Hong Kong SAR, China - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPolystyrene Price in Hong Kong SAR - 2023
Contents:
- Polystyrene Price in Hong Kong SAR (FOB) - 2023
- Polystyrene Price in Hong Kong SAR (CIF) - 2022
- Polystyrene Exports in Hong Kong SAR
- Polystyrene Imports in Hong Kong SAR
Polystyrene Price in Hong Kong SAR (FOB) - 2023
The average polystyrene export price stood at $1,418 per ton in September 2023, dropping by -8.7% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in July 2023 an increase of 14% m-o-m. The export price peaked at $1,553 per ton in August 2023, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($2,068 per ton), while the average price for exports to Malaysia ($418 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Polystyrene Price in Hong Kong SAR (CIF) - 2022
The average polystyrene import price stood at $1,592 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 28%. The import price peaked at $1,917 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,572 per ton), while the price for Canada ($712 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Polystyrene Exports in Hong Kong SAR
In 2022, shipments abroad of polystyrene decreased by -27.2% to 212K tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 7.9% against the previous year. As a result, the exports attained the peak of 294K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, polystyrene exports dropped rapidly to $285M in 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports reached the peak of $458M, and then fell markedly in the following year.
| Export of Polystyrene in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 351 | 348 | 446 | 275 | -7.8% |
| Others | 8.1 | 7.0 | 11.5 | 10.6 | 9.4% |
| Total | 359 | 355 | 458 | 285 | -7.4% |
Top Export Markets for Polystyrene from Hong Kong SAR in 2022:
- China (204.2K tons)
Polystyrene Imports in Hong Kong SAR
Polystyrene imports into Hong Kong SAR declined sharply to 30K tons in 2022, waning by -60% compared with the previous year's figure. In general, imports showed a sharp shrinkage. The smallest decline of -4.6% was in 2021.
In value terms, polystyrene imports contracted markedly to $48M in 2022. Overall, imports faced a precipitous decrease. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year.
| Import of Polystyrene in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 67.6 | 40.3 | 47.9 | 20.6 | -32.7% |
| United States | 7.8 | 8.9 | 11.3 | 6.7 | -4.9% |
| South Korea | 8.6 | 8.9 | 15.8 | 5.9 | -11.8% |
| Japan | 7.1 | 4.8 | 6.9 | 3.7 | -19.5% |
| China | 7.6 | 8.0 | 7.7 | 3.4 | -23.5% |
| Thailand | 4.2 | 4.1 | 9.0 | 2.5 | -15.9% |
| Malaysia | 4.2 | 2.5 | 3.2 | 1.1 | -36.0% |
| Canada | 0.3 | 0.4 | 0.7 | 1.0 | 49.4% |
| Singapore | 8.0 | 3.8 | 5.0 | 0.3 | -66.5% |
| Saudi Arabia | 11.6 | 8.6 | 5.2 | N/A | -33.0% |
| Others | 7.7 | 6.8 | 6.4 | 2.8 | -28.6% |
| Total | 135 | 97.1 | 119 | 48.1 | -29.1% |
Top Suppliers of Polystyrene to Hong Kong SAR in 2022:
- Taiwan (Chinese) (13.6K tons)
- South Korea (3.8K tons)
- Japan (2.7K tons)
- United States (2.6K tons)
- Thailand (1.8K tons)
- Canada (1.4K tons)
- China (1.4K tons)
- Malaysia (0.9K tons)
- Singapore (0.2K tons)
This report provides an in-depth analysis of the polystyrene market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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
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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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