MOSCOW (MRC) -- Brazilian imports of plastic resins rose 26% to USD1.39bn in the first half of 2013 from USD1.10bn in the same period last year, said Bnamericas.
There was a sharp increase in imports of polyethylene from the US, reflecting the renewed competitiveness of US chemical exports as a result of the use of feedstocks from shale gas.
In the same period, Brazilian resin exports fell 15.9% to USD914mn from USD1.08bn.
Based on data from the ministry of trade, Abiplast said that 25% of Brazil's imports, the highest share, came from Nafta excluding Mexico, 18% came from the Mercosur trade bloc, 16% from non-Mercosur countries in Latin America, and 10% from the European Union.
Of Brazil's resin exports, 33% went to Mercosur, 25% to the rest of Latin America and 16% to the EU.
Imports of low-density polyethylene (LDPE) rose 48% to USD109mn, with 38% of the imports originating in Nafta excluding Mexico.
Linear low-density polyethylene imports (LLDPE) were up 25% at US$281mn, 43% from Nafta excluding Mexico, and high-density polyethylene (HDPE) imports rose 35% to USD239mn, 47% from Nafta excluding Mexico.
Polyvinyl chloride (PVC) imports increased 19% to USD306mn, while imports of polyethylene terephthalate (PET) increased 39% to USD120mn, 65% of which came from Asia.
Polypropylene (PP) imports rose 11.9% to US$234mn, with the European Union supplying 15% of imports. Brazil's imports of polystyrene (PS) increased 28% in the first half of the year to USD30.6mn. Expanded polystyrene (EPS) imports were up 53% at USD44.4mn.
As MRC wrote before, Brazilian manufacturers and others that import thermoplastic resins will likely slow their buying until new, lower tariffs go into effect on 1 October. Brazilian Minister of Finance Guido Mantega announced on 1 August that the government will not renew an import tariff increase on 100 products, including polyethylene grades such as HDPE, LDPE and LLDPE.
MRC