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

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

The Canadian polystyrene in primary forms market surged to $X in 2021, rising by 36% 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). Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Canada

In 2021, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) increased by 7.7% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 75%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, polystyrene in primary forms exports soared to $X in 2021. Overall, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for polystyrene in primary forms exports from Canada, with a 70% share of total exports. Moreover, polystyrene in primary forms exports to the United States exceeded the volume sent to the second major destination, Malaysia (X tons), sixfold. The third position in this ranking was taken by Thailand (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-55.6% per year) and Thailand (-46.4% per year).

In value terms, the United States ($X) remains the key foreign market for polystyrene in primary forms (excluding expansible polystyrene) exports from Canada, comprising 68% of total exports. The second position in the ranking was held by Malaysia ($X), with a 10% share of total exports. It was followed by Thailand, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-44.9% per year) and Thailand (-47.1% per year).

Export Prices by Country

In 2021, the average polystyrene in primary forms export price amounted to $X per ton, with an increase of 23% against the previous year. In general, the export price, however, recorded a mild setback. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and Panama ($X per ton), while the average price for exports to Malaysia ($X per ton) and the United States ($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 Panama (+52.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Canada

In 2021, overseas purchases of polystyrene in primary forms (excluding expansible polystyrene) increased by 6.8% to X tons, rising for the third year in a row after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, polystyrene in primary forms imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest polystyrene in primary forms supplier to Canada, accounting for a 79% share of total imports. Moreover, polystyrene in primary forms imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.6% per year) and Taiwan (Chinese) (+20.8% per year).

In value terms, the United States ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Canada, comprising 77% of total imports. The second position in the ranking was taken by Mexico ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.1% per year) and Taiwan (Chinese) (+20.9% per year).

Import Prices by Country

In 2021, the average polystyrene in primary forms import price amounted to $X per ton, picking up by 40% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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