Analysis of import and export data of dioctyl phthalate （DOP） in 2022

In 2022, the import volume of DOP will decline significantly, but the import volume in April and July is relatively sufficient, but it is only 1400-1500 tons. China's DOP import volume will fall precipitously in 2022.

Compared with China's DOP import data over the years, since 2016, the import volume has shown a downward trend year by year, with a new low in 2022. In 2022, the import of DOP was only 5400 tons, a decrease of 85.8% compared with 2021. From 2020 to 2022, the import volume in the three years is generally at a low level, and the main factor leading to the decline of import volume is the prominent problem of surplus. The domestic DOP supply has been surplus, and the consumption capacity of imported goods sources has continued to decline. In the past three years, the DOP price has been running high, and the arbitrage space of imported and exported goods sources is really limited, so the enthusiasm of the operators for the operation of imported goods has declined.

As shown in the figure above, according to the statistics of DOP monthly export data from 2021 to 2022, the export volume increased significantly in 2022, and the export volume in the second half of the year basically maintained a relatively high level, of which the export volume in November was close to 7000 tons, basically refreshing the new monthly export peak.

In 2022, China's total export of DOP reached 55200 tons, a new high. Since 2019, China's DOP exports have increased significantly. Under the situation of prominent overcapacity contradiction, the export of overcapacity has become the main development goal. The situation of the terminal industry is insufficient, and the DOP needs to be maintained basically. The problem of overcapacity of the DOP industry itself is prominent. Although the annual construction is basically at the level of 5-60%, the supply still exceeds the demand. It is expected that the import volume will decline and the export volume will increase in the later stage.