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polyethylene
polyethyleneHDPE imports in 2020 were 9.
1 million tons, up 14% from the previous year; LLDPE, 6.
7 million tons, up 17%; LDPE, 3.
4 million tons, down 1%; EVA, 1 million tons, down 3%
.
HDPE imports in 2020 were 9.
Supply from the Middle East rose by only 1% to 9.
2 million tonnes, despite a substantial increase in total imports from China
.
Supply from the Middle East rose by only 1% to 9.
Supply from Asia Pacific was 8.
polypropylene
In 2020, China's polypropylene imports increased by 25% to 6.
8 million tons
.
Imports from Asia Pacific were 4.
9 million tonnes, up 24%; imports from the Middle East were 1.
4 million tonnes, up 26%, and all other regions
.
Imports from Asia Pacific were 4.
China's largest and fastest-growing import sources include South Korea, Taiwan, UAE, Saudi Arabia, Thailand, India, Japan, and Malaysia
.
Imports were slow in the first quarter due to the pandemic coupled with the Chinese New Year, but peaked at a record 850,000 tonnes in June as the outbreak was more contained and demand for PP-produced products increased at home and abroad
.
Given that imports have traditionally been strong every year since at least December 2016, import volumes have been strong every year since December as buyers go before each Lunar New Year (12 February 2021) Increased production
.
Rising freight rates, container shortages and slowing demand may be factors to consider
.