Northeast Asia demand to remain robust, European demand gaining strength

January 14, 2022

Northeast Asia is forecast to take in 40% of total global seaborne trade in 2022 – up about 1% from 2021. Import growth from the region is forecast at 7% in 2022 with imports rising from 43.7 MMt/y in 2021 to 46.6 MMt/y although that number may be higher depending on the rate of petrochemical demand growth in China.

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