Peru: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Peru

The Peruvian expansible polystyrene market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Exports

Exports from Peru

Expansible polystyrene exports from Peru soared to X tons in 2021, rising by 76% against the year before. In general, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 508% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, expansible polystyrene exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 359%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ecuador (X tons), Bahamas (X tons) and Colombia (X tons) were the main destinations of expansible polystyrene exports from Peru, with a combined 94% share of total exports. These countries were followed by Chile and Bolivia, which together accounted for a further 4.3%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +79.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Bahamas ($X) remains the key foreign market for expansible polystyrene in primary forms exports from Peru, comprising 65% of total exports. The second position in the ranking was taken by Colombia ($X), with a 27% share of total exports. It was followed by Ecuador, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Bahamas amounted to -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-15.9% per year) and Ecuador (-27.6% per year).

Export Prices by Country

In 2021, the average expansible polystyrene export price amounted to $X per ton, reducing by -13.6% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.5%), while the prices for the other major destinations experienced a decline.

Expansible Polystyrene Imports

Imports into Peru

In 2021, the amount of expansible polystyrene in primary forms imported into Peru soared to X tons, with an increase of 62% on the year before. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. 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, expansible polystyrene imports skyrocketed to $X in 2021. In general, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of expansible polystyrene to Peru, accounting for a 48% share of total imports. Moreover, expansible polystyrene imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Bolivia (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.6% per year) and Bolivia (+20.7% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Turkey ($X) constituted the largest expansible polystyrene suppliers to Peru, together accounting for 81% of total imports. These countries were followed by Bolivia, Mexico, Saudi Arabia, the United States and Canada, which together accounted for a further 15%.

Saudi Arabia, with a CAGR of +71.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, rising by 24% against the previous year. Overall, the import price, however, saw a perceptible downturn. The import price peaked at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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