Report Update Jan 1, 2025

Australia - Polystyrene, in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Polystyrene Market 2025

Polystyrene Market Size in Australia

The Australian polystyrene market reduced to $X in 2022, falling by -7.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. Polystyrene consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Polystyrene Exports

Exports from Australia

In 2022, approx. X tons of polystyrene were exported from Australia; which is down by -41.5% against the previous year. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2017 with an increase of 199%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank markedly in the following year.

In value terms, polystyrene exports shrank significantly to $X in 2022. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 277% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped notably in the following year.

Exports by Country

Malaysia (X tons) was the main destination for polystyrene exports from Australia, accounting for a 73% share of total exports. Moreover, polystyrene exports to Malaysia exceeded the volume sent to the second major destination, South Korea (X tons), eightfold. The third position in this ranking was taken by New Zealand (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to +129.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+26.4% per year) and New Zealand (-0.8% per year).

In value terms, Malaysia ($X), New Zealand ($X) and South Korea ($X) appeared to be the largest markets for polystyrene exported from Australia worldwide, with a combined 91% share of total exports.

Malaysia, with a CAGR of +86.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polystyrene export price stood at $X per ton in 2022, picking up by 8.7% against the previous year. In general, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 33% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polystyrene Imports

Imports into Australia

In 2022, after three years of growth, there was significant decline in supplies from abroad of polystyrene, when their volume decreased by -16.6% to X tons. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 201%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, polystyrene imports reduced modestly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 320%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

From 2012 to 2022, the average annual growth rate of volume from No country was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value from No country was relatively modest.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polystyrene in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, together accounting for 38% of global consumption.

What are the largest producers of polystyrene in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 35% share of global production.

What are the leading suppliers of polystyrene to Australia?

In value terms, the largest polystyrene suppliers to Australia were Taiwan Chinese), South Korea and China, with a combined 79% share of total imports. These countries were followed by Singapore, Thailand and Hong Kong SAR, which together accounted for a further 17%.

What are the leading importers of polystyrene from Australia?

In value terms, Malaysia, New Zealand and South Korea appeared to be the largest markets for polystyrene exported from Australia worldwide, together comprising 67% of total exports. China, Spain, Thailand and Turkey lagged somewhat behind, together accounting for a further 13%.

What is the average export price for polystyrene in Australia?

In 2021, the average polystyrene export price amounted to $822 per ton, with an increase of 37% against the previous year.

What is the average import price for polystyrene in Australia?

The average polystyrene import price stood at $1,581 per ton in 2021, jumping by 47% against the previous year.

This report provides an in-depth analysis of the polystyrene market in Australia. 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:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024