Austria: Styrene Market 2024

Styrene Market Size in Austria

In 2021, the Austrian styrene market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Styrene consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Styrene Exports

Exports from Austria

In 2021, shipments abroad of styrene was finally on the rise to reach X tons after three years of decline. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 5,941%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, styrene exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 5,154% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons), Bulgaria (X tons) and Hungary (X tons) were the main destinations of styrene exports from Austria, with a combined 72% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +11.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for styrene exported from Austria were the UK ($X), Bulgaria ($X) and Romania ($X), together comprising 73% of total exports.

Among the main countries of destination, Bulgaria, with a CAGR of +6.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average styrene export price amounted to $X per ton, declining by -8.2% against the previous year. In general, the export price saw a mild setback. The pace of growth appeared the most rapid in 2019 an increase of 67% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+4.7%), while the prices for the other major destinations experienced a decline.

Styrene Imports

Imports into Austria

Styrene imports into Austria amounted to X tons in 2021, increasing by 1.8% against the year before. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 58%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, styrene imports soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of styrene to Austria, with a 72% share of total imports. Moreover, styrene imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Germany (X tons) ranked third in terms of total imports with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+132.4% per year) and Germany (-50.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of styrene to Austria, comprising 72% of total imports. The second position in the ranking was taken by Belgium ($X), with a 28% share of total imports. It was followed by Germany, with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+128.9% per year) and Germany (-50.2% per year).

Import Prices by Country

In 2021, the average styrene import price amounted to $X per ton, growing by 87% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :