Polyamides (PA) EU exports plummet while imports surge in January 2023, according to the latest data from Eurostat.
The EU27 saw a sharp decline in exports, which amounted to a total value of 21,047 metric tonnes. This indicates a staggering 50% decrease as compared to the same period last year.
In contrast, imports to the EU27 surged by almost 50%, with a total value of 30,359 metric tonnes.
Recent spikes in gas prices have likely led to decreased competitiveness for Europe’s products, resulting in lower exports and increased imports.
Lower exports and higher imports are currently exacerbating the oversupply in Europe, which is placing more pressure on prices.
PA6 and PA66 are two common types of polyamides. PA6, also known as nylon 6, is a polymer made from the monomer caprolactam, while PA66, also known as nylon 66, is made from the monomers hexamethylenediamine and adipic acid.