EU's soda ash imports in November 2012 down by 45%

22 February 2013 15:52  [Source: ICIS news]

LONDON (ICIS)--The EU imported 45% less soda ash from the rest of the world in November 2012 than in the same month a year earlier, statistics data by Eurostat showed on Friday.

This is because Europe's major trading partner, the US, has turned its attention to Asian countries where demand is better and prices are more attractive, sources in Europe said.

Compared with October 2012, imports in November dropped by 16%.

In total, the EU imported 1.26m tonnes of soda ash in 2011 from the rest of the world. From January to November 2012, 922,859 tonnes were imported. Data for December is not yet available (see table).

"Imports are down because the Americans [US] exported less to the EU," a major European producer said, citing a number of reasons.

"The exchange rate is unfavourable, the EU market is long and buyers in Europe turned to local suppliers to reduce lead times," the producer added.

Soda ash imports (units: tonnes)

Source: Eurostat

Total imports

Imports from US

 

 

 

Oct. 2011

83314

17951

Nov. 2011

119181

53094

Jan.-Dec. 2011

1260905

399537

Oct. 2012

78098

17590

Nov. 2012

65274

19020

 

 

 

Jan. to Nov. 2012

922859

301243

November change year on year

-45

 -65%

November change month on month

-16

 +8%


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By: Janos Gal
+44 208 652 3214



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