Belgium: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Belgium

In 2021, after three years of decline, there was significant growth in the Belgian polystyrene in primary forms market, when its value increased by 8.5% to $X. In general, consumption showed a perceptible contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Belgium

In value terms, polystyrene in primary forms production expanded to $X in 2021 estimated in export price. Overall, production, however, recorded a sharp setback. Polystyrene in primary forms production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Belgium

In 2021, shipments abroad of polystyrene in primary forms (excluding expansible polystyrene) increased by 9.7% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 255% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, polystyrene in primary forms exports soared to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 195% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Turkey (X tons) were the main destinations of polystyrene in primary forms exports from Belgium, together comprising 40% of total exports. France, Spain, the UK, Finland, Poland, Sweden, the Netherlands, Russia, Portugal and Lithuania lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +25.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polystyrene in primary forms exported from Belgium were Germany ($X), Italy ($X) and Turkey ($X), together accounting for 40% of total exports. These countries were followed by France, Spain, the UK, Finland, Poland, Sweden, Russia, the Netherlands, Portugal and Lithuania, which together accounted for a further 37%.

In terms of the main countries of destination, Finland, with a CAGR of +25.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polystyrene in primary forms export price amounted to $X per ton, surging by 66% against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Belgium

In 2021, purchases abroad of polystyrene in primary forms (excluding expansible polystyrene) increased by 20% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 34% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, polystyrene in primary forms imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of polystyrene in primary forms imports to Belgium, together comprising 76% of total imports. Italy, the UK, the Czech Republic, Spain, South Korea and Hungary lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +45.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest polystyrene in primary forms suppliers to Belgium, with a combined 75% share of total imports. These countries were followed by Italy, the Czech Republic, the UK, Spain, South Korea and Hungary, which together accounted for a further 17%.

The Czech Republic, with a CAGR of +61.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polystyrene in primary forms import price amounted to $X per ton, increasing by 53% against the previous year. Over the period under review, the import price, however, continues to indicate 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 South Korea ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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