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

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

In 2021, the UK polystyrene in primary forms market was finally on the rise to reach $X for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.0% 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.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in the UK

In value terms, polystyrene in primary forms production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 95% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from the UK

In 2021, approx. X tons of polystyrene in primary forms (excluding expansible polystyrene) were exported from the UK; rising by 48% against 2020 figures. In general, exports, however, showed a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, polystyrene in primary forms exports soared to $X in 2021. Overall, exports, however, recorded a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Malaysia (X tons) and Belgium (X tons) were the main destinations of polystyrene in primary forms exports from the UK, with a combined 41% share 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 +76.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Malaysia ($X) and Belgium ($X) constituted the largest markets for polystyrene in primary forms exported from the UK worldwide, together comprising 44% of total exports. These countries were followed by the United States, Bangladesh, France, the Netherlands, Ireland, Hong Kong SAR, Sri Lanka, Italy, China and Turkey, which together accounted for a further 45%.

Among the main countries of destination, Sri Lanka, with a CAGR of +85.4%, saw the highest rates of growth with regard to the value of exports, 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, surging by 29% against the previous year. Over the period under review, the export price, however, showed a noticeable slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hong Kong SAR ($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 Sri Lanka (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into the UK

After four years of decline, purchases abroad of polystyrene in primary forms (excluding expansible polystyrene) increased by 58% to X tons in 2021. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polystyrene in primary forms imports surged to $X in 2021. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ireland (X tons), Belgium (X tons) and France (X tons) were the main suppliers of polystyrene in primary forms imports to the UK, with a combined 79% share of total imports. These countries were followed by Italy, Germany, Austria and Finland, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +45.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Belgium ($X) and France ($X) were the largest polystyrene in primary forms suppliers to the UK, with a combined 80% share of total imports. These countries were followed by Germany, Italy, Finland and Austria, which together accounted for a further 16%.

In terms of the main suppliers, Austria, with a CAGR of +43.0%, recorded 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

The average polystyrene in primary forms import price stood at $X per ton in 2021, jumping by 47% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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