Overview of the Global Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

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

After two years of decline, the global polystyrene in primary forms market increased by 5.3% to $X in 2021. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

In value terms, polystyrene in primary forms production expanded notably to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 13% against the previous year. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports

In 2021, the amount of polystyrene in primary forms (excluding expansible polystyrene) exported worldwide was estimated at X tons, approximately mirroring the previous year. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Over the period under review, the global exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, polystyrene in primary forms exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The global exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Taiwan (Chinese) (X tons), Belgium (X tons), France (X tons), Hong Kong SAR (X tons), Malaysia (X tons), the United States (X tons), South Korea (X tons), Japan (X tons), Italy (X tons), Germany (X tons), Thailand (X tons) and Saudi Arabia (X tons), together finishing at 71% of total export. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Iran (with a CAGR of +57.5%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest polystyrene in primary forms supplying countries worldwide were Belgium ($X), Taiwan (Chinese) ($X) and France ($X), together comprising 33% of global exports. Hong Kong SAR, the United States, Malaysia, Italy, South Korea, Germany, Japan, Saudi Arabia, Iran and Thailand lagged somewhat behind, together comprising a further 40%.

In terms of the main exporting countries, Iran, with a CAGR of +59.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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, jumping by 40% against the previous year. Overall, the export price, however, showed a slight contraction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+1.0%), while the other global leaders experienced more modest paces of growth.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports

In 2021, approx. X tons of polystyrene in primary forms (excluding expansible polystyrene) were imported worldwide; remaining constant against the year before. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 9.8% against the previous year. Over the period under review, global imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, polystyrene in primary forms imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Global imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the key importer of polystyrene in primary forms (excluding expansible polystyrene), comprising 30% of total imports. Malaysia (X tons) took the second position in the ranking, followed by Germany (X tons). All these countries together took approx. 10% share of total imports. Italy (X tons), Vietnam (X tons), Turkey (X tons), Mexico (X tons), Spain (X tons), the United States (X tons), Canada (X tons), the UK (X tons), Poland (X tons) and Hong Kong SAR (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to polystyrene in primary forms imports into China stood at +3.0%. At the same time, Malaysia (+13.2%), Spain (+8.0%), Vietnam (+5.4%), the UK (+4.2%), the United States (+3.4%), Mexico (+2.4%) and Poland (+1.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +13.2% from 2012-2021. Germany and Canada experienced a relatively flat trend pattern. By contrast, Italy (-2.6%), Turkey (-8.7%) and Hong Kong SAR (-11.9%) illustrated a downward trend over the same period. China (+5.4 p.p.) and Malaysia (+3.5 p.p.) significantly strengthened its position in terms of the global imports, while Hong Kong SAR and Turkey saw its share reduced by -4% and -4.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polystyrene in primary forms (excluding expansible polystyrene) worldwide, comprising 25% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.7% share of global imports. It was followed by Italy, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Germany (-0.0% per year) and Italy (-2.6% per year).

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, jumping by 42% against the previous year. Overall, the import price, however, showed a slight descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+1.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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