Thailand - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPolystyrene Price in Thailand - 2023
Contents:
- Polystyrene Price in Thailand (FOB) - 2023
- Polystyrene Price in Thailand (CIF) - 2023
- Polystyrene Exports in Thailand
- Polystyrene Imports in Thailand
Polystyrene Price in Thailand (FOB) - 2023
In September 2023, the average polystyrene export price amounted to $793 per ton, remaining relatively unchanged against the previous month. Overall, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 115% month-to-month. As a result, the export price attained the peak level of $1,823 per ton. From February 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($1,317 per ton), while the average price for exports to China ($506 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 Australia (-0.0%), while the prices for the other major destinations experienced a decline.
Polystyrene Price in Thailand (CIF) - 2023
In September 2023, the average polystyrene import price amounted to $1,577 per ton, picking up by 4.9% against the previous month. In general, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 5.4% m-o-m. Over the period under review, average import prices hit record highs at $1,858 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 ($3,593 per ton), while the price for South Korea ($764 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 Japan (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Polystyrene Exports in Thailand
In 2022, shipments abroad of polystyrene decreased by -14% to 119K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, the exports reached the peak of 148K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, polystyrene exports fell markedly to $127M in 2022. Overall, exports showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of $154M, and then shrank rapidly in the following year.
| Export of Polystyrene in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.8 | 54.2 | 56.6 | 31.2 | -22.8% |
| Indonesia | 11.5 | 8.4 | 18.3 | 16.0 | 11.6% |
| Vietnam | 25.8 | 29.7 | 28.9 | 15.3 | -16.0% |
| Philippines | 8.3 | 5.5 | 11.3 | 12.1 | 13.4% |
| Cambodia | 5.9 | 5.0 | 6.5 | 8.0 | 10.7% |
| Japan | 5.6 | 3.3 | 5.1 | 6.0 | 2.3% |
| Australia | 1.4 | 0.9 | 3.0 | 4.0 | 41.9% |
| Myanmar | 0.3 | 0.7 | 1.9 | 3.7 | 131.0% |
| Turkey | 0.2 | N/A | N/A | 3.5 | 159.6% |
| Malaysia | 0.9 | 1.3 | 3.6 | 3.3 | 54.2% |
| Bangladesh | 1.9 | 0.9 | 2.0 | 2.6 | 11.0% |
| Others | 14.1 | 11.3 | 17.0 | 21.6 | 15.3% |
| Total | 144 | 121 | 154 | 127 | -4.1% |
Top Export Markets for Polystyrene from Thailand in 2022:
- China (51.4K tons)
- Vietnam (11.3K tons)
- Indonesia (11.1K tons)
- Philippines (9.1K tons)
- Cambodia (5.4K tons)
- Japan (3.8K tons)
- Australia (2.9K tons)
- Myanmar (2.8K tons)
- Turkey (2.5K tons)
- Malaysia (2.4K tons)
- Bangladesh (1.9K tons)
Polystyrene Imports in Thailand
Polystyrene imports into Thailand shrank slightly to 70K tons in 2022, dropping by -3.1% on the year before. The total import volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports reached the peak of 72K tons, and then shrank slightly in the following year.
In value terms, polystyrene imports contracted to $132M in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, imports attained the peak of $146M, and then dropped in the following year.
| Import of Polystyrene in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 25.8 | 28.5 | 55.7 | 44.2 | 19.7% |
| China | 21.5 | 15.7 | 22.7 | 44.1 | 27.1% |
| Japan | 11.7 | 11.4 | 17.6 | 15.9 | 10.8% |
| Vietnam | 4.0 | 5.9 | 8.8 | 11.2 | 40.9% |
| Malaysia | 6.9 | 8.3 | 14.5 | 10.3 | 14.3% |
| Singapore | 5.1 | 6.3 | 9.7 | 2.1 | -25.6% |
| South Korea | 2.5 | 0.8 | 6.3 | 1.9 | -8.7% |
| Others | 6.6 | 5.0 | 10.6 | 1.9 | -34.0% |
| Total | 84.0 | 82.0 | 146 | 132 | 16.3% |
Top Suppliers of Polystyrene to Thailand in 2022:
- China (25.0K tons)
- Taiwan (Chinese) (24.3K tons)
- Vietnam (6.6K tons)
- Malaysia (5.6K tons)
- Japan (5.0K tons)
- South Korea (2.0K tons)
- Singapore (1.0K tons)
This report provides an in-depth analysis of the polystyrene market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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