Report Update Jan 1, 2025

Philippines - Polystyrene in Primary Forms (Excluding Expansible Polystyrene) - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Philippine polystyrene in primary forms market skyrocketed to $X in 2021, with an increase of 133% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from the Philippines

In 2021, polystyrene in primary forms exports from the Philippines amounted to X tons, growing by 15% on the previous year. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of 1,042% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, polystyrene in primary forms exports surged to $X in 2021. In general, exports saw a significant increase. The growth pace was the most rapid in 2017 with an increase of 2,475%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for polystyrene in primary forms exports from the Philippines, accounting for a 92% share of total exports. Moreover, polystyrene in primary forms exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China stood at +81.2%.

In value terms, China ($X) remains the key foreign market for polystyrene in primary forms (excluding expansible polystyrene) exports from the Philippines, comprising 77% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +63.3%.

Export Prices by Country

The average polystyrene in primary forms export price stood at $X per ton in 2021, jumping by 20% against the previous year. In general, the export price, however, faced a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 126% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-3.2%).

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into the Philippines

In 2021, approx. X tons of polystyrene in primary forms (excluding expansible polystyrene) were imported into the Philippines; increasing by 68% on the year before. In general, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polystyrene in primary forms imports skyrocketed to $X in 2021. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), Thailand (X tons) and Vietnam (X tons) were the main suppliers of polystyrene in primary forms imports to the Philippines, with a combined 50% share of total imports. These countries were followed by Taiwan (Chinese), South Korea, Singapore, China and Malaysia, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +60.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), South Korea ($X) and Thailand ($X) appeared to be the largest polystyrene in primary forms suppliers to the Philippines, together comprising 51% of total imports. These countries were followed by Taiwan (Chinese), Vietnam, Singapore, China and Malaysia, which together accounted for a further 46%.

Among the main suppliers, China, with a CAGR of +69.7%, saw the highest rates of growth with regard to the value of imports, 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 polystyrene in primary forms import price amounted to $X per ton, picking up by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2013 an increase of 37% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Vietnam ($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) (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polystyrene in primary forms (excluding expansible polystyrene) in the world?

China constituted the country with the largest volume of polystyrene in primary forms consumption, accounting for 24% of total volume. Moreover, polystyrene in primary forms consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.6% share.

What are the largest producers of polystyrene in primary forms (excluding expansible polystyrene) in the world?

The countries with the highest volumes of polystyrene in primary forms production in 2021 were China, India and the United States, with a combined 36% share of global production. These countries were followed by Japan, Indonesia, Brazil, Pakistan, Taiwan Chinese), Russia, South Korea, Germany, Mexico and France, which together accounted for a further 38%.

What are the leading suppliers of polystyrene in primary forms (excluding expansible polystyrene) to the Philippines?

In value terms, the largest polystyrene in primary forms suppliers to the Philippines were Indonesia, South Korea and Thailand, with a combined 51% share of total imports. Taiwan Chinese), Vietnam, Singapore and China lagged somewhat behind, together accounting for a further 40%.

What are the leading importers of polystyrene in primary forms (excluding expansible polystyrene) from the Philippines?

In value terms, Hong Kong SAR emerged as the key foreign market for polystyrene in primary forms exports from the Philippines, comprising 87% of total exports. The second position in the ranking was occupied by Malaysia, with a 13% share of total exports.

What is the average export price for polystyrene in primary forms (excluding expansible polystyrene) in the Philippines?

In 2021, the average polystyrene in primary forms export price amounted to $1,294 per ton, picking up by 32% against the previous year.

What is the average import price for polystyrene in primary forms (excluding expansible polystyrene) in the Philippines?

The average polystyrene in primary forms import price stood at $1,459 per ton in 2021, picking up by 14% against the previous year.

This report provides an in-depth analysis of the market for polystyrene in primary forms in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024