Southern 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 Southern Asia

The South Asian market for cellular plates, sheets and films of polyymers of styrene shrank to $X in 2022, waning by -3% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Southern Asia

In value terms, production of cellular plates, sheets and films of polyymers of styrene declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 27% against the previous year. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports in Southern Asia

In 2022, the amount of cellular plates, sheets and films of polyymers of styrene exported in Southern Asia skyrocketed to X tons, rising by 111% compared with 2021. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 162%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 230%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates styrene structure, finishing at X tons, which was near 93% of total exports in 2022. Pakistan (X tons) and Sri Lanka (X tons) held a relatively small share of total exports.

India was also the fastest-growing in terms of the cellular plates, sheets and films of polyymers of styrene exports, with a CAGR of +25.2% from 2012 to 2022. At the same time, Pakistan (+14.1%) displayed positive paces of growth. By contrast, Sri Lanka (-10.8%) illustrated a downward trend over the same period. While the share of India (+39 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (-2 p.p.) and Sri Lanka (-35.3 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest polystyrene cellular plates, sheets and films supplier in Southern Asia, comprising 90% of total exports. The second position in the ranking was held by Pakistan ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +24.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+13.9% per year) and Sri Lanka (-5.1% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, which is down by -19.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 35%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

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

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

Imports in Southern Asia

In 2022, imports of cellular plates, sheets and films of polyymers of styrene in Southern Asia expanded remarkably to X tons, increasing by 10% against the previous year. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 64%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2022. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 137%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

India was the largest importer of cellular plates, sheets and films of polyymers of styrene in Southern Asia, with the volume of imports finishing at X tons, which was near 74% of total imports in 2022. Sri Lanka (X tons) ranks second in terms of the total imports with a 16% share, followed by Bangladesh (5.5%). Pakistan (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +17.4% from 2012 to 2022. At the same time, Sri Lanka (+26.8%) and Pakistan (+3.2%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +26.8% from 2012-2022. By contrast, Bangladesh (-6.5%) illustrated a downward trend over the same period. India (+33 p.p.) and Sri Lanka (+12 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Bangladesh saw its share reduced by -2% and -24.4% from 2012 to 2022, respectively.

In value terms, the largest polystyrene cellular plates, sheets and films importing markets in Southern Asia were India ($X), Sri Lanka ($X) and Bangladesh ($X), with a combined 95% share of total imports.

In terms of the main importing countries, Sri Lanka, with a CAGR of +31.2%, 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 2022, the import price in Southern Asia amounted to $X per ton, declining by -18.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by 54%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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