Luxembourg: 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 Luxembourg

In 2022, the Luxembourg market for cellular plates, sheets and films of polyymers of styrene increased by 9.4% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.4% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

Exports from Luxembourg

In 2022, the amount of cellular plates, sheets and films of polyymers of styrene exported from Luxembourg declined rapidly to X tons, reducing by -22.3% on 2021 figures. Over the period under review, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 183%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene shrank markedly to $X in 2022. In general, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 233%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Belgium (X tons), Germany (X tons) and Russia (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from Luxembourg, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +12.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Russia ($X) constituted the largest markets for polystyrene cellular plates, sheets and films exported from Luxembourg worldwide, together comprising 96% of total exports.

Among the main countries of destination, Germany, with a CAGR of +24.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, reducing by -6.4% against the previous year. In general, the export price, however, enjoyed slight growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 43%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 Germany (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Luxembourg

For the fourth year in a row, Luxembourg recorded growth in overseas purchases of cellular plates, sheets and films of polyymers of styrene, which increased by 9.3% to X tons in 2022. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 45% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene expanded significantly to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +87.6% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Luxembourg, with a combined 89% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +15.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Luxembourg, comprising 64% of total imports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total imports. It was followed by France, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.1% per year) and France (+17.9% 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, approximately mirroring the previous year. In general, the import price saw a slight decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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