Report Update: May 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Polystyrene Price in Indonesia - 2022

Polystyrene Price in Indonesia (CIF) - 2022

The average polystyrene import price stood at $1,818 per ton in March 2022, leveling off at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in April 2021 an increase of 9.3% month-to-month. The import price peaked at $1,948 per ton in January 2022; however, from February 2022 to March 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($2,665 per ton), while the price for South Korea ($1,522 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 China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Polystyrene Price in Indonesia (FOB) - 2022

In March 2022, the average polystyrene export price amounted to $774 per ton, reducing by -3.6% against the previous month. In general, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in August 2021 an increase of 92% month-to-month. As a result, the export price reached the peak level of $1,247 per ton. From September 2021 to March 2022, the the average export prices remained at a lower figure.

There were significant differences in the average prices 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 China ($582 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+1.1%), while the prices for the other major destinations experienced a decline.

Polystyrene Imports in Indonesia

In 2022, the amount of polystyrene imported into Indonesia reduced to 104K tons, approximately reflecting the previous year. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 104K tons, leveling off in the following year.

In value terms, polystyrene imports surged to $215M in 2022. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Polystyrene in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	52.9	41.3	59.1	70.3	9.9%
Taiwan (Chinese)	15.4	12.4	26.9	31.6	27.1%
Thailand	10.6	8.6	21.9	26.4	35.5%
South Korea	11.6	10.7	20.0	23.9	27.2%
Japan	17.3	19.2	19.5	22.9	9.8%
Vietnam	7.1	4.6	12.1	14.5	26.9%
China	10.2	5.5	7.7	11.2	3.2%
Others	10.9	5.4	12.9	14.5	10.0%
Total	136	108	180	215	16.5%

Top Suppliers of Polystyrene to Indonesia in 2022:

Singapore (30.7K tons)
Taiwan (Chinese) (15.6K tons)
Thailand (14.2K tons)
South Korea (13.5K tons)
Japan (10.2K tons)
Vietnam (7.9K tons)
China (5.4K tons)

Polystyrene Exports in Indonesia

In 2022, polystyrene exports from Indonesia stood at 48K tons, picking up by 7% compared with 2021 figures. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 38%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, polystyrene exports reached $38M in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 71%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Polystyrene in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	14.2	18.4	23.6	26.9	23.7%
Philippines	0.1	0.3	8.0	4.6	258.3%
Malaysia	1.0	0.8	2.1	2.4	33.9%
Hong Kong SAR	1.3	1.5	1.7	1.8	11.5%
Vietnam	0.5	0.2	0.7	0.7	11.9%
Others	0.8	0.7	1.5	1.2	14.5%
Total	17.9	22.0	37.5	37.6	28.1%

Top Export Markets for Polystyrene from Indonesia in 2022:

China (41.1K tons)
Malaysia (2.2K tons)
Philippines (1.9K tons)
Hong Kong SAR (1.3K tons)
Vietnam (0.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the 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
Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)

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

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.

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