Hong Kong SAR, China: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Hong Kong SAR, China

After two years of decline, the Hong Kong polystyrene in primary forms market increased by 18% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. Polystyrene in primary forms consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Hong Kong SAR, China

In value terms, polystyrene in primary forms production declined to $X in 2021 estimated in export price. Overall, production saw a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 65%. Polystyrene in primary forms production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Hong Kong SAR, China

In 2021, shipments abroad of polystyrene in primary forms (excluding expansible polystyrene) decreased by -1.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 23% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, polystyrene in primary forms exports soared to $X in 2021. Overall, exports recorded a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for polystyrene in primary forms exports from Hong Kong SAR, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -6.7%.

In value terms, China ($X) also remains the key foreign market for polystyrene in primary forms (excluding expansible polystyrene) exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to China amounted to -7.6%.

Export Prices by Country

In 2021, the average polystyrene in primary forms export price amounted to $X per ton, growing by 30% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.9% per year.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Hong Kong SAR, China

In 2021, approx. X tons of polystyrene in primary forms (excluding expansible polystyrene) were imported into Hong Kong SAR; declining by -5.3% against the year before. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 6.7%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, polystyrene in primary forms imports skyrocketed to $X in 2021. Overall, imports saw a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest polystyrene in primary forms supplier to Hong Kong SAR, with a 43% share of total imports. Moreover, polystyrene in primary forms imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-14.9% per year) and Thailand (-15.9% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Hong Kong SAR, comprising 44% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Thailand, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-15.4% per year) and Thailand (-17.8% per year).

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, growing by 30% against the previous year. Over the period under review, the import price, however, recorded a slight slump. Over the period under review, average 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($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 (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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