ASEAN: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in ASEAN

The ASEAN market for cellular plates, sheets and films of polyymers of styrene totaled $X in 2022, stabilizing at the previous year. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in ASEAN

In value terms, production of cellular plates, sheets and films of polyymers of styrene reached $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.9% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 36%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports in ASEAN

In 2022, exports of cellular plates, sheets and films of polyymers of styrene in ASEAN contracted to X tons, which is down by -8.7% compared with 2021 figures. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.5% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 40% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Malaysia was the key exporting country with an export of around X tons, which accounted for 53% of total exports. Vietnam (X tons) took the second position in the ranking, distantly followed by Thailand (X tons) and Singapore (X tons). All these countries together took approx. 46% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polystyrene cellular plates, sheets and films exports from Malaysia stood at +3.2%. At the same time, Vietnam (+11.1%), Thailand (+6.9%) and Singapore (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +11.1% from 2012-2022. From 2012 to 2022, the share of Vietnam, Thailand and Malaysia increased by +12, +4.7 and +4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 86% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of +13.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, waning by -4.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 30%. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports in ASEAN

In 2022, purchases abroad of cellular plates, sheets and films of polyymers of styrene decreased by -16.5% to X tons, falling for the fourth consecutive year after seven years of growth. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 50% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene fell to $X in 2022. In general, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 47% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) represented the major importer of cellular plates, sheets and films of polyymers of styrene, comprising 40% of total imports. It was distantly followed by Indonesia (X tons), Singapore (X tons), Myanmar (X tons), Thailand (X tons), Malaysia (X tons) and the Philippines (X tons), together constituting a 57% share of total imports.

Vietnam was also the fastest-growing in terms of the cellular plates, sheets and films of polyymers of styrene imports, with a CAGR of +38.1% from 2012 to 2022. At the same time, Indonesia (+18.7%), Malaysia (+6.3%), Thailand (+2.3%), Singapore (+2.2%) and Myanmar (+1.2%) displayed positive paces of growth. The Philippines experienced a relatively flat trend pattern. Vietnam (+36 p.p.) and Indonesia (+7.6 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Thailand, the Philippines, Myanmar and Singapore saw its share reduced by -1.6%, -6.5%, -8.1%, -9.3% and -9.6% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported cellular plates, sheets and films of polyymers of styrene in ASEAN, comprising 40% of total imports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total imports. It was followed by Malaysia, with an 11% share.

In Vietnam, imports of cellular plates, sheets and films of polyymers of styrene increased at an average annual rate of +35.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+15.2% per year) and Malaysia (+4.3% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, with an increase of 10% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 30% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+16.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform