The latest data from Chemorbis shed light on the evolving landscape of polymer imports in the EU27. Despite challenges such as high inflation and geopolitical tensions, 2023 witnessed intriguing shifts in import volumes, with notable records and fluctuations across various polymer types. Key takeaways from the report include:
📉 Overall polymer imports in 2023 decreased by 9% compared to the previous year, marking the lowest volume since 2020, largely influenced by demand collapse and geopolitical uncertainties.
🔄 While PP imports fell by 11% and PE imports dropped by 14%, PVC and PS imports hit record highs, showcasing dynamic trends within the market.
🇺🇸 The US solidified its position as a significant player in Europe’s PE market, with exports hitting fresh records, indicating a shifting landscape in supplier dynamics.
💼 The European Commission’s investigation into PVC imports from Egypt and the USA highlights the complexities within the market, with potential repercussions for trade flows and competition.
📈 PET bottle imports continued to grow, reaching an all-time high, while PS imports also hit record levels, with Europe importing 80% of ABS from Asia.
These insights underscore the importance of staying informed and adaptable in the ever-changing polymer industry. As professionals in this field, let’s continue to navigate these dynamics with agility and insight!
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Source: Chemorbis
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