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The global market for expansible polystyrene in primary forms is expected to see continued growth over the next seven years, with a forecasted increase in market volume to 12M tons and market value to $22.4B by 2030.
In 2021, Expansible Polystyrene exports reached a peak of 153K tons. However, in the following years, exports slightly decreased. The value of Expansible Polystyrene exports dropped to $213M in 2023.
Imports of Expansible Polystyrene peaked at 280K tons in 2021 but decreased to a lower figure from 2022 to 2023. In terms of value, imports dropped significantly to $480M in 2023.
Throughout 2022 to 2023, Expansible Polystyrene exports experienced a decline, with exports dropping significantly to $132M in 2023.
Expansible Polystyrene exports reached a peak of 153K tons in 2021 before decreasing slightly in 2022 to 2023. In terms of value, exports of Expansible Polystyrene dropped to $213M in 2023.
From 2017 to 2023, the growth of Expansible Polystyrene imports remained at a somewhat lower figure. In value terms, Expansible Polystyrene imports fell markedly to $3.1M in 2023.
Exports of Expansible Polystyrene peaked at 108K tons before experiencing a significant decline the following year. In terms of value, exports of Expansible Polystyrene dropped to $38M in 2023.
Expansible Polystyrene imports reached a peak of 280K tons in 2021, but failed to regain momentum in 2022-2023. During this period, the value of Expansible Polystyrene imports dropped significantly to $480M in 2023.
In January 2023, the pace of growth for Expansible Polystyrene imports was the most pronounced, increasing by 41% compared to the previous month. The value of Expansible Polystyrene imports significantly decreased to $27M in December 2023.
The growth of Expansible Polystyrene was exceptionally rapid in November 2022, with a month-on-month increase of 26%. In terms of value, imports of Expansible Polystyrene surged to $6M in September 2023.
In October 2022, there was a remarkable rate of growth as imports of Expansible Polystyrene increased by 133% month-on-month. However, in July 2023, the value of Expansible Polystyrene imports declined to $1.6M.
In July 2023, the price of Expansible Polystyrene was $1,406 per ton (FOB, Turkey), showing a decrease of -3.3% compared to the previous month.
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