South Africa - Polystyrene In Primary Forms (Excluding Expansible Polystyrene) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

South Africa - 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 South Africa - 2023

Contents:

  1. Price for Polystyrene in Primary Forms in South Africa (CIF) - 2022
  2. Price for Polystyrene in Primary Forms in South Africa (FOB) - 2023
  3. Imports of Polystyrene in Primary Forms in South Africa
  4. Exports of Polystyrene in Primary Forms in South Africa

Price for Polystyrene in Primary Forms in South Africa (CIF) - 2022

In 2022, the average polystyrene in primary forms import price amounted to $1,928 per ton, growing by 12% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polystyrene in primary forms import price increased by +58.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, average import prices reached the peak figure at $1,974 per ton in 2013; however, from 2014 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 China ($2,998 per ton), while the price for Japan ($1,126 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polystyrene in Primary Forms in South Africa (FOB) - 2023

In July 2023, the average polystyrene in primary forms export price amounted to $1,524 per ton, which is down by -21.6% against the previous month. Overall, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 107% against the previous month. As a result, the export price attained the peak level of $3,859 per ton. From September 2022 to July 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Zambia ($4,208 per ton), while the average price for exports to Malaysia ($618 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 Botswana (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polystyrene in Primary Forms in South Africa

In 2022, the amount of polystyrene in primary forms (excluding expansible polystyrene) imported into South Africa fell to 38K tons, which is down by -11.1% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of 42K tons, and then dropped in the following year.

In value terms, polystyrene in primary forms imports declined modestly to $73M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 81% against the previous year. As a result, imports reached the peak of $73M, leveling off in the following year.

Import of Polystyrene in Primary Forms in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)16.29.612.824.514.8%
Brazil5.57.019.913.033.2%
China4.31.41.28.023.0%
Belgium7.03.18.03.9-17.7%
France1.13.55.13.547.1%
Japan0.20.41.73.1149.3%
South Korea2.22.62.53.010.9%
Singapore6.06.711.62.9-21.5%
Thailand2.01.11.32.710.5%
Italy1.91.51.81.6-5.6%
PakistanN/AN/A0.31.2300.0%
Saudi Arabia1.60.81.51.1-11.7%
Spain3.5N/AN/AN/A0%
Others3.22.45.34.310.4%
Total54.740.273.072.79.9%

Top Suppliers of Polystyrene in Primary Forms to South Africa in 2022:

  1. Taiwan (Chinese) (13.4K tons)
  2. Brazil (7.6K tons)
  3. China (2.7K tons)
  4. Japan (2.7K tons)
  5. Belgium (1.9K tons)
  6. South Korea (1.9K tons)
  7. France (1.4K tons)
  8. Thailand (1.4K tons)
  9. Singapore (1.3K tons)
  10. Pakistan (0.8K tons)
  11. Italy (0.6K tons)
  12. Saudi Arabia (0.5K tons)

Exports of Polystyrene in Primary Forms in South Africa

In 2022, approx. 1.2K tons of polystyrene in primary forms (excluding expansible polystyrene) were exported from South Africa; surging by 12% on 2021. In general, exports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 23%. As a result, the exports attained the peak of 1.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, polystyrene in primary forms exports stood at $2.3M in 2022. The total export value increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Export of Polystyrene in Primary Forms in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Zimbabwe19165371756843.8%
Namibia32922231653617.7%
Lesotho10410611632446.1%
Botswana564319232259-22.8%
Zambia16811691.41680.0%
Swaziland15610187.9137-4.2%
Mozambique19.837.813210674.9%
Malaysia10.126.831.372.893.2%
Hong Kong SAR10139326.3N/A-49.0%
Others78.566.451417530.6%
Total1,7222,0412,2642,34510.8%

Top Export Markets for Polystyrene in Primary Forms from South Africa in 2022:

  1. Namibia (266.1 tons)
  2. Botswana (235.9 tons)
  3. Zimbabwe (222.6 tons)
  4. Lesotho (134.4 tons)
  5. Malaysia (101.3 tons)
  6. Zambia (64.3 tons)
  7. Swaziland (58.9 tons)
  8. Mozambique (57.5 tons)

Source: IndexBox Market Intelligence Platform

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

  • South Africa

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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