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

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

The Ecuadorian polystyrene in primary forms market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Ecuador

In 2021, exports of polystyrene in primary forms (excluding expansible polystyrene) from Ecuador reduced sharply to X tons, which is down by -83.2% compared with 2020 figures. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 1,485%. The exports peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, polystyrene in primary forms exports fell remarkably to $X in 2021. Overall, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 1,453% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then declined remarkably in the following year.

Exports by Country

Colombia (X tons), China (X tons) and Malaysia (X tons) were the main destinations of polystyrene in primary forms exports from Ecuador, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +90.1%), while the other leaders experienced a decline.

In value terms, Colombia ($X) emerged as the key foreign market for polystyrene in primary forms (excluding expansible polystyrene) exports from Ecuador, comprising 45% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia amounted to +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.6% per year) and China (-23.7% per year).

Export Prices by Country

In 2021, the average polystyrene in primary forms export price amounted to $X per ton, falling by -26.2% against the previous year. In general, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 35%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to Malaysia ($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 Malaysia (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Ecuador

Polystyrene in primary forms imports into Ecuador skyrocketed to X tons in 2021, increasing by 18% on the previous year's figure. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polystyrene in primary forms imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern 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

Taiwan (Chinese) (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of polystyrene in primary forms imports to Ecuador, together accounting for 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Ecuador, comprising 52% of total imports. The second position in the ranking was held by Brazil ($X), with a 21% share of total imports. It was followed by the United States, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) stood at +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+17.7% per year) and the United States (+36.6% per year).

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, growing by 34% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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