Price for Styrene Polymers; Waste, Parings and Scrap in Ghana - 2022

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Ghana (FOB) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in Ghana (CIF) - 2022
3. Exports of Styrene Polymers; Waste, Parings and Scrap in Ghana
4. Imports of Styrene Polymers; Waste, Parings and Scrap in Ghana

Price for Styrene Polymers; Waste, Parings and Scrap in Ghana (FOB) - 2022

The average export price for styrene polymers; waste, parings and scraps stood at $789 per ton in 2022, rising by 151% against the previous year. Overall, the export price showed a pronounced increase. Over the period under review, the average export prices reached the peak figure at $890 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($910 per ton), while the average price for exports to Hong Kong SAR amounted to $470 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-2.9%).

Price for Styrene Polymers; Waste, Parings and Scrap in Ghana (CIF) - 2022

In 2022, the average import price for styrene polymers; waste, parings and scraps amounted to $646 per ton, surging by 19% against the previous year. In general, the import price recorded a tangible expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 107%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Togo amounted to +73.1% per year.

Exports of Styrene Polymers; Waste, Parings and Scrap in Ghana

In 2022, shipments abroad of styrene polymers; waste, parings and scraps decreased by -7.6% to 89 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 +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. As a result, the exports reached the peak of 96 tons, and then declined in the following year.

In value terms, exports of styrene polymers; waste, parings and scraps surged to $70K in 2022. Over the period under review, exports, however, posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Ghana in 2022:

1. Vietnam (64.6 tons)
2. Hong Kong SAR (24.5 tons)

Imports of Styrene Polymers; Waste, Parings and Scrap in Ghana

In 2022, approx. 49 tons of styrene polymers; waste, parings and scraps were imported into Ghana; falling by -17.1% on 2021. In general, imports saw a precipitous shrinkage.

In value terms, imports of styrene polymers; waste, parings and scraps shrank to $32K in 2022. Over the period under review, imports recorded a mild setback.

Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Ghana in 2022:

1. China (49.3 tons)

Source: IndexBox Market Intelligence Platform