Eastern Asia: 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 Eastern Asia

The East Asian market for cellular plates, sheets and films of polyymers of styrene stood at $X in 2022, with an increase of 2.9% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Eastern Asia

In value terms, production of cellular plates, sheets and films of polyymers of styrene rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

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

Exports in Eastern Asia

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. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +45.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in styrene structure, finishing at X tons, which was approx. 90% of total exports in 2022. It was distantly followed by South Korea (X tons), mixing up a 6.3% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the cellular plates, sheets and films of polyymers of styrene exports, with a CAGR of +5.9% from 2012 to 2022. South Korea (-11.8%) and Taiwan (Chinese) (-16.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +31 percentage points.

In value terms, China ($X) remains the largest polystyrene cellular plates, sheets and films supplier in Eastern Asia, comprising 90% of total exports. The second position in the ranking was taken by South Korea ($X), with a 5.8% share of total exports.

In China, exports of cellular plates, sheets and films of polyymers of styrene expanded at an average annual rate of +10.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-4.9% per year) and Taiwan (Chinese) (-11.6% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 24% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +58.9% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.8%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Asia

Imports of cellular plates, sheets and films of polyymers of styrene reduced sharply to X tons in 2022, with a decrease of -18.3% against the previous year's figure. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. 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 dropped to $X in 2022. Over the period under review, imports recorded a pronounced setback. The growth pace was the most rapid in 2014 with an increase of 38%. 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, South Korea (X tons), Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) represented the key importer of cellular plates, sheets and films of polyymers of styrene in Eastern Asia, creating 86% of total import. It was distantly followed by China (X tons), making up a 7.8% share of total imports. Macao SAR (X tons) and Democratic People's Republic of Korea (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Macao SAR (with a CAGR of +17.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene cellular plates, sheets and films importing markets in Eastern Asia were South Korea ($X), China ($X) and Hong Kong SAR ($X), together accounting for 70% of total imports. Japan, Taiwan (Chinese), Democratic People's Republic of Korea and Macao SAR lagged somewhat behind, together comprising a further 30%.

Macao SAR, with a CAGR of +10.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by 16% against the previous year. In general, the import price, however, saw a slight decline. The pace of growth appeared the most rapid in 2020 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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