South-Eastern Asia: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in South-Eastern Asia

The Southeast Asian market for cellular plates, sheets and films of polyymers of styrene reached $X in 2022, leveling off at the previous year. The total consumption indicated pronounced growth 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, consumption decreased by -13.7% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in South-Eastern Asia

In value terms, production of cellular plates, sheets and films of polyymers of styrene totaled $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -11.9% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 36%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports in South-Eastern Asia

Exports of cellular plates, sheets and films of polyymers of styrene contracted to X tons in 2022, which is down by -8.7% on 2021 figures. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.5% against 2017 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 40% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene declined to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Over the period under review, the exports of reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Malaysia (X tons) was the major exporter of cellular plates, sheets and films of polyymers of styrene, generating 53% of total exports. It was distantly followed by Vietnam (X tons), Thailand (X tons) and Singapore (X tons), together constituting a 46% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polystyrene cellular plates, sheets and films exports from Malaysia stood at +3.2%. At the same time, Vietnam (+11.1%), Thailand (+6.9%) and Singapore (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +11.1% from 2012-2022. Vietnam (+12 p.p.), Thailand (+4.7 p.p.) and Malaysia (+4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, together comprising 86% of total exports.

Among the main exporting countries, Thailand, with a CAGR of +13.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, declining by -4.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports in South-Eastern Asia

In 2022, supplies from abroad of cellular plates, sheets and films of polyymers of styrene decreased by -16.5% to X tons, falling for the fourth consecutive year after seven years of growth. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 50%. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 47%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam represented the major importing country with an import of around X tons, which resulted at 40% of total imports. Indonesia (X tons) held the second position in the ranking, followed by Singapore (X tons), Myanmar (X tons), Thailand (X tons), Malaysia (X tons) and the Philippines (X tons). All these countries together took near 57% share of total imports.

Vietnam was also the fastest-growing in terms of the cellular plates, sheets and films of polyymers of styrene imports, with a CAGR of +38.1% from 2012 to 2022. At the same time, Indonesia (+18.7%), Malaysia (+6.3%), Thailand (+2.3%), Singapore (+2.2%) and Myanmar (+1.2%) displayed positive paces of growth. The Philippines experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam and Indonesia increased by +36 and +7.6 percentage points, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported cellular plates, sheets and films of polyymers of styrene in South-Eastern Asia, comprising 40% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total imports. It was followed by Malaysia, with an 11% share.

In Vietnam, imports of cellular plates, sheets and films of polyymers of styrene increased at an average annual rate of +35.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+15.2% per year) and Malaysia (+4.3% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 30% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+16.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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