China: 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 China

The Chinese market for cellular plates, sheets and films of polyymers of styrene expanded to $X in 2022, picking up by 4.9% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of cellular plates, sheets and films of polyymers of styrene rose significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 -5.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

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

Exports from China

In 2022, shipments abroad of cellular plates, sheets and films of polyymers of styrene increased by 16% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +30.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons), the United States (X tons) and Israel (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from China, together comprising 29% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +28.2%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Mexico ($X) and Malaysia ($X) constituted the largest markets for polystyrene cellular plates, sheets and films exported from China worldwide, together comprising 30% of total exports.

Mexico, with a CAGR of +35.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, picking up by 28% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cellular plates, sheets and films of polyymers of styrene increased by +57.7% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Israel ($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 Vietnam (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

After two years of decline, overseas purchases of cellular plates, sheets and films of polyymers of styrene increased by 17% to X tons in 2022. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 73%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene expanded rapidly to $X in 2022. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Malta (X tons) constituted the largest polystyrene cellular plates, sheets and films supplier to China, with a 32% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from Malta exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from Malta totaled +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.8% per year) and the Netherlands (+102.4% per year).

In value terms, the largest polystyrene cellular plates, sheets and films suppliers to China were the United States ($X), the Netherlands ($X) and Malta ($X), together accounting for 62% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +87.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, falling by -9.7% against the previous year. Overall, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 22%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malta ($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 UK (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :