Slovenia: Polystyrene Market 2024

Polystyrene Market Size in Slovenia

In 2022, the Slovene polystyrene market increased by 4.2% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Polystyrene consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Polystyrene Exports

Exports from Slovenia

In 2022, shipments abroad of polystyrene increased by 0.4% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2013 with an increase of 159% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, polystyrene exports surged to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 215%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Croatia (X tons), Italy (X tons) and Austria (X tons) were the main destinations of polystyrene exports from Slovenia, with a combined 57% share of total exports. Slovakia, Belarus, Hungary, the Netherlands, the Czech Republic and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +211.8%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) remains the key foreign market for polystyrene exports from Slovenia, comprising 33% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by Austria, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Croatia totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-15.4% per year) and Austria (+3.5% per year).

Export Prices by Country

The average polystyrene export price stood at $X per ton in 2022, rising by 41% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polystyrene export price increased by +193.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 108% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Belarus ($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 Belarus (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polystyrene Imports

Imports into Slovenia

In 2022, the amount of polystyrene imported into Slovenia fell to X tons, which is down by -4.6% against 2021. In general, imports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2017 when imports increased by 20% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, polystyrene imports rose remarkably to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of polystyrene imports to Slovenia, with a combined 59% share of total imports. Belgium, the Czech Republic, Poland, Turkey, Austria and Egypt lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +87.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene suppliers to Slovenia were Germany ($X), France ($X) and Italy ($X), together comprising 59% of total imports. Belgium, the Czech Republic, Austria, Poland, Turkey and Egypt lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Turkey, with a CAGR of +105.6%, saw the highest growth rate of 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

The average polystyrene import price stood at $X per ton in 2022, growing by 15% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polystyrene import price increased by +90.2% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 65% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per ton) and Turkey ($X per ton), while the price for Egypt ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform