Chinese Isocyanate Exports Skyrocket Due to Booming Demand from Brazil, Russia and Peru
Sep 10, 2021
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China strengthens its leadership in global isocyanate exports. In 2020, Chinese supplies abroad grew by +20.4% y-o-y to $716M with rising purchases from Brazil, Russia, Peru, Vietnam and India. In physical terms, Chinese exports rose by +38% y-o-y to 376K tons. Brazil, Vietnam and Taiwan constitute the largest importers of isocyanates from China. Among the leading importing countries, Brazil featured the highest spike in purchases of Chinese isocyanates, boosting the imports by $45M. The average export price for isocyanates from China decreased by -13% y-o-y to $1,905 per ton in 2020.