United Kingdom: 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 the UK

The UK market for cellular plates, sheets and films of polyymers of styrene rose modestly to $X in 2022, increasing by 5% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in the UK

In value terms, production of cellular plates, sheets and films of polyymers of styrene contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period 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 2014 when the production volume increased by 36% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from the UK

In 2022, overseas shipments of cellular plates, sheets and films of polyymers of styrene decreased by -11.6% to X tons, falling for the eighth year in a row after three years of growth. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 5.7%. As a result, the exports reached the peak of X tons. From 2015 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 fell to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 27%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from the UK, with a combined 64% share of total exports. The Czech Republic, Sweden, Japan, France, Iceland, New Zealand, China, Germany, Spain and Poland lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +156.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polystyrene cellular plates, sheets and films exported from the UK were Ireland ($X), the United States ($X) and the Netherlands ($X), together comprising 55% of total exports. China, Iceland, Japan, Sweden, Germany, New Zealand, France, the Czech Republic, Spain and Poland lagged somewhat behind, together comprising a further 29%.

Iceland, with a CAGR of +116.5%, recorded the highest rates of growth with regard to the value of exports, among 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 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, growing by 7.1% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cellular plates, sheets and films of polyymers of styrene increased by +71.1% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 24%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Czech Republic ($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 Poland (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the UK

In 2022, purchases abroad of cellular plates, sheets and films of polyymers of styrene increased by 22% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 36%. Over the period under review, imports of reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of polystyrene cellular plates, sheets and films to the UK, accounting for a 39% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.3% per year) and Belgium (+2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to the UK, comprising 32% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.2% per year) and Belgium (-0.3% per year).

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, with an increase of 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2021 when the average import price increased by 19%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Egypt ($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 United States (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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