Strong growth in exports of polypropylene out of the Middle East, and, in 2021 and 2022, also out of Asia-Pacific, were prominent trends in a comparison of regional exports from 2018 through 2022. Imports were mixed but generally increased into Western Europe, Eastern Europe, Africa and Latin America over the period.
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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.
Continue readingITP Projects China’s Imports of Polyolefins Down Substantially in 2022; Smaller Volume Exports are Projected Up, Especially for Polyethylene.
Weak demand in China as a result of stringent Covid restrictions was reflected in lower imports of polyolefins into China, and higher exports out of China, in each of the last two years.
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 readingUkraine’s Exports Remained Depressed Through May, 2022, but Imports of Key Chemical Products Picked Up.
The start of the war in February, 2022, severely impacted Ukraine’s trade in chemical and other products. While export volumes remained depressed, imports of many products into Ukraine picked up in May, although not to pre-war levels.
Continue readingImports of Polypropylene into both Western Europe and Eastern Europe Plummeted in April 2022. YTD, Western Europe’s Imports were up; Eastern Europe’s Fell.
Two months into the war in Ukraine, import statistics for Western and Eastern Europe show different trends in imports from Russia on a YTD basis. Monthly import figures, however, show a sharp drop in April into both regions.
Continue readingPolypropylene Imports Into Europe Jump in March
March 2022 was the first full month of trade after the February invasion of Ukraine by Russia. Uncertainty created by the war apparently resulted in higher imports of polypropylene homopolymer into both Eastern Europe and Western Europe in March.
Continue readingRussia’s Exports of Polyolefins to Western and Eastern Europe
Russia exports more than twice as much ethylene and propylene polymers to other Eastern European countries than it does to Western Europe. Turkey and Poland are the top two destinations in Eastern Europe. Flows to Poland, other EU countries within Eastern Europe, and the Ukraine are most likely to be affected by the war in Ukraine.
Continue readingChina’s Imports and Exports of Commodity Polymers Dropped With the Start of Chinese New Year on February 1st, but Trends Differed From Prior Periods.
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 readingWestern Europe Exports to Russia More of Most Major Polymers than it Imports from Russia, with the Exception of Polypropylene.
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.
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