Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American market for cellular plates, sheets and films of polyymers of styrene expanded slightly to $X in 2022, with an increase of 2% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Latin America and the Caribbean

In value terms, production of cellular plates, sheets and films of polyymers of styrene stood at $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 throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2018; afterwards, it flattened through to 2022.

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

Exports in Latin America and the Caribbean

In 2022, overseas shipments of cellular plates, sheets and films of polyymers of styrene decreased by -11.5% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, showed a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 87%. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 89% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Mexico prevails in styrene structure, resulting at X tons, which was approx. 94% of total exports in 2022. Guatemala (X tons) held a minor share of total exports.

Mexico was also the fastest-growing in terms of the cellular plates, sheets and films of polyymers of styrene exports, with a CAGR of +6.1% from 2012 to 2022. At the same time, Guatemala (+5.4%) displayed positive paces of growth. From 2012 to 2022, the share of Mexico increased by +12 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest polystyrene cellular plates, sheets and films supplier in Latin America and the Caribbean, comprising 94% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 2.4% share of total exports.

In Mexico, exports of cellular plates, sheets and films of polyymers of styrene expanded at an average annual rate of +9.2% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 49% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while Mexico totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+4.6%).

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

Imports in Latin America and the Caribbean

In 2022, overseas purchases of cellular plates, sheets and films of polyymers of styrene were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.4% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 49%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Mexico dominates styrene structure, finishing at X tons, which was approx. 58% of total imports in 2022. It was distantly followed by Chile (X tons), the Dominican Republic (X tons) and El Salvador (X tons), together creating a 20% share of total imports. Panama (X tons), Brazil (X tons), Peru (X tons), Guatemala (X tons) and Colombia (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +12.2% from 2012 to 2022. At the same time, Chile (+14.7%), Panama (+13.7%), El Salvador (+7.7%), the Dominican Republic (+6.4%), Peru (+5.8%), Brazil (+4.4%) and Colombia (+3.2%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +14.7% from 2012-2022. Guatemala experienced a relatively flat trend pattern. From 2012 to 2022, the share of Mexico and Chile increased by +20 and +4.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported cellular plates, sheets and films of polyymers of styrene in Latin America and the Caribbean, comprising 54% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with a 14% share of total imports. It was followed by Chile, with a 7.3% share.

In Mexico, imports of cellular plates, sheets and films of polyymers of styrene expanded at an average annual rate of +8.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Dominican Republic (+17.1% per year) and Chile (+10.4% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 33%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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