Report Update Nov 1, 2024

Hong Kong SAR, China - Styrene - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Styrene Market 2024

Styrene Market Size in Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in the Hong Kong styrene market, when its value increased by 46% to $X. Overall, consumption, however, recorded a noticeable shrinkage. Styrene consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Styrene Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of styrene were exported from Hong Kong SAR; with an increase of 128% compared with 2020. Overall, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, styrene exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for styrene exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at +10.6%.

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

From 2012 to 2021, the average annual growth rate of value to China totaled +8.9%.

Export Prices by Country

In 2021, the average styrene export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 -1.5% per year.

Styrene Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of styrene increased by 12% to X tons, rising for the fourth year in a row after five years of decline. In general, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of 14%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, styrene imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible contraction. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of styrene to Hong Kong SAR, accounting for a 84% share of total imports. Moreover, styrene imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+20.2% per year) and China (+13.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of styrene to Hong Kong SAR, comprising 84% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+17.0% per year) and China (+9.7% per year).

Import Prices by Country

The average styrene import price stood at $X per ton in 2021, surging by 58% against the previous year. In general, the import price, however, saw a noticeable descent. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 37% share of global consumption.

What are the largest producers of styrene in the world?

The countries with the highest volumes of in 2021 were the United States, China and Saudi Arabia, together accounting for 35% of global production.

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

In value terms, South Korea constituted the largest supplier of styrene to Hong Kong SAR, comprising 58% of total imports. The second position in the ranking was occupied by Saudi Arabia, with a 22% share of total imports. It was followed by Taiwan Chinese), with a 7.1% share.

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

In value terms, China remains the key foreign market for styrene exports from Hong Kong SAR, comprising 95% of total exports. The second position in the ranking was occupied by Australia, with a 5.4% share of total exports.

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

The average styrene export price stood at $1,910 per ton in 2021, remaining relatively unchanged against the previous year.

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

In 2021, the average styrene import price amounted to $1,151 per ton, jumping by 58% against the previous year.

This report provides an in-depth analysis of the styrene 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 20141250 - Styrene

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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to reduce your production and supply chain costs
How to outsource production to other countries
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