Asia: 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 Asia

The Asian market for cellular plates, sheets and films of polyymers of styrene was estimated at $X in 2022, rising by 1.5% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of cellular plates, sheets and films of polyymers of styrene totaled $X in 2022 estimated in export price. The total production indicated tangible growth 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, production decreased by -20.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in Asia

In 2022, exports of cellular plates, sheets and films of polyymers of styrene in Asia amounted to X tons, remaining constant against 2021 figures. The total export volume increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when exports increased by 11%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +75.8% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) and Turkey (X tons) represented the main exporters of cellular plates, sheets and films of polyymers of styrene in Asia, together finishing at near 70% of total exports. It was distantly followed by Malaysia (X tons) and Kuwait (X tons), together creating a 9.9% share of total exports. Palestine (X tons), South Korea (X tons), Vietnam (X tons), Saudi Arabia (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +360.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest polystyrene cellular plates, sheets and films supplier in Asia, comprising 56% of total exports. The second position in the ranking was held by Turkey ($X), with a 15% share of total exports. It was followed by Palestine, with a 4.3% share.

In China, exports of cellular plates, sheets and films of polyymers of styrene increased at an average annual rate of +10.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+11.8% per year) and Palestine (+34.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, picking up by 18% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.8%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2022, overseas purchases of cellular plates, sheets and films of polyymers of styrene decreased by -5% to X tons, falling for the third year in a row after two years of growth. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 38%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene contracted modestly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 26% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Iraq (X tons) and Vietnam (X tons) represented roughly 33% of total imports in 2022. Kazakhstan (X tons) took a 7.1% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (6%), Cyprus (5.6%), Saudi Arabia (4.9%) and Indonesia (4.5%). Singapore (X tons), India (X tons), Myanmar (X tons), Thailand (X tons), Malaysia (X tons) and the Philippines (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported cellular plates, sheets and films of polyymers of styrene in Asia, comprising 18% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 6.8% share of total imports. It was followed by Cyprus, with a 6.7% share.

In Vietnam, imports of cellular plates, sheets and films of polyymers of styrene expanded at an average annual rate of +35.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+9.4% per year) and Cyprus (+17.6% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, rising by 3.6% against the previous year. In general, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2021 when the import price increased by 22%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Iraq ($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 more modest paces of growth.

Source: IndexBox Platform

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