Tag Archives: Korea

China’s Polymer Trade in April 2025: Record Exports, Low Imports, Huge Challenges Ahead

Following the traditional Chinese New Year slowdown in February, China’s exports of all the commodity polymers – PE, PP, PVC, Styrenics, and PET – rebounded to record levels in March and continued strong in April. Exports of fabricated products also were high. Imports were flat. Major headwinds are expected to impact exports in the coming months.

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China Exported Record Volumes of PE, PP, PS, PVC, and PET in March 2025. Shipments of Fabricated Plastic Products Also Surged. Imports Remained Low.

China’s exports of commodity polymers have surged each March in 2021 – 2025 following the Chinese New Year slowdown in February. March of 2025 was the highest volume ever recorded, new capacity and an uncertain trade environment adding to the strong growth trend from 2024.

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Korea 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%.

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Brazil 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.

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Advanced Look at Western Europe’s HDPE Polymer Imports

Although Eurostat statistics for polymers and other products are published three months after the trade month, an earlier view of import demand and the impact of shipping disruptions in the Red Sea can be obtained from trading partner export statistics.

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Trends in China’s Polyolefin Polymer Trade Through February 2924

Polyethylene polymer import and export volumes were higher versus February YTD 2023, but at depressed prices. Imports of polypropylene were down sharply; low-priced export volumes climbed.

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Trends in China’s Trade in Commodity Polymers in 2023

China’s imports of commodity polymers as a total of all grades of PE, PP, styrenics, PVC and PET, declined for the third year in a row, a loss of nearly 10 million tons of volume over the 2020-2023 period. Exports of the combined total climbed for the third year in a row, increasing by nearly 7 million tons. Shipments of manufactured products identifiable as plastic showed a small gain of 0.7 million tons in 2023, rising to 16.7 million tons.

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Trends in Global Trade in Polypropylene and Propylene Copolymers in 2023

The volume traded globally of both polymers fell for the second year in a row, primarily on trends in Western Europe and Asia-Pacific.

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PET and PTA Trends in Global Trade in 2023

The volume of global trade in both products is projected to be lower in 2023 than in 2022, with profound shifts in flows between regions.

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Trends in Propylene Copolymers Global Trade

Global trade in propylene copolymers was 10 million tons in 2022, down 3% from the prior year. ITP projects another decline of 3% in 2023, to 9.7 million tons.

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