US IPA exports fall 20% in 2008

11 February 2009 21:29  [Source: ICIS news]

HOUSTON (ICIS news)--US exports of isopropanol (IPA) in 2008 fell by 20% from the total exported in 2007, according to US International Trade Commission (ITC) data released on Wednesday.

The ITC reported 306,149 tonnes shipped from the US in 2008, versus 382,886 tonnes exported in 2007, due largely to a weakening global economy beginning in the latter half of last year. The top destinations were Belgium, China and Mexico, which took 47% of total exports last year.

Month over month, December exports fell by 28%, with volumes to Belgium dropping significantly to 2,479 tonnes from 10,079 tonnes in November.

US imports were also down year over year by 13% in 2008. China reduced its import volume to 82 tonnes in 2008 versus 487 tonnes in 2007.

US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.

For more on IPA, visit ICIS chemical intelligence
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By: Larry Terry
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