New Zealand - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

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

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Polystyrene Price in New Zealand - 2023

Contents:

  1. Polystyrene Price in New Zealand (CIF) - 2022
  2. Polystyrene Price in New Zealand (FOB) - 2022
  3. Polystyrene Imports in New Zealand
  4. Polystyrene Exports in New Zealand

Polystyrene Price in New Zealand (CIF) - 2022

In 2022, the average polystyrene import price amounted to $2,012 per ton, picking up by 15% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polystyrene import price increased by +71.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 50% against the previous year. The import price peaked at $2,051 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($2,336 per ton) and Indonesia ($2,131 per ton), while the price for Thailand ($1,800 per ton) and China ($1,826 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Polystyrene Price in New Zealand (FOB) - 2022

In 2022, the average polystyrene export price amounted to $553 per ton, declining by -13.3% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of 140% against the previous year. As a result, the export price attained the peak level of $4,815 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,580 per ton), while the average price for exports to Malaysia ($391 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+77.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polystyrene Imports in New Zealand

In 2022, approx. 15K tons of polystyrene were imported into New Zealand; dropping by -11.3% compared with 2021. Over the period under review, imports saw a slight decline. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, imports attained the peak of 17K tons, and then contracted in the following year.

In value terms, polystyrene imports rose modestly to $30M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 75%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Polystyrene in New Zealand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea9.07.813.015.820.6%
Taiwan (Chinese)5.64.49.16.86.7%
China1.30.40.83.437.8%
Thailand3.72.42.11.0-35.3%
Hong Kong SARN/AN/A0.61.066.7%
Singapore2.41.32.70.8-30.7%
Indonesia0.20.30.80.535.7%
Others0.30.30.50.626.0%
Total22.516.929.630.110.2%

Top Suppliers of Polystyrene to New Zealand in 2022:

  1. South Korea (7.6K tons)
  2. Taiwan (Chinese) (3.6K tons)
  3. China (1.9K tons)
  4. Thailand (0.6K tons)
  5. Singapore (0.4K tons)
  6. Hong Kong SAR (0.4K tons)
  7. Indonesia (0.2K tons)

Polystyrene Exports in New Zealand

In 2022, the amount of polystyrene exported from New Zealand skyrocketed to 2.2K tons, increasing by 45% compared with the previous year. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 222%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, polystyrene exports soared to $1.2M in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 359%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Export of Polystyrene in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndonesiaN/AN/A298816173.8%
Malaysia16713626622310.1%
Hong Kong SAR15.92.320.098.683.7%
China10.80.76.375.891.5%
South Korea20110.9N/AN/A-94.6%
SingaporeN/A17.9303N/A1592.7%
Others93.947.794.725.6-35.2%
Total4882159881,24036.5%

Top Export Markets for Polystyrene from New Zealand in 2022:

  1. Indonesia (1418.5 tons)
  2. Malaysia (571.7 tons)
  3. Hong Kong SAR (193.7 tons)
  4. China (48.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polystyrene market in New Zealand. 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:

  • New Zealand

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in New Zealand
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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