Whitepaper from PIERS and InformEx Provides New Insight into U.S. Chemical Export Trends
Published:20 May 2015 01:05:39 PST
PIERS has partnered with InformEx, the premier global chemical marketplace, to launch a new report that examines top markets for U.S. chemical exports based on the volume of waterborne shipments between 2007 and 2012.
Market Opportunities for U.S. Chemical Exports: An Examination of Growth Across Major Markets, looks at the top geographic markets for exports classified under the U.S. Harmonized Tariff Schedule’s chapters 28 and 29, which include various organic and inorganic chemicals, as well as certain precious and rare-earth metals. The report provides a macro-assessment of selected commodities that have shown significant growth in the five years leading to 2012 and are traded in relatively high volume. Findings provide valuable high-level market data to chemical manufacturers, distributors, end users, and those servicing the chemical supply chain.
“The global chemical market is in a constant state of change, and companies who are involved in the chemical supply chain need to be acutely aware of the issues affecting demand for their materials,” said Nancy Largay, InformEx brand director. “By combining the InformEx platform with the unrivaled U.S. trade intelligence of PIERS, we’re providing business knowledge that can drive decision-making for the top players in the chemical industry.”
Here are some of the report’s key findings for U.S. exports during the period between 2007 and 2012:
Nucleic acids (HS Code 2934) to Brazil grew 405%
Halogenated derivatives of hydrocarbons (HS Code 2903) to China grew 246%
Titanium oxides (HS Code 2823) to India grew 513.9%
Amine-function compounds (HS Code 2921) to South Korea grew 368%
Cyclic hydrocarbons (HS Code 2902) to Belgium grew 114.6%
Carboxylic acids (HS Code 2918) to the Netherlands grew 334.6%
“For over 35 years, PIERS has been a trusted provider of valuable intelligence to the chemical industry,” said Wael Jarous, Senior Vice President of PIERS – JOC Group Inc. “Many of the biggest names in this sector are investing in our solutions based on our commitment to deliver reliable, decision-ready intelligence. We accomplish this by marrying our client’s business knowledge with our expertise in data processing and optimization; the end result is a powerful customized solution that empowers and supports strategic decision making. InformEx provides us with a great forum to develop these partnerships even further, and for that reason I’m pleased to continue our close relationship.”
Download your complimentary copy of “Market Opportunities for U.S. Chemical Exports: An Examination of Growth Across Major Markets,” for intelligence on what markets and commodities are growing fastest for U.S. chemical exports.