Republic of Korea - 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 South Korea - 2022
Contents:
- Price for Polystyrene in Primary Forms in South Korea (FOB) - 2022
- Price for Polystyrene in Primary Forms in South Korea (CIF) - 2022
- Exports of Polystyrene in Primary Forms in South Korea
- Imports of Polystyrene in Primary Forms in South Korea
Price for Polystyrene in Primary Forms in South Korea (FOB) - 2022
In December 2022, the average polystyrene in primary forms export price amounted to $1,192 per ton, declining by -2.2% against the previous month. In general, the export price recorded a mild contraction. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 38% against the previous month. As a result, the export price reached the peak level of $1,955 per ton. From August 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In December 2022, the highest price was recorded for prices to India ($1,462 per ton) and Poland ($1,428 per ton), while the average price for exports to China ($1,003 per ton) and Japan ($1,162 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Polystyrene in Primary Forms in South Korea (CIF) - 2022
The average polystyrene in primary forms import price stood at $1,876 per ton in 2022, shrinking by -3.1% against the previous year. In general, the import price saw a mild shrinkage. The pace of growth was the most pronounced in 2021 an increase of 26%. Over the period under review, average import prices hit record highs at $2,134 per ton in 2012; however, from 2013 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 ($6,653 per ton), while the price for Singapore ($522 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polystyrene in Primary Forms in South Korea
In 2022, shipments abroad of polystyrene in primary forms (excluding expansible polystyrene) decreased by -10.8% to 171K 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 +4.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year.
In value terms, polystyrene in primary forms exports reduced to $230M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +41.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $246M, and then shrank in the following year.
| Export of Polystyrene in Primary Forms in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.8 | 63.0 | 86.0 | 63.7 | 8.6% |
| Vietnam | 16.3 | 15.9 | 18.1 | 28.1 | 19.9% |
| Mexico | 15.0 | 13.3 | 20.0 | 20.8 | 11.5% |
| Turkey | 10.8 | 7.1 | 14.2 | 15.4 | 12.6% |
| Bangladesh | 8.7 | 7.4 | 12.9 | 15.1 | 20.2% |
| Indonesia | 8.3 | 7.6 | 15.5 | 13.4 | 17.3% |
| United States | 6.9 | 5.7 | 2.5 | 10.1 | 13.5% |
| India | 0.3 | 3.7 | 8.3 | 9.0 | 210.7% |
| Egypt | 6.9 | 7.2 | 13.0 | 6.4 | -2.5% |
| Poland | 4.2 | 3.8 | 6.0 | 6.4 | 15.1% |
| Germany | 0.1 | 0.2 | 0.2 | 6.1 | 293.6% |
| Japan | 0.3 | 1.4 | 0.2 | 3.1 | 117.8% |
| Russia | 7.4 | 7.2 | 14.6 | 2.9 | -26.8% |
| Others | 29.7 | 19.4 | 34.6 | 29.3 | -0.5% |
| Total | 165 | 163 | 246 | 230 | 11.7% |
Top Export Markets for Polystyrene in Primary Forms from South Korea in 2022:
- China (53.6K tons)
- Vietnam (19.8K tons)
- Mexico (13.9K tons)
- Bangladesh (11.7K tons)
- Turkey (10.4K tons)
- Indonesia (9.6K tons)
- United States (6.8K tons)
- India (6.0K tons)
- Germany (4.5K tons)
- Poland (4.3K tons)
- Egypt (4.1K tons)
- Japan (2.6K tons)
- Russia (1.9K tons)
Imports of Polystyrene in Primary Forms in South Korea
In 2022, purchases abroad of polystyrene in primary forms (excluding expansible polystyrene) increased by 23% to 5.8K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a dramatic descent.
In value terms, polystyrene in primary forms imports surged to $11M in 2022. Overall, imports, however, showed a drastic downturn.
| Import of Polystyrene in Primary Forms in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.9 | 3.5 | 2.6 | 3.2 | -13.2% |
| Taiwan (Chinese) | 1.4 | 2.5 | 2.4 | 2.5 | 21.3% |
| United States | 3.1 | 1.6 | 1.4 | 2.0 | -13.6% |
| Vietnam | N/A | 0.6 | N/A | 0.6 | 0.0% |
| Indonesia | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
| Malaysia | 0.6 | N/A | 0.1 | 0.3 | -20.6% |
| Philippines | N/A | N/A | N/A | 0.2 | 0% |
| Sweden | 2.9 | N/A | N/A | N/A | 0% |
| Mexico | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Singapore | 3.9 | 0.3 | N/A | N/A | -92.3% |
| Australia | 0.5 | 0.1 | N/A | N/A | -80.0% |
| Others | 2.3 | 2.0 | 2.0 | 1.7 | -9.6% |
| Total | 20.2 | 11.1 | 9.1 | 10.9 | -18.6% |
Top Suppliers of Polystyrene in Primary Forms to South Korea in 2022:
- Singapore (undefined tons)
- Japan (1560.6 tons)
- Taiwan (Chinese) (1473.9 tons)
- United States (774.0 tons)
- Vietnam (504.9 tons)
- Indonesia (484.0 tons)
- Malaysia (265.5 tons)
- Philippines (244.1 tons)
- Australia (28.7 tons)
- Sweden (2.8 tons)
- Mexico (2.5 tons)
This report provides an in-depth analysis of the market for polystyrene in primary forms in Republic of Korea. 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 Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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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