Singapore - 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 Singapore - 2022
Contents:
- Price for Polystyrene in Primary Forms in Singapore (FOB) - 2022
- Price for Polystyrene in Primary Forms in Singapore (CIF) - 2022
- Exports of Polystyrene in Primary Forms in Singapore
- Imports of Polystyrene in Primary Forms in Singapore
Price for Polystyrene in Primary Forms in Singapore (FOB) - 2022
The average polystyrene in primary forms export price stood at $2,195 per ton in September 2022, dropping by -7.4% against the previous month. Over the period from September 2021 to September 2022, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in January 2022 when the average export price increased by 44% month-to-month. The export price peaked at $2,716 per ton in June 2022; however, from July 2022 to September 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($3,929 per ton), while the average price for exports to Malaysia ($1,934 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Polystyrene in Primary Forms in Singapore (CIF) - 2022
The average polystyrene in primary forms import price stood at $1,843 per ton in 2022, falling by -7.4% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $2,557 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,800 per ton), while the price for Taiwan (Chinese) ($1,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polystyrene in Primary Forms in Singapore
For the third consecutive year, Singapore recorded decline in overseas shipments of polystyrene in primary forms (excluding expansible polystyrene), which decreased by -30.2% to 72K tons in 2022. Over the period under review, exports saw a dramatic decrease. The smallest decline of -9.5% was in 2020.
In value terms, polystyrene in primary forms exports reduced sharply to $122M in 2022. In general, exports continue to indicate a precipitous descent. The smallest decline of -20.1% was in 2021.
| Export of Polystyrene in Primary Forms in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 36.9 | 28.5 | 39.2 | 28.0 | -8.8% |
| Malaysia | 21.5 | 25.6 | 34.6 | 26.6 | 7.4% |
| Philippines | 13.6 | 7.2 | 9.8 | 12.3 | -3.3% |
| United States | 8.0 | 6.4 | 7.2 | 7.6 | -1.7% |
| Australia | 8.0 | 6.0 | 9.0 | 7.3 | -3.0% |
| Egypt | 6.6 | 3.5 | 4.0 | 6.8 | 1.0% |
| Bangladesh | 6.0 | 2.3 | 10.9 | 6.7 | 3.7% |
| United Arab Emirates | 0.3 | 0.4 | 1.5 | 5.4 | 162.1% |
| China | 137 | 106 | 26.6 | 4.5 | -68.0% |
| South Africa | 9.9 | 5.9 | 5.8 | 2.8 | -34.4% |
| India | 3.3 | 1.5 | 3.1 | 2.0 | -15.4% |
| Sri Lanka | 0.8 | 0.5 | 2.1 | 2.0 | 35.7% |
| Vietnam | 9.5 | 5.5 | 5.0 | 1.4 | -47.2% |
| Others | 22.9 | 17.1 | 13.9 | 8.8 | -27.3% |
| Total | 284 | 216 | 173 | 122 | -24.5% |
Top Export Markets for Polystyrene in Primary Forms from Singapore in 2022:
- Malaysia (17.4K tons)
- Indonesia (16.9K tons)
- Philippines (7.6K tons)
- Australia (4.0K tons)
- Bangladesh (3.8K tons)
- China (3.3K tons)
- Egypt (3.2K tons)
- United Arab Emirates (3.2K tons)
- United States (3.1K tons)
- South Africa (1.5K tons)
- India (1.2K tons)
- Sri Lanka (1.1K tons)
- Vietnam (0.8K tons)
Imports of Polystyrene in Primary Forms in Singapore
Polystyrene in primary forms imports into Singapore was estimated at 8.3K tons in 2022, with an increase of 6.9% against 2021. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 120%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, polystyrene in primary forms imports dropped to $15M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 205% against the previous year. As a result, imports reached the peak of $15M, leveling off in the following year.
| Import of Polystyrene in Primary Forms in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.3 | 1.8 | 4.7 | 4.4 | 24.1% |
| Japan | 0.7 | 0.9 | 2.0 | 2.9 | 60.6% |
| Taiwan (Chinese) | 1.5 | 1.2 | 4.1 | 2.2 | 13.6% |
| Sweden | 0.2 | 0.3 | 1.3 | 1.7 | 104.1% |
| South Korea | N/A | N/A | 0.7 | 1.5 | 114.3% |
| United States | 0.6 | 0.1 | 0.3 | 1.2 | 26.0% |
| China | 0.3 | 0.1 | 0.6 | 0.5 | 18.6% |
| Thailand | 0.3 | 0.1 | 0.4 | 0.3 | 0.0% |
| Belgium | 0.1 | 0.3 | 1.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.3 | 0.3 | 0.5 | 35.7% |
| Total | 6.3 | 5.1 | 15.4 | 15.3 | 34.4% |
Top Suppliers of Polystyrene in Primary Forms to Singapore in 2022:
- Malaysia (2702.8 tons)
- Japan (1601.2 tons)
- Taiwan (Chinese) (1332.2 tons)
- Sweden (928.8 tons)
- South Korea (789.5 tons)
- United States (259.9 tons)
- Thailand (172.8 tons)
- China (154.3 tons)
- Belgium (35.5 tons)
This report provides an in-depth analysis of the market for polystyrene in primary forms in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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