US EPS imports fall 10% in January year on year

13 March 2009 22:14  [Source: ICIS news]

HOUSTON (ICIS news)--US expandable polystyrene (EPS) imports were down by 10% in January compared with the same figures of 2008, according to the US International Trade Commission (ITC) import statistics released on Friday.

In January, the US imported 15,469 tonnes of EPS, down 11.7% from 17,516 tonnes imported in December of 2008.

Price parity of offshore imports with domestic product and sagging EPS domestic demand has discouraged imports of any origin.

Imports from Mexico fell substantially to 980 tonnes in January. The figure contrasts with 4,581 tonnes recorded in December and 6,770 tonnes imported in January 2008.

China, The Bahamas, Canada and Korea were the top suppliers to the US in January. China had a significant increase relative to the prior month and the prior year.

Import volumes from Korea and Taiwan also posted increases in January. The only other significant supplier in January was Canada with 2,191 tonnes in January, up 25.5% from 1,746 tonnes supplied in December 2008.

The table below shows a summary of EPS import statistics through January 2009 and their variation compared with the previous month and the previous year.

 

Jan-08

Dec-08

Jan-09

Jan-Jan 2008

Jan-Jan 2009

Total

17,147

17,516

15,469

17,147

15,469

China

1,568

1,847

3,946

1,568

3,946

Bahamas

4,299

5,924

3,923

4,299

3,923

Canada

1,163

1,746

2,191

1,163

2,191

Korea

1,965

1,539

1,846

1,965

1,846

Taiwan

1,122

1,226

1,774

1,122

1,774

Mexico

6,770

4,581

980

6,770

980

Indonesia

100

478

763

100

763

Germany

20

120

19

20

19

Thailand

0

0

17

0

17

Japan

115

57

10

115

10

All others

26

0

0

26

0

Source: USITC. Import volumes are expressed in metric tonnes.

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By: George Martin
+1 713 525 2653



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