For the second year in a row, imports of commodity polymers into China were down and exports of most commodity polymers were up, the result of weak demand due to Covid lockdowns. The year ended with commodity polymer imports totaling 25 million tons, down 9% from 2021. This followed a 19% drop in 2021 versus 2020. Commodity polymer exports were 10.8 million tons in 2022, up 22%. This followed a 74% jump in 2021 versus 2020.Continue reading
China’s exports of both polymers soared in 2021 and are projected still higher in 2022. Much higher shipments to Russia and Turkey, and for PVC, also India, factored in the gains.Continue reading
Polymer imports in April were almost as low as during Chinese New Year; exports of PVC hit a new high and shipments of PET also remained high; exports of fabricated plastic products continued slow.Continue reading
Imports of ABS and PET through first quarter 2022 were roughly 50% higher than during first quarter 2021.Continue reading
After nearly a year of low volumes, China’s imports of virgin commodity polymers posted a small increase in March. Exports of PVC and PET exports surged. Shipments of fabricated plastic products rebounded modestly after the Chinese New Year slowdown. These flows were likely impacted by Covid-related lockdowns, the effects of which on demand and production are expected to continue for some months to come.Continue reading
Reflecting both new domestic capacity and weaker domestic demand, imports in February 2022 continued depressed and, unlike prior years, did not show the surge typically seen in the month prior to the national holiday. Exports surged in December, then slowed in January and February.Continue reading
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 reading
The war in Ukraine, and with it sanctions and broken supply chains, will likely impact both exports from and imports into Russia of many products.Continue reading
Ukraine exports sizable volumes of benzene, caustic soda, propylene monomer and PVC, and, imports polyethylene, polypropylene, liquefied propane and butane gas and PET.
Ukraine’s top export markets include Italy, Poland, Turkey, Czech Rep., Russia and Spain, among others. Russia is Ukraine’s top import source for LDPE, polypropylene, methanol and liquefied propane and butane gas.
This table shows Ukraine’s total exports and imports in 2021 and top trading partners for each:
From International Trader Publications’ World Trade Analyses, continuously updated analysis of trade between countries and regions for each product.Continue reading
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 reading