EU: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in the EU

In 2021, after two years of decline, there was significant growth in the EU expansible polystyrene market, when its value increased by 42% to $X. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Production in the EU

In value terms, expansible polystyrene production soared to $X in 2021 estimated in export price. The total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Exports

Exports in the EU

In 2021, overseas shipments of expansible polystyrene in primary forms increased by 12% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat 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.

In value terms, expansible polystyrene exports soared to $X in 2021. Total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. 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 Netherlands represented the key exporter of expansible polystyrene in primary forms in the European Union, with the volume of exports recording X tons, which was approx. 36% of total exports in 2021. Belgium (X tons) ranks second in terms of the total exports with an 18% share, followed by France (12%), Greece (7.5%), the Czech Republic (7.2%), Poland (7%) and Hungary (4.7%).

From 2012 to 2021, average annual rates of growth with regard to expansible polystyrene exports from the Netherlands stood at +5.4%. At the same time, Poland (+8.0%), Belgium (+7.6%) and Greece (+3.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +8.0% from 2012-2021. Hungary experienced a relatively flat trend pattern. By contrast, the Czech Republic (-3.5%) and France (-4.1%) illustrated a downward trend over the same period. The Netherlands (+11 p.p.), Belgium (+7.3 p.p.) and Poland (+3 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic and France saw its share reduced by -4% and -7.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest expansible polystyrene supplier in the European Union, comprising 36% of total exports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total exports. It was followed by France, with a 12% share.

In the Netherlands, expansible polystyrene exports expanded at an average annual rate of +6.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+8.5% per year) and France (-3.0% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, increasing by 74% against the previous year. Export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. 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.

Average prices varied noticeably 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 Belgium ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the other leaders experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports in the EU

For the fifth consecutive year, the European Union recorded growth in supplies from abroad of expansible polystyrene in primary forms, which increased by 13% to X tons in 2021. The total import volume increased at an average annual rate of +3.9% 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene imports soared to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons), distantly followed by Germany (X tons), Italy (X tons), France (X tons) and Romania (X tons) represented the main importers of expansible polystyrene in primary forms, together generating 61% of total imports. Sweden (X tons), the Netherlands (X tons), Spain (X tons), Austria (X tons), Hungary (X tons), Slovakia (X tons), the Czech Republic (X tons) and Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +8.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 46% share of total imports. These countries were followed by France, Romania, Sweden, Spain, the Netherlands, Austria, the Czech Republic, Slovakia, Hungary and Denmark, which together accounted for a further 42%.

Spain, with a CAGR of +9.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, picking up by 71% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.0% 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 importing countries. In 2021, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Sweden ($X per ton), while the Netherlands ($X per ton) and Romania ($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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