Report Update Nov 1, 2024

Hong Kong SAR, China - Polystyrene, in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Polystyrene Market 2024

Polystyrene Market Size in Hong Kong SAR, China

In 2022, after three years of decline, there was significant growth in the Hong Kong polystyrene market, when its value increased by 286% to $X. Over the period under review, consumption, however, continues to indicate a perceptible setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Polystyrene Production in Hong Kong SAR, China

In value terms, polystyrene production totaled $X in 2022 estimated in export price. In general, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 44% against the previous year. Polystyrene production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Polystyrene Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of polystyrene decreased by -27.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 21%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, polystyrene exports contracted dramatically to $X in 2022. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for polystyrene exports from Hong Kong SAR, accounting for a approx. 96% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at -9.3%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -11.5%.

Export Prices by Country

The average polystyrene export price stood at $X per ton in 2022, falling by -14.4% against the previous year. Over the period under review, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.3% per year.

Polystyrene Imports

Imports into Hong Kong SAR, China

For the fifth consecutive year, Hong Kong SAR recorded decline in supplies from abroad of polystyrene, which decreased by -60% to X tons in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 8%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polystyrene imports fell dramatically to $X in 2022. Overall, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest polystyrene supplier to Hong Kong SAR, accounting for a 45% share of total imports. Moreover, polystyrene imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to -17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-21.1% per year) and Japan (-8.5% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of polystyrene to Hong Kong SAR, comprising 43% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) stood at -18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.2% per year) and South Korea (-22.1% per year).

Import Prices by Country

In 2022, the average polystyrene import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polystyrene in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, together accounting for 38% of global consumption.

What are the largest producers of polystyrene in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 35% share of global production.

What are the leading suppliers of polystyrene to Hong Kong SAR, China?

In value terms, Taiwan Chinese) constituted the largest supplier of polystyrene to Hong Kong SAR, comprising 39% of total imports. The second position in the ranking was occupied by South Korea, with a 13% share of total imports. It was followed by the United States, with a 12% share.

What are the leading importers of polystyrene from Hong Kong SAR, China?

In value terms, China remains the key foreign market for polystyrene exports from Hong Kong SAR.

What is the average export price for polystyrene in Hong Kong SAR, China?

The average polystyrene export price stood at $1,211 per ton in 2021, approximately reflecting the previous year.

What is the average import price for polystyrene in Hong Kong SAR, China?

In 2021, the average polystyrene import price amounted to $1,259 per ton, rising by 2.6% against the previous year.

This report provides an in-depth analysis of the polystyrene market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20162035 - Expansible polystyrene, in primary forms
Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023