Report Update Nov 1, 2024

United Kingdom - Styrene - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

United Kingdom: Styrene Market 2024

Styrene Market Size in the UK

In 2021, the UK styrene market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a abrupt decline. Styrene consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Styrene Exports

Exports from the UK

In 2021, exports of styrene from the UK soared to X tons, increasing by 47% against the year before. Overall, exports, however, saw a precipitous decline. The growth pace was the most rapid in 2015 with an increase of 1,020%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, styrene exports rose sharply to $X in 2021. In general, exports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2015 when exports increased by 776%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for styrene exports from the UK, with a 83% share of total exports. Moreover, styrene exports to the United Arab Emirates exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. The third position in this ranking was taken by Ireland (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +65.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+50.4% per year) and Ireland (-29.3% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for styrene exports from the UK, comprising 66% of total exports. The second position in the ranking was taken by Germany ($X), with a 27% share of total exports. It was followed by Ireland, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+32.0% per year) and Ireland (-31.1% per year).

Export Prices by Country

The average styrene export price stood at $X per ton in 2021, waning by -24% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 301%. The export price peaked 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 Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Belgium (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene Imports

Imports into the UK

In 2021, purchases abroad of styrene was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a abrupt setback. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, styrene imports surged to $X in 2021. In general, imports, however, saw a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of styrene to the UK, accounting for a 87% share of total imports. Moreover, styrene imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.9% per year) and Belgium (+46.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of styrene to the UK, comprising 84% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Belgium, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.8% per year) and Belgium (+40.3% per year).

Import Prices by Country

The average styrene import price stood at $X per ton in 2021, increasing by 76% against the previous year. In general, the import price, however, showed a mild slump. The import price peaked 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 Germany ($X per ton), while the price for France ($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 (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 37% share of global consumption.

What are the largest producers of styrene in the world?

The countries with the highest volumes of in 2021 were the United States, China and Saudi Arabia, with a combined 35% share of global production.

What are the leading suppliers of styrene to the UK?

In value terms, the Netherlands constituted the largest supplier of styrene to the UK, comprising 84% of total imports. The second position in the ranking was occupied by Germany, with an 11% share of total imports.

What are the leading importers of styrene from the UK?

In value terms, Germany remains the key foreign market for styrene exports from the UK.

What is the average export price for styrene in the UK?

The average styrene export price stood at $817 per ton in 2021, which is down by -46.2% against the previous year.

What is the average import price for styrene in the UK?

The average styrene import price stood at $1,309 per ton in 2021, picking up by 72% against the previous year.

This report provides an in-depth analysis of the styrene market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141250 - Styrene

Country coverage:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023