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

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

After two years of growth, the Spanish polystyrene in primary forms market decreased by -60.5% to $X in 2021. In general, consumption showed a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank significantly in the following year.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Spain

In value terms, polystyrene in primary forms production reduced notably to $X in 2021 estimated in export price. Overall, production recorded a dramatic slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Spain

In 2021, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 66% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, polystyrene in primary forms exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), France (X tons) and Italy (X tons) were the main destinations of polystyrene in primary forms exports from Spain, together comprising 74% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +56.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Malaysia ($X) constituted the largest markets for polystyrene in primary forms exported from Spain worldwide, with a combined 66% share of total exports. Morocco, Belgium, Germany, Portugal, Turkey, Hong Kong SAR, Algeria and Greece lagged somewhat behind, together accounting for a further 28%.

Belgium, with a CAGR of +46.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polystyrene in primary forms export price amounted to $X per ton, picking up by 36% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 60% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, 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 Greece ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Spain

Polystyrene in primary forms imports into Spain reached X tons in 2021, increasing by 8.4% compared with the previous year. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 93%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, polystyrene in primary forms imports soared to $X in 2021. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest polystyrene in primary forms supplier to Spain, with a 58% share of total imports. Moreover, polystyrene in primary forms imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.6% per year) and Italy (-4.5% per year).

In value terms, France ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Spain, comprising 58% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.0% per year) and Italy (-3.8% per year).

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, picking up by 61% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Italy ($X per ton), while the price for Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :