NEWARK, N.J. and HAMILTON, N.J., Oct. 28, 2013 /PRNewswire/ -- PIERS, which maintains the most comprehensive portfolio of data intelligence resources for U.S. waterborne trade activity in the world, 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. (Download the report here: http://content.piers.com/piers-us-chemical-exports-report-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 percent.
- Halogenated derivatives of hydrocarbons (HS Code 2903) to China grew 246 percent.
- Titanium oxides (HS Code 2823) to India grew 513.9 percent.
- Amine-function compounds (HS Code 2921) to South Korea grew 368 percent.
- Cyclic hydrocarbons (HS Code 2902) to Belgium grew 114.6 percent.
- Carboxylic acids (HS Code 2918) to the Netherlands grew 334.6 percent.
"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.
PIERS is the most comprehensive database of U.S. waterborne trade activity in the world, providing information services to thousands of subscribers globally. Launched more than 35 years ago, PIERS was the first venture in digital global trade intelligence and quickly became the industry standard for accuracy, reliability and insight. Its unique infrastructure and proprietary technology allow PIERS to not only publish import data, but also complete coverage of U.S. export transactional data. PIERS is a division of JOC Group Inc., and a sister company of The Journal of Commerce. For more information, visit www.piers.com.
About JOC Group Inc.
The JOC Group Inc. is the authoritative provider of business intelligence, data and events for trade, transportation and logistics professionals worldwide. Through its PIERS database and leading JOC coverage of transportation online, print and events, the JOC Group Inc. provides customers with critical insights, data-rich intelligence and tools to compete effectively in the global marketplace. For further information, please visit www.joc.com/group.
The JOC Group Inc. is part of the AXIO Data Group, owned by Electra Partners, an independent private equity fund manager with more than 30 years' experience in the mid-market. As of September 2012, the firm had funds under management valued at over $2 billion. The firm's flexible investment approach allows it to invest across a broad range of sectors and financial instruments including equity, senior equity, convertibles and mezzanine debt. For further information please visit www.axiogroup.net or www.electrapartners.com.
Produced by UBM Live, InformEx fosters the continuous advancement of the fine, specialty, and custom chemicals industry by providing networking tools, educational opportunities and community collaboration forums — all designed to accelerate growth in the changing chemical enterprise landscape. The annual InformEx event is the premier must-attend exposition for the chemical industry for the past 30 years, providing a platform for in-person networking and business development. Each year the event brings together an international mix of more than 3,500 fine and specialty chemicals professionals and hundreds of exhibitors. To learn more, visit www.informex.com. Registration is now open for InformEx 2014, being held Jan. 21-24 in Miami Beach, Florida.
SOURCE PIERS; InformEx