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Mexico - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Mexico - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Oct 7, 2023

Price of Polystyrene Drops to $1,762 per Ton in Mexico

Mexico Polystyrene Import Price in June 2023

In June 2023, the polystyrene price amounted to $1,762 per ton (CIF, Mexico), reducing by -3.3% against the previous month. Overall, the import price saw a pronounced decline. The pace of growth was the most pronounced in August 2022 an increase of 6.3% against the previous month. As a result, import price attained the peak level of $2,566 per ton. From September 2022 to June 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from the United States ($1,950 per ton) and South Korea ($1,560 per ton), while the price for China ($1,378 per ton) and Taiwan (Chinese) ($1,487 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (-1.8%), while the prices for the other major suppliers experienced a decline.

Mexico Polystyrene Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Polystyrene in Mexico (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
United States2,5382,4992,7372,5312,3972,1612,1132,1162,0362,0342,0952,0461,950
South Korea1,9331,9651,9131,9222,2391,6271,5541,5561,5931,5781,5191,5891,560
Taiwan (Chinese)2,2492,1822,1922,0991,9791,8291,7491,5091,4481,5001,2541,5201,487
China6,5722,1631,9561,8251,3641,3981,2431,0869611,1851,1851,3201,378
Average2,4122,4132,5662,3872,3111,9561,8801,9051,7871,8121,8121,8221,762

Mexico Polystyrene Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In June 2023, the product with the highest price was expansible polystyrene in primary forms ($2,002 per ton), while the price for polystyrene in primary forms (excluding expansible polystyrene) amounted to $1,636 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by polystyrene in primary forms (-2.3%).

Mexico Polystyrene Imports

In June 2023, polystyrene imports into Mexico rose sharply to 18K tons, picking up by 8.6% against May 2023. The total import volume increased at an average monthly rate of +1.2% from June 2022 to June 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth was the most pronounced in March 2023 with an increase of 43% month-to-month. Imports peaked in June 2023.

In value terms, polystyrene imports expanded rapidly to $32M (IndexBox estimates) in June 2023. In general, imports, however, recorded a mild decline. The most prominent rate of growth was recorded in March 2023 with an increase of 45% m-o-m.

Mexico Polystyrene Imports by Type

Polystyrene in primary forms (excluding expansible polystyrene) (12K tons) and expansible polystyrene in primary forms (6.3K tons) were the main products of polystyrene imports to Mexico.

From June 2022 to June 2023, the biggest increases were in expansible polystyrene (with a CAGR of +1.3%).

In value terms, polystyrene in primary forms (excluding expansible polystyrene) ($20M) and expansible polystyrene in primary forms ($13M) constituted the most imported types of polystyrene in Mexico.

Mexico Polystyrene Imports by Country

In June 2023, the United States (11K tons) constituted the largest polystyrene supplier to Mexico, with a 61% share of total imports. Moreover, polystyrene imports from the United States exceeded the figures recorded by the second-largest supplier, China (3.1K tons), fourfold. The third position in this ranking was held by South Korea (2.7K tons), with a 15% share.

From June 2022 to June 2023, the average monthly growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+38.3% per month) and South Korea (-1.7% per month).

In value terms, the United States ($22M) constituted the largest supplier of polystyrene to Mexico, comprising 68% of total imports. The second position in the ranking was taken by China ($4.3M), with a 13% share of total imports. It was followed by South Korea, with a 13% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value from the United States amounted to -2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+21.4% per month) and South Korea (-3.4% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polystyrene market in Mexico. 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 20162035 - Expansible polystyrene, in primary forms
  • Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)

Country coverage:

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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