U.S. - Styrene - Market Analysis, Forecast, Size, Trends And Insights
Styrene Price per Ton May 2022
U.S. Styrene Export Price per Ton May 2022
In May 2022, the styrene price per ton amounted to $1,680 (FOB, US), standing approx. at the previous month. Over the last four-month period, it increased at an average monthly rate of +6.9%. The pace of growth was the most pronounced in Apr 2022 when the average export price increased by 17% against the previous month. The export price peaked in May 2022.
Average prices varied noticeably for the major export markets. In May 2022, the highest price was recorded for prices to Colombia ($1,919 per ton) and Bahamas ($1,731 per ton), while the average price for exports to Mexico ($1,639 per ton) and Brazil ($1,660 per ton) were amongst the lowest.
From Jan 2022 to May 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Styrene Exports
In May 2022, approx. 81K tons of styrene were exported from The United States; shrinking by -21.7% on Apr 2022 figures. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in Mar 2022 with an increase of 64% against the previous month. The exports peaked at 126K tons in Jan 2022; however, from Feb 2022 to May 2022, the exports remained at a lower figure.
In value terms, styrene exports fell significantly to $136M (IndexBox estimates) in May 2022. Overall, exports recorded a pronounced downturn. The growth pace was the most rapid in Mar 2022 with an increase of 71% against the previous month. Over the period under review, the exports hit record highs at $172M in Apr 2022, and then contracted sharply in the following month.
U.S. Styrene Exports by Country
Mexico (57K tons) was the main destination for styrene exports from The United States, accounting for a 71% share of total exports. Moreover, styrene exports to Mexico exceeded the volume sent to the second major destination, Bahamas (7.8K tons), sevenfold. The third position in this ranking was taken by Colombia (5.9K tons), with a 7.3% share.
From Jan 2022 to May 2022, the average monthly rate of growth in terms of volume to Mexico amounted to -5.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bahamas (+0.3% per month) and Colombia (-3.4% per month).
In value terms, Mexico ($94M) remains the key foreign market for styrene exports from The United States, comprising 69% of total exports. The second position in the ranking was taken by Bahamas ($13M), with a 9.9% share of total exports. It was followed by Colombia, with an 8.3% share.
From Jan 2022 to May 2022, the average monthly rate of growth in terms of value to Mexico amounted to +1.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bahamas (+23.6% per month) and Colombia (+5.9% per month).
This report provides an in-depth analysis of the styrene market in the U.S.. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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