EU February TEA imports decline 35% year on year: Eurostat

23 April 2014 12:46 Source:ICIS News

LONDON (ICIS)--EU imports of triethanolamine (TEA) fell 35% year on year in February, according to data released by statistics agency Eurostat this week.

Imports in February were 2,550 tonnes compared with 3,931 tonnes in the same month last year.

The fall was due to more limited imports from Russia, especially of lower quality TEA destined for the construction industry.

In addition, shutdowns in Asia and increased demand in the US limited imports from those regions.

Exports fell 47% over the same period, as Europe needed more product domestically.

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

 

Import

Export

February 2013

3,931

936

February 2014

2,550

492

Change year on year (%)

-35.1

-47.4

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 Rhian O'Connor