China - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPolystyrene Prices in China
China Polystyrene Import Price in September 2022
In September 2022, the polystyrene price amounted to $1,237 per ton (CIF, China), falling by -5.5% against the previous month. Over the period under review, the import price saw a mild decrease. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 3.9% against the previous month. As a result, import price attained the peak level of $1,395 per ton. From June 2022 to September 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($1,422 per ton), while the price for Indonesia ($854 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.2%), while the prices for the other major suppliers experienced a decline.
China Polystyrene Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In September 2022, the product with the highest price was expansible polystyrene in primary forms ($2,551 per ton), while the price for polystyrene in primary forms (excluding expansible polystyrene) stood at $1,218 per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by expansible polystyrene (-1.2%).
China Polystyrene Imports
In September 2022, approximately 84K tons of polystyrene were imported into China; growing by 12% compared with August 2022 figures. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when imports increased by 44% against the previous month. As a result, imports reached the peak of 91K tons. From April 2022 to September 2022, the growth of imports remained at a lower figure.
In value terms, polystyrene imports expanded significantly to $104M (IndexBox estimates) in September 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when imports increased by 45% month-to-month. As a result, imports reached the peak of $118M. From April 2022 to September 2022, the growth of imports failed to regain momentum.
China Polystyrene Imports by Type
In September 2022, polystyrene in primary forms (excluding expansible polystyrene) (83K tons) was the main type of polystyrene supplied to China, accounting for a 99% share of total imports. It was followed by expansible polystyrene in primary forms (1.2K tons), with a 1.4% share of total imports.
From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of import of polystyrene in primary forms (excluding expansible polystyrene) was relatively modest.
In value terms, polystyrene in primary forms (excluding expansible polystyrene) ($101M) constituted the largest type of polystyrene supplied to China, comprising 97% of total imports. The second position in the ranking was taken by expansible polystyrene in primary forms ($3M), with a 2.9% share of total imports.
China Polystyrene Imports by Country
Hong Kong SAR (22K tons), Malaysia (16K tons) and Taiwan (Chinese) (13K tons) were the main suppliers of polystyrene imports to China, together comprising 61% of total imports. These countries were followed by Russia, South Korea, Japan, Indonesia and Thailand, which together accounted for a further 35%.
From January 2022 to September 2022, the biggest increases were in Russia (with a CAGR of +121.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Hong Kong SAR ($28M), Taiwan (Chinese) ($18M) and Malaysia ($16M) were the largest polystyrene suppliers to China, together accounting for 60% of total imports. South Korea, Japan, Russia, Indonesia and Thailand lagged somewhat behind, together accounting for a further 34%.
Russia, with a CAGR of +101.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the polystyrene market in 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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