MERCOSUR: 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 MERCOSUR

The MERCOSUR market for cellular plates, sheets and films of polyymers of styrene expanded modestly to $X in 2022, growing by 2.3% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked 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 MERCOSUR

In value terms, production of cellular plates, sheets and films of polyymers of styrene reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 19% against the previous year. Over the period under review, production of attained the maximum 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 in MERCOSUR

Exports of cellular plates, sheets and films of polyymers of styrene expanded to X tons in 2022, growing by 3% on the previous year's figure. Overall, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by 190% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene totaled $X in 2022. In general, exports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 214%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Colombia (X tons) was the major exporter of cellular plates, sheets and films of polyymers of styrene, committing 50% of total exports. Brazil (X tons) ranks second in terms of the total exports with a 21% share, followed by Ecuador (17%) and Argentina (5%). Chile (X tons) and Peru (X tons) followed a long way behind the leaders.

Exports from Colombia decreased at an average annual rate of -3.1% from 2012 to 2022. At the same time, Ecuador (+16.6%) and Peru (+1.4%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +16.6% from 2012-2022. By contrast, Brazil (-15.0%), Chile (-16.8%) and Argentina (-26.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia and Ecuador increased by +28 and +16 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polystyrene cellular plates, sheets and films supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Ecuador ($X), with a combined 91% share of total exports.

Ecuador, with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, dropping by -1.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 53%. As a result, the export price attained the peak level of $X per ton, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.1%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MERCOSUR

In 2022, supplies from abroad of cellular plates, sheets and films of polyymers of styrene increased by 26% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +35.0% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 123%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. Overall, imports saw a notable expansion. The growth pace was the most rapid in 2013 when imports increased by 134% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Chile was the largest importer of cellular plates, sheets and films of polyymers of styrene in MERCOSUR, with the volume of imports resulting at X tons, which was near 45% of total imports in 2022. Brazil (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Peru (13%), Colombia (9.6%) and Suriname (6.1%). The following importers - Uruguay (X tons) and Ecuador (X tons) - together made up 7.2% of total imports.

Chile was also the fastest-growing in terms of the cellular plates, sheets and films of polyymers of styrene imports, with a CAGR of +14.7% from 2012 to 2022. At the same time, Ecuador (+7.4%), Suriname (+6.8%), Peru (+5.8%), Uruguay (+4.9%), Brazil (+4.4%) and Colombia (+3.2%) displayed positive paces of growth. From 2012 to 2022, the share of Chile increased by +26 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported cellular plates, sheets and films of polyymers of styrene in MERCOSUR, comprising 41% of total imports. The second position in the ranking was taken by Brazil ($X), with an 18% share of total imports. It was followed by Peru, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile stood at +10.4%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-0.8% per year) and Peru (+4.3% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, shrinking by -4% against the previous year. Overall, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 24%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform