EU ABS exports drop 19% year on year in November - Eurostat

21 January 2014 15:14  [Source: ICIS news]

LONDON (ICIS)--Exports of acrylonitrile-butadiene-styrene (ABS) out of the EU dropped 19% year on year in November 2013, according to data from statistics agency Eurostat released on Tuesday.

EU exports of ABS stood at 9,820 tonnes in November 2012, but dropped to 7,941 tonnes in 2013.

According to data for November 2013, ABS imports into the EU were almost unchanged year on year. However, November 2013 imports were up 12% from the previous month.  

The majority of ABS imports into the EU are of Asian origin, with South Korean producers able to offer competitive prices due to the Free Trade Agreement between the EU and South Korea, which allows for lower import duty rates on South Korean ABS.

EU ABS imports and exports November 2012 vs November 2013 (Eurostat, tonnes)      


November 2012

November 2013

% change year on year

Imports

12,029

12,047

0.14

Exports

9,820

7,941

-19

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


By: Matt Tudball
+44 208 652 3214



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