butadiene from the US. China imports relatively small volumes of propylene and butadiene from the US. Imports of ethylene, however, are sizable and volumes slowed in the fourth quarter, impacted by the duty.
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