Report Update: May 1, 2024

Japan - 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 Japan - 2023

Price for Polystyrene in Primary Forms in Japan (FOB) - 2023

The average polystyrene in primary forms export price stood at $1,029 per ton in July 2023, dropping by -9.9% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 20% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,265 per ton in January 2023; however, from February 2023 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Thailand ($1,968 per ton), while the average price for exports to Russia ($678 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average polystyrene in primary forms import price amounted to $1,743 per ton, with a decrease of -16.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 88% against the previous year. As a result, import price reached the peak level of $2,092 per ton, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,785 per ton), while the price for the UK ($1,395 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Polystyrene in Primary Forms in Japan

In 2022, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) decreased by -13.3% to 142K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. As a result, the exports reached the peak of 164K tons, and then contracted in the following year.

In value terms, polystyrene in primary forms exports declined notably to $165M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.9% 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 +32.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of $207M, and then fell notably in the following year.

Export of Polystyrene in Primary Forms in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	62.9	69.0	91.1	68.9	3.1%
Malaysia	23.3	17.1	25.1	28.3	6.7%
Vietnam	3.4	3.7	6.2	7.3	29.0%
Thailand	3.5	3.2	7.5	6.2	21.0%
Indonesia	2.1	3.3	2.8	3.4	17.4%
Russia	2.8	1.9	3.3	3.4	6.7%
Taiwan (Chinese)	3.2	3.1	4.4	2.5	-7.9%
Hong Kong SAR	3.4	2.6	4.4	2.5	-9.7%
Others	19.3	25.2	62.0	42.1	29.7%
Total	124	129	207	165	10.0%

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

China (74.6K tons)
Malaysia (36.9K tons)
Vietnam (7.2K tons)
Russia (4.2K tons)
Taiwan (Chinese) (2.6K tons)
Thailand (2.6K tons)
Indonesia (2.5K tons)
Hong Kong SAR (2.0K tons)

Imports of Polystyrene in Primary Forms in Japan

Polystyrene in primary forms imports into Japan skyrocketed to 4.8K tons in 2022, growing by 96% compared with 2021 figures. In general, imports continue to indicate buoyant growth.

In value terms, polystyrene in primary forms imports skyrocketed to $8.3M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Polystyrene in Primary Forms in Japan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	205	1,475	N/A	2,412	127.4%
Taiwan (Chinese)	1,799	2,404	389	1,342	-9.3%
Thailand	1,070	940	544	956	-3.7%
Singapore	27.1	252	61.7	656	189.3%
Malaysia	819	678	1,177	606	-9.6%
Vietnam	678	356	493	548	-6.8%
United Kingdom	105	123	716	368	51.9%
Others	1,215	1,144	1,705	1,415	5.2%
Total	5,916	7,373	5,086	8,303	12.0%

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

South Korea (1653.0 tons)
Taiwan (Chinese) (864.4 tons)
Thailand (564.3 tons)
Singapore (463.2 tons)
Malaysia (347.6 tons)
Vietnam (334.2 tons)
United Kingdom (263.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for polystyrene in primary forms in Japan. 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:

Japan

Data coverage:

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