Northern America: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Northern America

In 2021, the North American expansible polystyrene market decreased by -2.7% to $X, falling for the second consecutive year after six years of growth. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Expansible Polystyrene Production in Northern America

In value terms, expansible polystyrene production dropped modestly to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +75.1% against 2013 indices. The most prominent rate of growth was recorded in 2016 with an increase of 15%. The level of production peaked at $X in 2020, and then declined in the following year.

Expansible Polystyrene Exports

Exports in Northern America

In 2021, shipments abroad of expansible polystyrene in primary forms increased by 70% to X tons for the first time since 2017, thus ending a three-year declining trend. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the United States (X tons), distantly followed by Canada (X tons) represented the largest exporters of expansible polystyrene in primary forms, together achieving 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +4.8%).

In value terms, the largest expansible polystyrene supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, Canada, with a CAGR of +5.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, dropping by -9.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 18%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.3%).

Expansible Polystyrene Imports

Imports in Northern America

In 2021, overseas purchases of expansible polystyrene in primary forms were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 11%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, expansible polystyrene imports surged to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern 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.

Imports by Country

The United States represented the largest importing country with an import of around X tons, which amounted to 87% of total imports. It was distantly followed by Canada (X tons), constituting a 13% share of total imports.

The United States was also the fastest-growing in terms of the expansible polystyrene in primary forms imports, with a CAGR of +2.3% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-3.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported expansible polystyrene in primary forms in Northern America, comprising 86% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +1.8%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, surging by 47% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.7%).

Source: IndexBox Platform

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