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

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

The East Asian polystyrene in primary forms market fell to $X in 2021, which is down by -3.3% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Eastern Asia

In value terms, polystyrene in primary forms production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 18%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports in Eastern Asia

In 2021, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) decreased by -4.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2019 with an increase of 8.6% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, polystyrene in primary forms exports skyrocketed to $X in 2021. In general, exports continue to indicate a noticeable downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Taiwan (Chinese) (X tons), distantly followed by Hong Kong SAR (X tons), South Korea (X tons), Japan (X tons) and China (X tons) were the key exporters of polystyrene in primary forms (excluding expansible polystyrene), together comprising 99.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of +12.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Taiwan (Chinese) ($X), Hong Kong SAR ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, together comprising 79% of total exports. These countries were followed by Japan and China, which together accounted for a further 21%.

China, with a CAGR of +8.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 30% against the previous year. Overall, the export price, however, showed a slight setback. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports in Eastern Asia

In 2021, supplies from abroad of polystyrene in primary forms (excluding expansible polystyrene) decreased by -11.8% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 41% against the previous year. The volume of import peaked at X tons in 2020, and then reduced in the following year.

In value terms, polystyrene in primary forms imports expanded markedly to $X in 2021. Overall, imports recorded a slight reduction. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China dominates imports structure, amounting to X tons, which was approx. 93% of total imports in 2021. It was distantly followed by Hong Kong SAR (X tons), mixing up a 5.4% share of total imports.

China was also the fastest-growing in terms of the polystyrene in primary forms (excluding expansible polystyrene) imports, with a CAGR of +3.0% from 2012 to 2021. Hong Kong SAR (-11.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +17 percentage points.

In value terms, China ($X) constitutes the largest market for imported polystyrene in primary forms (excluding expansible polystyrene) in Eastern Asia, comprising 92% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 6.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, picking up by 27% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-1.2%).

Source: IndexBox Platform

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