China - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPolystyrene Price in China - 2023
Contents:
- Polystyrene Price in China (CIF) - 2023
- Polystyrene Price in China (FOB) - 2023
- Polystyrene Imports in China
- Polystyrene Exports in China
Polystyrene Price in China (CIF) - 2023
In September 2023, the average polystyrene import price amounted to $1,103 per ton, picking up by 5.3% against the previous month. Overall, the import price, however, showed a mild decline. The import price peaked at $1,237 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,214 per ton), while the price for Vietnam ($491 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Russia (+3.8%), while the prices for the other major suppliers experienced a decline.
Polystyrene Price in China (FOB) - 2023
The average polystyrene export price stood at $1,177 per ton in August 2023, shrinking by -3.4% against the previous month. Over the period under review, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in March 2023 an increase of 2.3% against the previous month. The export price peaked at $1,680 per ton in September 2022; however, from October 2022 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In August 2023, the countries with the highest prices were Turkey ($1,394 per ton) and Saudi Arabia ($1,343 per ton), while the average price for exports to the United Arab Emirates ($1,114 per ton) and South Korea ($1,141 per ton) were amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-0.5%), while the prices for the other major destinations experienced a decline.
Polystyrene Imports in China
In 2022, purchases abroad of polystyrene decreased by -24.3% to 905K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 3.8%. As a result, imports attained the peak of 1.4M tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, polystyrene imports dropped significantly to $1.2B in 2022. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. As a result, imports reached the peak of $1.6B, and then fell remarkably in the following year.
| Import of Polystyrene in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 239 | 177 | 220 | 205 | -5.0% |
| South Korea | 151 | 138 | 192 | 157 | 1.3% |
| Japan | 127 | 114 | 152 | 122 | -1.3% |
| Thailand | 89.5 | 71.7 | 86.0 | 47.5 | -19.0% |
| Indonesia | 22.1 | 21.0 | 30.0 | 29.2 | 9.7% |
| Russia | 6.4 | 6.9 | 0.3 | 21.2 | 49.1% |
| Philippines | 17.3 | 6.4 | 8.0 | 11.3 | -13.2% |
| Vietnam | 45.0 | 35.3 | 27.1 | 10.6 | -38.2% |
| Singapore | 124 | 104 | 34.5 | 3.7 | -69.0% |
| Hong Kong SAR | 211 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 425 | N/A | N/A | N/A | 0% |
| Iran | 51.7 | 67.6 | 25.8 | N/A | -29.4% |
| Others | 79.4 | 694 | 840 | 565 | 92.3% |
| Total | 1,589 | 1,436 | 1,615 | 1,173 | -9.6% |
Top Suppliers of Polystyrene to China in 2022:
- Malaysia (202.5K tons)
- South Korea (110.8K tons)
- Japan (95.0K tons)
- Thailand (42.2K tons)
- Indonesia (32.8K tons)
- Russia (18.7K tons)
- Philippines (13.7K tons)
- Vietnam (10.6K tons)
- Singapore (2.1K tons)
Polystyrene Exports in China
In 2022, approx. 394K tons of polystyrene were exported from China; surging by 75% compared with 2021 figures. Overall, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, polystyrene exports surged to $671M in 2022. Over the period under review, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Polystyrene in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 42.0 | 38.1 | 69.8 | 86.3 | 27.1% |
| Thailand | 26.2 | 16.6 | 23.7 | 43.7 | 18.6% |
| Saudi Arabia | 9.2 | 7.6 | 10.8 | 33.2 | 53.4% |
| South Korea | 36.2 | 26.4 | 22.1 | 30.1 | -6.0% |
| Mexico | 7.6 | 3.3 | 12.1 | 27.6 | 53.7% |
| Italy | 0.1 | 0.1 | 2.2 | 24.8 | 528.3% |
| Russia | 10.4 | 6.6 | 14.8 | 24.5 | 33.1% |
| Chile | 16.2 | 12.0 | 19.0 | 23.2 | 12.7% |
| Egypt | 6.4 | 3.2 | 7.6 | 22.1 | 51.1% |
| Philippines | 9.6 | 4.6 | 14.7 | 22.0 | 31.8% |
| India | 3.6 | 2.0 | 5.0 | 22.0 | 82.8% |
| Brazil | 24.5 | 13.4 | 9.7 | 17.9 | -9.9% |
| Algeria | 7.5 | 5.8 | 7.1 | 15.8 | 28.2% |
| Others | 192 | 112 | 161 | 277 | 13.0% |
| Total | 392 | 252 | 380 | 671 | 19.6% |
Top Export Markets for Polystyrene from China in 2022:
- Vietnam (52.6K tons)
- Thailand (26.7K tons)
- Saudi Arabia (21.6K tons)
- South Korea (20.4K tons)
- Chile (14.5K tons)
- India (14.4K tons)
- Russia (14.1K tons)
- Egypt (13.7K tons)
- Italy (12.9K tons)
- Mexico (12.7K tons)
- Brazil (11.9K tons)
- Philippines (11.9K tons)
- Algeria (10.4K tons)
This report provides an in-depth analysis of the polystyrene market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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