Report Update Nov 1, 2024

Kazakhstan - Styrene - Market Analysis, Forecast, Size, Trends and Insights

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Kazakhstan: Styrene Market 2024

Styrene Market Size in Kazakhstan

The Kazakh styrene market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Styrene consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Styrene Production in Kazakhstan

In value terms, styrene production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Styrene Exports

Exports from Kazakhstan

In 2014, the amount of styrene exported from Kazakhstan declined markedly to X tons, dropping by -37.3% on the year before. Overall, exports showed a dramatic shrinkage. The exports peaked at X tons in 2013, and then contracted sharply in the following year.

In value terms, styrene exports declined dramatically to $X in 2014. In general, exports faced a sharp descent. The exports peaked at $X in 2013, and then shrank significantly in the following year.

Exports by Country

New Zealand (X tons) was the main destination for styrene exports from Kazakhstan, with a approx. 100% share of total exports.

From 2013 to 2014, the average annual growth rate of volume to New Zealand totaled -37.3%.

In value terms, New Zealand ($X) also remains the key foreign market for styrene exports from Kazakhstan.

From 2013 to 2014, the average annual rate of growth in terms of value to New Zealand totaled -51.9%.

Export Prices by Country

The average styrene export price stood at $X per ton in 2014, dropping by -23.3% against the previous year. In general, the export price faced a significant decrease. The export price peaked at $X per ton in 2013, and then shrank dramatically in the following year.

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

From 2013 to 2014, the rate of growth in terms of prices for New Zealand amounted to -23.3% per year.

Styrene Imports

Imports into Kazakhstan

In 2021, overseas purchases of styrene decreased by -62.4% to X tons, falling for the third year in a row after three years of growth. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 665% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, styrene imports dropped remarkably to $X in 2021. Over the period under review, imports, however, posted a mild increase. The growth pace was the most rapid in 2016 with an increase of 365%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) was the main styrene supplier to Kazakhstan, accounting for a 93% share of total imports. Moreover, styrene imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.5% per year) and China (-12.6% per year).

In value terms, Russia ($X) constituted the largest supplier of styrene to Kazakhstan, comprising 79% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and Poland (-11.0% per year).

Import Prices by Country

The average styrene import price stood at $X per ton in 2021, increasing by 25% against the previous year. Over the period under review, the import price, however, saw a deep slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 China ($X per ton), while the price for Russia ($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 (+15.6%), 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, with a combined 35% share of global production.

What are the leading suppliers of styrene to Kazakhstan?

In value terms, Russia constituted the largest supplier of styrene to Kazakhstan.

What are the leading importers of styrene from Kazakhstan?

In value terms, New Zealand remains the key foreign market for styrene exports from Kazakhstan.

What is the average export price for styrene in Kazakhstan?

In 2014, the average styrene export price amounted to $1,393 per ton, falling by -23.3% against the previous year.

What is the average import price for styrene in Kazakhstan?

The average styrene import price stood at $1,319 per ton in 2021, picking up by 25% against the previous year.

This report provides an in-depth analysis of the styrene market in Kazakhstan. 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:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
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