Singapore: Non-Cellular Polystyrene Film Market 2025

Non-Cellular Polystyrene Film Market Size in Singapore

The Singaporean non-cellular polystyrene film market reduced to $X in 2022, falling by -6.8% against the previous year. In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.3% against 2020 indices. Non-cellular polystyrene film consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Non-Cellular Polystyrene Film Production in Singapore

In value terms, non-cellular polystyrene film production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 115%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Cellular Polystyrene Film Exports

Exports from Singapore

In 2022, after three years of growth, there was significant decline in shipments abroad of non-cellular polystyrene films, sheets, foil and strip, when their volume decreased by -27% to X tons. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 105%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-cellular polystyrene film exports dropped sharply to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 69% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for non-cellular polystyrene film exports from Singapore, accounting for a 64% share of total exports. Moreover, non-cellular polystyrene film exports to Indonesia exceeded the volume sent to the second major destination, Pakistan (X tons), fivefold. Malaysia (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+28.2% per year) and Malaysia (-26.7% per year).

In value terms, Indonesia ($X) remains the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from Singapore, comprising 47% of total exports. The second position in the ranking was held by Pakistan ($X), with a 16% share of total exports. It was followed by Malaysia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+24.3% per year) and Malaysia (-28.1% per year).

Export Prices by Country

In 2022, the average non-cellular polystyrene film export price amounted to $X per ton, surging by 15% against the previous year. In general, the export price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 28% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Papua New Guinea ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into Singapore

Non-cellular polystyrene film imports into Singapore reduced dramatically to X tons in 2022, shrinking by -35.6% on 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 250% against the previous year. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, non-cellular polystyrene film imports declined remarkably to $X in 2022. Over the period under review, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 214%. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

Malaysia (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of non-cellular polystyrene film imports to Singapore, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cellular polystyrene film suppliers to Singapore were Malaysia ($X), Taiwan (Chinese) ($X) and the United States ($X), together accounting for 65% of total imports.

Taiwan (Chinese), with a CAGR of +15.5%, recorded the highest rates of growth with regard to 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 2022, the average non-cellular polystyrene film import price amounted to $X per ton, rising by 2.3% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The growth pace was the most rapid in 2019 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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