Philippines - 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 the Philippines - 2023
Contents:
- Price for Polystyrene in Primary Forms in the Philippines (CIF) - 2023
- Price for Polystyrene in Primary Forms in the Philippines (FOB) - 2022
- Imports of Polystyrene in Primary Forms in the Philippines
- Exports of Polystyrene in Primary Forms in the Philippines
Price for Polystyrene in Primary Forms in the Philippines (CIF) - 2023
In June 2023, the average polystyrene in primary forms import price amounted to $1,728 per ton, picking up by 17% against the previous month. Over the period under review, the import price, however, showed a slight decrease. Over the period under review, average import prices reached the peak figure at $2,031 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($5,543 per ton), while the price for Vietnam ($1,172 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polystyrene in Primary Forms in the Philippines (FOB) - 2022
In 2022, the average polystyrene in primary forms export price amounted to $1,047 per ton, dropping by -19.1% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 125%. Over the period under review, the average export prices attained the peak figure at $4,281 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($2,136 per ton), while the average price for exports to China ($878 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.0%), while the prices for the other major destinations experienced a decline.
Imports of Polystyrene in Primary Forms in the Philippines
In 2022, imports of polystyrene in primary forms (excluding expansible polystyrene) into the Philippines stood at 49K tons, surging by 9.8% on the previous year's figure. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.7% 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 +84.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 68%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, polystyrene in primary forms imports soared to $90M in 2022. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 120% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Polystyrene in Primary Forms in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 11.5 | 8.3 | 13.0 | 20.1 | 20.5% |
| China | 0.4 | 0.5 | 7.3 | 11.1 | 202.8% |
| Singapore | 13.2 | 6.5 | 7.4 | 10.2 | -8.2% |
| Indonesia | 4.3 | 2.5 | 15.5 | 10.2 | 33.4% |
| Taiwan (Chinese) | 3.8 | 3.9 | 7.6 | 9.3 | 34.8% |
| Thailand | 9.6 | 4.7 | 9.8 | 9.0 | -2.1% |
| Malaysia | 3.7 | 2.1 | 4.6 | 8.8 | 33.5% |
| Vietnam | 7.4 | 4.9 | 7.5 | 5.7 | -8.3% |
| Others | 2.9 | 0.9 | 2.4 | 6.0 | 27.4% |
| Total | 56.8 | 34.2 | 75.1 | 90.3 | 16.7% |
Top Suppliers of Polystyrene in Primary Forms to the Philippines in 2022:
- South Korea (8.8K tons)
- Taiwan (Chinese) (8.1K tons)
- Singapore (6.0K tons)
- Thailand (5.6K tons)
- China (5.2K tons)
- Indonesia (4.5K tons)
- Vietnam (4.4K tons)
- Malaysia (4.3K tons)
Exports of Polystyrene in Primary Forms in the Philippines
In 2022, approx. 4.9K tons of polystyrene in primary forms (excluding expansible polystyrene) were exported from the Philippines; waning by -46.6% on the previous year. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 9.2K tons, and then shrank notably in the following year.
In value terms, polystyrene in primary forms exports dropped significantly to $5.1M in 2022. Overall, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 37%.
| Export of Polystyrene in Primary Forms in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.6 | 6.3 | 9.2 | 3.6 | -30.2% |
| Taiwan (Chinese) | 2.3 | 2.3 | 2.6 | 1.3 | -17.3% |
| South Korea | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 13.0 | 8.7 | 11.9 | 5.1 | -26.8% |
Top Export Markets for Polystyrene in Primary Forms from the Philippines in 2022:
- China (4.1K tons)
- Taiwan (Chinese) (0.6K tons)
- South Korea (0.2K tons)
This report provides an in-depth analysis of the market for polystyrene in primary forms in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
- 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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