HANOVER, Germany—Russia's war on Ukraine has led to an exponential increase in carbon black exports from China to Europe, according to Paul Ita, principle at Notch Consulting Group.
European imports of Chinese carbon black increased from less than 400 metric tons in January to more than 11,000 metric tons in March, according to Ita, citing data from Global Trade Atlas.
The sharp increase is linked to European Union sanctions on Russia, which supplies more than 32 percent of Europe's carbon black demand, as well as continued logistics challenges faced by the industry.
"Europe's carbon black supply chain is under unprecedented pressure due to the war; logistics were challenging before the war, now they are in chaos," said Ita in a presentation at the recent Tire Technology Expo in Hanover.
The situation, said the Notch analyst, is changing on a daily basis with suppliers and customers improvising solutions "on the fly."