Epoxy curing agent Market In the first quarter, TDI exports achieved another success, and the demand in Eastern Europe, Africa and Central Asia increased significantly

In the first quarter, TDI exports achieved another success, and the demand in Eastern Europe, Africa and Central Asia increased significantly

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According to customs statistics:In March 2023, the export of toluene diisocyanate (TDI) was 35,017 tons, an increase of 12.62% over the same period last year.

Figure1 2022-2023 year1-12Month ChinaTDIExport statistics (unit: tons)

2023year1 -3Month, China ExportTDITotal10,4866tons, year-on-year1quarterly growth 21.45%.

In terms of export regions, they are from Africa and Eastern Europe The increase in Central Asia is the main reason for the significant year-on-year growth:

2023year1-3In January, Africa surpassed ASEAN and became ChinaTDIThe number one export destination, with a year-on-year growth of 55.16%. The ASEAN region retreated to the second place, and the Latin American region maintained the third place, but the average year-on-year growth rate was still small. Imports from Central Asia also reached13,058 tons, ranking fourth, an increase of 75.10%. In addition, Eastern Europe2023year 1Quarterly imported from ChinaTDIreach11,940tons, a year-on-year increase of 145.48%,

table1 2022and2023year1~3Month ChinaTDIExport Destination Statistics (Unit: Ton)

export destination

Export volume from January to March 2023

Export volume from January to March 2022

YoY change

Africa

26,449

17,046

55.16%

ASEAN

20,043

19,888

0.78%

Latin America

14,600

14,467

0.92%

Central Asia

4,743

-26.69%

Japan

2,857

913

212.98%

Other areas of the Pacific Basin

2,412

4,581

-47.35%

New Zealand and Australia

1,976

2,056

-3.89%

Western Europe

219

3,057

-92.82%

Based on the export situation in the first quarter, it is expected that China’s TDI exports will continue to maintain good development in 2023, and the annual export volume is expected to hit a record high.

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Western Europe

219

3,057

-92.82%

Based on the export situation in the first quarter, it is expected that China’s TDI exports will continue to maintain good development in 2023, and the annual export volume is expected to hit a record high.

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