India: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in India

The Indian market for cellular plates, sheets and films of polyymers of styrene reduced to $X in 2022, with a decrease of -3.1% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in India

In value terms, production of cellular plates, sheets and films of polyymers of styrene shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from India

Exports of cellular plates, sheets and films of polyymers of styrene from India soared to X tons in 2022, growing by 273% against the year before. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 302%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 424% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bhutan (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from India, accounting for a 54% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Bhutan exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Bangladesh (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Bhutan stood at +216.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+42.6% per year) and Bangladesh (+47.9% per year).

In value terms, Bhutan ($X) emerged as the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from India, comprising 47% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Bhutan amounted to +120.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+46.4% per year) and the United Arab Emirates (+19.7% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, declining by -29.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 56%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into India

In 2022, approx. X tons of cellular plates, sheets and films of polyymers of styrene were imported into India; surging by 11% compared with 2021. Over the period under review, imports recorded prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 128% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene reduced dramatically to $X in 2022. In general, imports showed buoyant growth. The growth pace was the most rapid in 2015 when imports increased by 395% against the previous year. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of polystyrene cellular plates, sheets and films to India, with a 90% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. Lithuania (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+236.9% per year) and Lithuania (+60.3% per year).

In value terms, China ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to India, comprising 81% of total imports. The second position in the ranking was held by Lithuania ($X), with a 4.7% share of total imports. It was followed by Russia, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+105.4% per year) and Russia (+246.0% per year).

Import Prices by Country

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, waning by -30.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 279%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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