Europe March acetic acid imports down by 23% year on year

18 June 2013 11:02  [Source: ICIS news]

LONDON (ICIS)--March acetic acid imports into the EU were down by 23% year on year from March 2012, data from European statistics agency Eurostat showed on Tuesday.

March 2013 imports amounted to 52,240 tonnes, compared with 68,014 tonnes in March 2012.

Eurostat import/export data is subject to revision as more detailed information becomes available.

The EU operates a 1m tonne/year duty-free import quota for acetic acid, with imports from most countries being liable to a tariff of 5.5% once the quota has been exceeded. A new quota came into effect on 1 January 2013.

According to the European Commission's Taxation and Customs Union website, 233,476 tonnes of the 2012 quota remained unfilled at the end of the year.

By: Samuel Weatherlake
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly