Q1 2023 US plastic scrap imports rebound from Q4, exports reverse trend

Source: https://www.icis.com/explore/resources/news/2023/06/09/10894905/q1-2023-us-plastic-scrap-imports-rebound-from-q4-exports-reverse-trend/

Author: Emily Friedman

HOUSTON (ICIS)–Despite the global softening demand environment for recycled plastic resins, Q1 2023 US plastic scrap trade data shows increased import and export volumes in comparison to the lull seen in Q4 2022.

  • US plastic scrap exports uncharacteristically increase, driven by grades of polyethylene (PE)

  • US plastic scrap imports rebound marginally

  • Canada and Mexico continue to be strong trade partners

In light of the consistent downward trend in plastic scrap exports over the last 10 quarters, Q1 trade data from the US Census Bureau – noted by the HS code 3915 – shows a reversal of trend with a 10% increase in volume quarter on quarter.