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

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Southern Asia

In 2021, after two years of decline, there was significant growth in the South Asian polystyrene in primary forms market, when its value increased by 5.3% to $X. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.8% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Southern Asia

In value terms, polystyrene in primary forms production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.2% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 28%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports in Southern Asia

Polystyrene in primary forms exports expanded significantly to X tons in 2021, growing by 12% compared with the previous year. Over the period under review, exports, however, continue to indicate a mild shrinkage. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, polystyrene in primary forms exports soared to $X in 2021. Overall, exports, however, showed a noticeable decrease. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Pakistan was the major exporting country with an export of about X tons, which accounted for 61% of total exports. It was distantly followed by India (X tons), creating a 39% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +4.1%).

In value terms, Pakistan ($X) and India ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Pakistan, with a CAGR of +2.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, surging by 62% against the previous year. Over the period under review, the export price, however, continues to indicate a mild shrinkage. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.9%).

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports in Southern Asia

In 2021, imports of polystyrene in primary forms (excluding expansible polystyrene) in Southern Asia soared to X tons, with an increase of 20% on the previous year. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2015 when imports increased by 33%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, polystyrene in primary forms imports surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bangladesh (X tons) and India (X tons) dominates imports structure, together generating 89% of total imports. It was distantly followed by Sri Lanka (X tons), making up an 8.6% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +13.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene in primary forms importing markets in Southern Asia were Bangladesh ($X), India ($X) and Sri Lanka ($X), together comprising 97% of total imports.

In terms of the main importing countries, India, with a CAGR of +11.3%, 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

In 2021, the import price in Southern Asia amounted to $X per ton, jumping by 44% against the previous year. Over the period under review, the import price, however, saw a slight decline. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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