Tag Archives: PET

The Rise and Fall of Global Paraxylene Trade

New para-xylene capacity in China and also in the Middle East and the rationalization of uncompetitive production in the US and Western Europe have massively changed global trade flows.

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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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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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Vietnam 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.

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China’s Commodity Polymer Trade February 2023 YTD

China’s imports through February 2023 of polyethylene, China’s largest commodity polymer import, showed no change versus February 2022 YTD. Imports of polypropylene posted a moderate increase. On the export side, however, China shipped substantially more of each major commodity polymer than in the same period in 2022.

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Trends in China’s Trade in Commodity Polymers in 2022

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.

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China Commodity Polymer Trade April 2022 Reflected Continued Weak Economic Activity From Covid Lockdowns

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.

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