February EU SAN imports rise 46% year on year: Eurostat

22 April 2014 11:47 Source:ICIS News

LONDON (ICIS)--Year-on-year imports of styrene acrylonitrile (SAN) into the EU rose 46% in February 2014 according to data from statistics agency Eurostat released on Tuesday.

SAN imports rose to 2,734 tonnes in February 2014, from 1,872 tonne for the same period last year.

Exports dropped 19% year on year from 800 tonnes to 651 tonnes.

South Korean material is widely available in Europe, with some European buyers preferring to purchase cheaper South Korean product due to the 0% import duty payable on South Korean SAN as part of the Free Trade Agreement the country has with the EU.

EU SAN imports and exports February 2013 vs. February 2014 (Eurostat, tonnes)

EU SAN import and export data by Eurostat (units: tonnes)

 

Import

Export

February 2013

1,872

800

February 2014

2,734

651

Change year on year (%)

46

-19

Eurostat import/export data is subject to revision as more detailed information becomes available. EU figures comprise the aggregate of member states data published by Eurostat

By Matt Tudball