United Kingdom: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in the UK

In 2021, the UK expansible polystyrene market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Production in the UK

In value terms, expansible polystyrene production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 50% against the previous year. Expansible polystyrene production peaked at $X in 2020, and then contracted in the following year.

Expansible Polystyrene Exports

Exports from the UK

In 2021, shipments abroad of expansible polystyrene in primary forms was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, expansible polystyrene exports dropped rapidly to $X in 2021. In general, exports, however, saw a pronounced downturn. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for expansible polystyrene exports from the UK, with a 34% share of total exports. Moreover, expansible polystyrene exports to Malaysia exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was held by Pakistan (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia totaled +161.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+31.1% per year) and Pakistan (0.0% per year).

In value terms, the largest markets for expansible polystyrene exported from the UK were Malaysia ($X), Faroe Islands ($X) and Finland ($X), with a combined 35% share of total exports.

Finland, with a CAGR of +136.0%, 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

The average expansible polystyrene export price stood at $X per ton in 2021, waning by -38.8% against the previous year. In general, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of 20% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($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 Ireland (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Expansible Polystyrene Imports

Imports into the UK

In 2021, after two years of decline, there was significant growth in supplies from abroad of expansible polystyrene in primary forms, when their volume increased by 43% to X tons. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. 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.

In value terms, expansible polystyrene imports soared to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest expansible polystyrene supplier to the UK, accounting for a 46% share of total imports. Moreover, expansible polystyrene imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+16.9% per year) and the Netherlands (-10.4% per year).

In value terms, Germany ($X) constituted the largest supplier of expansible polystyrene in primary forms to the UK, comprising 48% of total imports. The second position in the ranking was held by Finland ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+16.2% per year) and the Netherlands (-9.5% per year).

Import Prices by Country

The average expansible polystyrene import price stood at $X per ton in 2021, picking up by 49% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Norway ($X per ton) and Belgium ($X per ton), while the price for Finland ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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