BDO’s export volume doubled year-on-year in February!

According to customs statistics, from January to February 2023, not listed The export volume of glycol (including BDO) was 30,458 tons, with an export value of 53.604 million US dollars, an increase of 76.9% over the same period last year. Among them, the export volume in February was 11,996 tons, and the export value was 22.841 million US dollars, an increase of 112.8% compared with the same period last year.

Figure 1 Unlisted diols (including BDO) in China from 2022 to 2023 ) Monthly export statistics (unit: tons)

Specific to the region, from January to February 2023, unlisted binary The three regions with the largest export volume of alcohol (including BDO) are Italy, Vietnam and Germany, and unlisted diols (including BDO) exported to these three regions accounted for 44% of the total export volume from January to February , The export volume to the three regions increased by 322.7%, 428.4%, and 986.7% year-on-year respectively.

With the impact of inflation since the Russia-Ukraine conflict, the production costs of European chemical plants continue to Improve, promote manufacturers to seek alternatives to imported raw materials, while the economy continues to recover, boost the end consumption sector represented by the textile industry, and promote Vietnam, which occupies a large amount of spandex production capacity, and Italy, which has a strong competitiveness in the high-end textile industry, to continue to replenish PTMEG, Drive upstream BDO consumption. In addition, the depreciation of the RMB since mid-January has benefited export trade, coupled with the weak domestic BDO downstream demand, further promoting domestic cargo holders to turn their attention to overseas profit margins.

Table 1: Unlisted diols from January to February 2023 ( Including BDO) top ten export destinations, export volume and year-on-year growth rate

Turkey

1242.5

-77.7%

10

Thailand

1041.9

96.7%