Analysis of MDI imports in Southeast Asia in April 2022

Southeast Asian countries’ demand for PMDI and MMDI products is mainly concentrated in downstream fields such as automobiles, home appliances, construction and shoes and clothing. Due to the lack of MDI production equipment, the MDI needed in this region mainly depends on imports, and China, Japan and South Korea are the main sources of imports.

PMDI

In April 2022, Southeast Asian countries will import from Chinese, Japanese and Korean manufacturers16,896tonsPMDI, a decrease of 3.4% compared to the same month in 2021. In Southeast Asian countries, PMDI consumption tops444names are Vietnam , Thailand, Malaysia and Indonesia. Among them, among the major PMDI consuming countries, only Vietnam’s PMDI consumption increased year-on-year in April last year, with an increase of 2%3.3%.

Imported from VietnamPMDI is mainly used in the production of home appliances and building materials, and its PMDI import volume is relatively The increase over the same period last year was mainly attributable to the increase in industrial production and exports. In April 2022, Vietnam’s industrial production index increased by 9.4% year-on-year; in April 2022, Vietnam’s exports reached US$33.26 billion, a year-on-year increase of 25%.

Table1. Comparison of PMDI import volume in Southeast Asia in April 2022 and 2021 (unit: tons, %)

Generally speaking,In April 2022, Southeast Asia will share with China, Japan and South Korea 16,896 tons of PMDI and 6,292 tons of MMDI were imported. Exporters are mainly from China, followed by Japanese and Korean manufacturers. The import volume of PMDI in Southeast Asia is the same asBetter than2021 Decrease, mainly for just-needed replenishment, and benefited from Southeast Asia, especially Vietnam The increase in the export trade of the footwear and textile industry to the European and American markets has driven the local MMDI import volume year-on-year There is a significant increase.

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6,292

4,956

27.0%

Generally speaking,In April 2022, Southeast Asia will share with China, Japan and South Korea 16,896 tons of PMDI and 6,292 tons of MMDI were imported. Exporters are mainly from China, followed by Japanese and Korean manufacturers. The import volume of PMDI in Southeast Asia is the same asBetter than2021 Decrease, mainly for just-needed replenishment, and benefited from Southeast Asia, especially Vietnam The increase in the export trade of the footwear and textile industry to the European and American markets has driven the local MMDI import volume year-on-year There is a significant increase.