Report Update: May 1, 2024

Indonesia - Polystyrene In Primary Forms (Excluding Expansible Polystyrene) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Polystyrene in Primary Forms in Indonesia - 2022

Price for Polystyrene in Primary Forms in Indonesia (CIF) - 2022

In March 2022, the average polystyrene in primary forms import price amounted to $1,693 per ton, growing by 2.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in April 2021 an increase of 15% m-o-m. Over the period under review, average import prices reached the peak figure at $1,782 per ton in January 2022; however, from February 2022 to March 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was China ($3,083 per ton), while the price for South Korea ($1,433 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 (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polystyrene in Primary Forms in Indonesia (FOB) - 2022

The average polystyrene in primary forms export price stood at $667 per ton in March 2022, with a decrease of -5.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2021 when the average export price increased by 107% month-to-month. As a result, the export price reached the peak level of $1,157 per ton. From September 2021 to March 2022, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was Hong Kong SAR ($1,580 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 Vietnam (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polystyrene in Primary Forms in Indonesia

In 2022, approx. 62K tons of polystyrene in primary forms (excluding expansible polystyrene) were imported into Indonesia; therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, polystyrene in primary forms imports surged to $118M in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Import of Polystyrene in Primary Forms in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	35.7	25.9	37.0	44.4	7.5%
Thailand	5.7	5.9	18.5	22.3	57.6%
South Korea	9.4	8.9	16.1	19.4	27.3%
Vietnam	3.9	2.5	8.9	10.7	40.0%
Malaysia	3.7	2.4	6.2	7.5	26.6%
China	0.5	3.3	4.6	5.6	123.7%
Taiwan (Chinese)	1.0	0.7	3.7	4.5	65.1%
Japan	2.0	1.2	2.4	2.9	13.2%
Others	0.5	0.1	1.1	0.7	11.9%
Total	62.4	50.8	98.6	118	23.7%

Top Suppliers of Polystyrene in Primary Forms to Indonesia in 2022:

Singapore (24.0K tons)
Thailand (11.7K tons)
South Korea (11.5K tons)
Vietnam (5.8K tons)
Malaysia (3.7K tons)
China (2.0K tons)
Taiwan (Chinese) (1.7K tons)
Japan (1.7K tons)

Exports of Polystyrene in Primary Forms in Indonesia

For the fourth consecutive year, Indonesia recorded growth in shipments abroad of polystyrene in primary forms (excluding expansible polystyrene), which increased by 12% to 47K tons in 2022. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, polystyrene in primary forms exports expanded rapidly to $34M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.6% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 38%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Polystyrene in Primary Forms in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	14.1	18.4	23.5	26.9	24.0%
Malaysia	0.9	0.8	2.1	2.4	38.7%
Hong Kong SAR	1.3	1.3	1.5	1.7	9.4%
Vietnam	0.5	0.2	0.6	0.7	11.9%
South Korea	0.4	0.3	0.4	0.5	7.7%
Others	0.4	0.4	1.4	1.4	51.8%
Total	17.6	21.5	29.5	33.6	24.1%

Top Export Markets for Polystyrene in Primary Forms from Indonesia in 2022:

China (41.0K tons)
Malaysia (2.1K tons)
Hong Kong SAR (1.3K tons)
Vietnam (0.8K tons)
South Korea (0.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for polystyrene in primary forms 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 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
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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
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How to increase your profit margins
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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