Hong Kong SAR, China - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIn 2023, Polystyrene Export Hits Lowest Point at $121M in Hong Kong
Hong Kong Polystyrene Exports
In 2023, overseas shipments of polystyrene decreased by -55% to 95K tons, falling for the third year in a row after three years of growth. Overall, exports faced a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 21%. The exports peaked at 497K tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
In value terms, polystyrene exports declined markedly to $121M (IndexBox estimates) in 2023. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 29%. The exports peaked at $928M in 2013; however, from 2014 to 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Polystyrene in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 885 | 646 | 315 | 280 | 288 | 366 | 351 | 348 | 446 | 275 | 113 |
| Others | 42.4 | 44.9 | 16.1 | 19.9 | 11.0 | 10.9 | 8.1 | 7.0 | 11.5 | 10.6 | 8.2 |
| Total | 928 | 691 | 332 | 300 | 299 | 377 | 359 | 355 | 458 | 285 | 121 |
Exports by Country
China (90K tons) was the main destination for polystyrene exports from Hong Kong, with a approx. 94% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of volume to China amounted to -15.4%.
In value terms, China ($113M) also remains the key foreign market for polystyrene exports from Hong Kong.
From 2013 to 2023, the average annual rate of growth in terms of value to China stood at -18.6%.
Exports by Type
Polystyrene in primary forms (excluding expansible polystyrene) (92K tons) was the largest type of polystyrene exported from Hong Kong, accounting for a 97% share of total exports. Moreover, polystyrene in primary forms (excluding expansible polystyrene) exceeded the volume of the second product type, expansible polystyrene in primary forms (3.3K tons), more than tenfold.
From 2013 to 2023, the average annual growth rate of the volume of polystyrene in primary forms (excluding expansible polystyrene) exports amounted to -15.1%.
In value terms, polystyrene in primary forms (excluding expansible polystyrene) ($114M) remains the largest type of polystyrene exported from Hong Kong, comprising 94% of total exports. The second position in the ranking was taken by expansible polystyrene in primary forms ($6.8M), with a 5.7% share of total exports.
From 2013 to 2023, the average annual growth rate of the value of polystyrene in primary forms (excluding expansible polystyrene) exports amounted to -18.6%.
Export Prices by Country
In 2023, the polystyrene price stood at $1,268 per ton (FOB, Hong Kong), reducing by -5.9% against the previous year. Overall, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 30% against the previous year. The export price peaked at $1,869 per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2013 to 2023, the rate of growth in terms of prices for China amounted to -3.9% per year.
This report provides an in-depth analysis of the polystyrene market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20162035 - Expansible polystyrene, in primary forms
- Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
