Report Update: May 1, 2024

Indonesia - Expansible Polystyrene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Expansible Polystyrene Price in Indonesia - 2022

Expansible Polystyrene Price in Indonesia (CIF) - 2022

The average expansible polystyrene import price stood at $2,041 per ton in March 2022, which is down by -10.1% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2021 an increase of 11% m-o-m. Over the period under review, average import prices attained the maximum at $2,271 per ton in February 2022, and then declined in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($3,068 per ton), while the price for Taiwan (Chinese) ($1,586 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Expansible Polystyrene Price in Indonesia (FOB) - 2022

The average expansible polystyrene export price stood at $2,431 per ton in March 2022, falling by -6.8% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2021 when the average export price increased by 29% against the previous month. Over the period under review, the average export prices attained the maximum at $3,050 per ton in January 2022; however, from February 2022 to March 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In March 2022, the country with the highest price was the Philippines ($2,431 per ton), while the average price for exports to Brazil totaled $2,134 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+0.9%).

Expansible Polystyrene Imports in Indonesia

In 2022, imports of expansible polystyrene in primary forms into Indonesia contracted slightly to 42K tons, dropping by -2.1% compared with 2021. In general, imports saw a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year.

In value terms, expansible polystyrene imports surged to $97M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Expansible Polystyrene in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	14.4	11.7	23.2	27.1	23.5%
Singapore	17.2	15.4	22.1	25.9	14.6%
Japan	15.3	18.0	17.1	20.0	9.3%
China	9.7	2.2	3.1	5.6	-16.7%
South Korea	2.2	1.8	3.9	4.5	26.9%
Thailand	4.9	2.7	3.3	4.1	-5.8%
Vietnam	3.1	2.1	3.2	3.8	7.0%
India	2.4	0.9	1.7	2.0	-5.9%
Others	4.3	2.0	3.9	4.4	0.8%
Total	73.6	56.8	81.5	97.4	9.8%

Top Suppliers of Expansible Polystyrene to Indonesia in 2022:

Taiwan (Chinese) (13.9K tons)
Japan (8.5K tons)
Singapore (6.6K tons)
China (3.5K tons)
Thailand (2.5K tons)
Vietnam (2.1K tons)
South Korea (2.0K tons)
India (0.9K tons)

Expansible Polystyrene Exports in Indonesia

In 2022, shipments abroad of expansible polystyrene in primary forms decreased by -57.1% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,117%. As a result, the exports reached the peak of 3.4K tons, and then declined notably in the following year.

In value terms, expansible polystyrene exports declined sharply to $4M in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,415% against the previous year. As a result, the exports reached the peak of $8M, and then shrank rapidly in the following year.

Export of Expansible Polystyrene in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Philippines	1.8	3.0	7,202	3,683	1169.5%
Singapore	89.2	253	381	195	29.8%
Hong Kong SAR	19.0	233	212	108	78.5%
China	41.3	25.8	24.0	15.3	-28.2%
Vietnam	N/A	N/A	104	N/A	0%
Brazil	N/A	N/A	89.7	N/A	0%
Others	119	14.5	6.6	20.4	-44.4%
Total	270	529	8,019	4,022	146.1%

Top Export Markets for Expansible Polystyrene from Indonesia in 2022:

Philippines (1337.2 tons)
Singapore (74.1 tons)
Hong Kong SAR (29.2 tons)
China (12.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the expansible polystyrene market in Indonesia. 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

Country coverage:

Indonesia

Data coverage:

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

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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
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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