China - Polystyrene In Primary Forms (Excluding Expansible Polystyrene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polystyrene in Primary Forms in China - 2023
Contents:
- Price for Polystyrene in Primary Forms in China (CIF) - 2023
- Price for Polystyrene in Primary Forms in China (FOB) - 2022
- Imports of Polystyrene in Primary Forms in China
- Exports of Polystyrene in Primary Forms in China
Price for Polystyrene in Primary Forms in China (CIF) - 2023
In June 2023, the average polystyrene in primary forms import price amounted to $1,079 per ton, which is down by -3.2% against the previous month. In general, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 2% month-to-month. Over the period under review, average import prices hit record highs at $1,357 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,208 per ton), while the price for the Philippines ($723 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (-1.1%), while the prices for the other major suppliers experienced a decline.
Price for Polystyrene in Primary Forms in China (FOB) - 2022
In 2022, the average polystyrene in primary forms export price amounted to $2,002 per ton, reducing by -12% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 35%. The export price peaked at $2,317 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($2,750 per ton), while the average price for exports to Brazil ($1,520 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 South Africa (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polystyrene in Primary Forms in China
In 2022, overseas purchases of polystyrene in primary forms (excluding expansible polystyrene) decreased by -23.7% to 890K tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 6.3%. As a result, imports attained the peak of 1.3M tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, polystyrene in primary forms imports dropped dramatically to $1.1B in 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, imports attained the peak of $1.6B, and then reduced rapidly in the following year.
| Import of Polystyrene in Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 232 | 177 | 219 | 205 | -4.0% |
| South Korea | 142 | 133 | 184 | 151 | 2.1% |
| Japan | 118 | 108 | 147 | 119 | 0.3% |
| Thailand | 87.2 | 70.9 | 85.7 | 47.5 | -18.3% |
| Indonesia | 22.1 | 21.0 | 29.9 | 29.2 | 9.7% |
| Russia | 6.4 | 6.5 | 0.3 | 21.2 | 49.1% |
| Philippines | 15.1 | 6.3 | 7.9 | 11.2 | -9.5% |
| Singapore | 124 | 104 | 34.5 | 3.7 | -69.0% |
| Hong Kong SAR | 211 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 408 | N/A | N/A | N/A | 0% |
| Others | 135 | 755 | 846 | 546 | 59.3% |
| Total | 1,500 | 1,382 | 1,554 | 1,134 | -8.9% |
Top Suppliers of Polystyrene in Primary Forms to China in 2022:
- Malaysia (202.4K tons)
- South Korea (107.2K tons)
- Japan (93.7K tons)
- Thailand (42.2K tons)
- Indonesia (32.8K tons)
- Russia (18.7K tons)
- Philippines (13.5K tons)
- Singapore (2.1K tons)
Exports of Polystyrene in Primary Forms in China
For the fourth year in a row, China recorded growth in overseas shipments of polystyrene in primary forms (excluding expansible polystyrene), which increased by 71% to 119K tons in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, polystyrene in primary forms exports skyrocketed to $239M in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Polystyrene in Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 12.5 | 19.1 | 35.4 | 49.6 | 58.3% |
| India | 3.0 | 1.2 | 2.2 | 21.9 | 94.0% |
| Mexico | 1.1 | 1.5 | 10.4 | 19.8 | 162.1% |
| Philippines | 8.1 | 3.8 | 12.6 | 17.1 | 28.3% |
| Russia | 0.3 | 0.6 | 4.3 | 16.8 | 282.6% |
| Thailand | 14.3 | 12.3 | 15.3 | 14.8 | 1.2% |
| Indonesia | 0.9 | 4.3 | 6.1 | 9.5 | 119.4% |
| Egypt | 1.2 | 1.6 | 2.6 | 9.3 | 97.9% |
| Malaysia | 8.0 | 8.5 | 6.0 | 5.4 | -12.3% |
| South Africa | 1.0 | 1.0 | 2.7 | 5.2 | 73.2% |
| Brazil | 0.5 | 0.2 | 2.0 | 3.9 | 98.3% |
| Dominican Republic | 1.2 | 1.7 | 2.8 | 3.0 | 35.7% |
| Others | 32.1 | 35.3 | 56.3 | 62.6 | 24.9% |
| Total | 84.3 | 91.0 | 159 | 239 | 41.5% |
Top Export Markets for Polystyrene in Primary Forms from China in 2022:
- Vietnam (27.4K tons)
- India (14.3K tons)
- Russia (9.3K tons)
- Philippines (8.6K tons)
- Mexico (7.9K tons)
- Thailand (6.9K tons)
- Egypt (5.3K tons)
- Indonesia (3.5K tons)
- Brazil (2.5K tons)
- Malaysia (2.1K tons)
- South Africa (1.9K tons)
- Dominican Republic (1.8K tons)
This report provides an in-depth analysis of the market for polystyrene in primary forms 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 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
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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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In 2021-2022, China plans to add a new production capacity for styrene and polystyrenes. This could turn China from the world’s largest importer of those products into an exporter. Completion may be delayed due to electricity disruptions caused by increasing energy prices and regulations to reduce CO2 emissions. Despite the ban on single-use packaging, consumption of polystyrene in China will steadfastly grow, driven by a high demand for plastics in the construction, automotive and other industries.
