Peru: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Peru

In 2021, the Peruvian polystyrene in primary forms market decreased by -15.1% to $X, falling for the second consecutive year after four years of growth. Overall, consumption saw a noticeable descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Peru

In 2021, approx. X tons of polystyrene in primary forms (excluding expansible polystyrene) were exported from Peru; reducing by -24.2% compared with the previous year's figure. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 4,991%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, polystyrene in primary forms exports surged to $X in 2021. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 3,238%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons), the United States (X tons) and Chile (X tons) were the main destinations of polystyrene in primary forms exports from Peru, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +110.5%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for polystyrene in primary forms (excluding expansible polystyrene) exports from Peru, comprising 77% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Chile, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to +57.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+71.8% per year) and Chile (+74.9% per year).

Export Prices by Country

The average polystyrene in primary forms export price stood at $X per ton in 2021, growing by 55% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 128% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United States ($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 Chile (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Peru

Polystyrene in primary forms imports into Peru shrank significantly to X tons in 2021, dropping by -32.6% compared with 2020 figures. In general, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 42%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, polystyrene in primary forms imports dropped to $X in 2021. Overall, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2014 with an increase of 68%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of polystyrene in primary forms imports to Peru, with a combined 77% share of total imports. Brazil, the United States, Vietnam, Belgium and Colombia lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +38.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the largest polystyrene in primary forms suppliers to Peru, with a combined 78% share of total imports. The United States, Brazil, Vietnam, Belgium and Colombia lagged somewhat behind, together accounting for a further 12%.

Brazil, with a CAGR of +30.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, with an increase of 40% against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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