Czech Republic: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in the Czech Republic

The Czech expansible polystyrene market shrank to $X in 2021, with a decrease of -11.2% against the previous year. Over the period under review, consumption recorded a slight shrinkage. Expansible polystyrene consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Expansible Polystyrene Production in the Czech Republic

In value terms, expansible polystyrene production totaled $X in 2021 estimated in export price. In general, production showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Expansible polystyrene production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Expansible Polystyrene Exports

Exports from the Czech Republic

In 2021, overseas shipments of expansible polystyrene in primary forms were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 32%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, expansible polystyrene exports surged to $X in 2021. Over the period under review, exports, however, saw a slight shrinkage. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for expansible polystyrene exports from the Czech Republic, with a 56% share of total exports. Moreover, expansible polystyrene exports to Poland exceeded the volume sent to the second major destination, Lithuania (X tons), sixfold. The third position in this ranking was held by Slovakia (X tons), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+16.0% per year) and Slovakia (-0.9% per year).

In value terms, Poland ($X) remains the key foreign market for expansible polystyrene in primary forms exports from the Czech Republic, comprising 55% of total exports. The second position in the ranking was held by Lithuania ($X), with a 9% share of total exports. It was followed by Slovakia, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+18.4% per year) and Slovakia (+3.0% per year).

Export Prices by Country

The average expansible polystyrene export price stood at $X per ton in 2021, jumping by 83% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Switzerland ($X per ton), while the average price for exports to Romania ($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 Switzerland (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into the Czech Republic

In 2021, supplies from abroad of expansible polystyrene in primary forms increased by 0.7% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 16%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, expansible polystyrene imports surged to $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Austria (X tons) and Poland (X tons) were the main suppliers of expansible polystyrene imports to the Czech Republic, together accounting for 61% of total imports. These countries were followed by the Netherlands, France, Greece and Hungary, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +31.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Poland ($X) were the largest expansible polystyrene suppliers to the Czech Republic, with a combined 61% share of total imports. The Netherlands, France, Greece and Hungary lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Greece, with a CAGR of +41.4%, saw the highest growth rate of 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 2021, the average expansible polystyrene import price amounted to $X per ton, with an increase of 79% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Poland ($X per ton), while the price for Hungary ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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