Eastern Europe: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Eastern Europe

In 2021, the East European expansible polystyrene market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a slight slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Expansible Polystyrene Production in Eastern Europe

In value terms, expansible polystyrene production rose notably to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Expansible Polystyrene Exports

Exports in Eastern Europe

In 2021, shipments abroad of expansible polystyrene in primary forms increased by 11% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene exports soared to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the Czech Republic (X tons), Poland (X tons), Russia (X tons) and Hungary (X tons), together recording 94% of total export. Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +10.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest expansible polystyrene supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Russia ($X), with a combined 76% share of total exports. These countries were followed by Hungary and Lithuania, which together accounted for a further 19%.

Among the main exporting countries, Lithuania, with a CAGR of +18.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, surging by 80% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% 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 reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Czech Republic ($X per ton) and Poland ($X per ton), while Russia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+6.8%), while the other leaders experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports in Eastern Europe

For the sixth consecutive year, Eastern Europe recorded growth in overseas purchases of expansible polystyrene in primary forms, which increased by 7.9% to X tons in 2021. The total import volume 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. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, expansible polystyrene imports soared to $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% 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

In 2021, Poland (X tons) represented the main importer of expansible polystyrene in primary forms, achieving 45% of total imports. It was distantly followed by Romania (X tons), Hungary (X tons), Slovakia (X tons), the Czech Republic (X tons), Ukraine (X tons) and Lithuania (X tons), together generating a 43% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to expansible polystyrene imports into Poland stood at +5.7%. At the same time, Lithuania (+13.1%), Hungary (+7.6%), Slovakia (+5.9%), Romania (+5.6%) and Ukraine (+3.6%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +13.1% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. While the share of Poland (+8.5 p.p.), Lithuania (+2.9 p.p.), Romania (+2.3 p.p.) and Hungary (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported expansible polystyrene in primary forms in Eastern Europe, comprising 46% of total imports. The second position in the ranking was taken by Romania ($X), with a 12% share of total imports. It was followed by the Czech Republic, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland stood at +7.3%. The remaining importing countries recorded the following average annual rates of imports growth: Romania (+6.0% per year) and the Czech Republic (+3.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, with an increase of 71% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. 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 somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Poland ($X per ton), while Ukraine ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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