Price for Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR - 2023
Contents:
- Price for Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR (CIF) - 2023
- Price for Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR (FOB) - 2022
- Imports of Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR
- Exports of Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR
Price for Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for styrene polymers; waste, parings and scraps amounted to $237 per ton, which is down by -34.6% against the previous month. Overall, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in January 2023 an increase of 37% m-o-m. As a result, import price attained the peak level of $449 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Togo ($412 per ton), while the price for the United States ($128 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+95.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $436 per ton, surging by 50% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. Over the period under review, the average export prices reached the maximum at $658 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($456 per ton), while the average price for exports to Taiwan (Chinese) ($289 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 China (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR
Imports of styrene polymers; waste, parings and scraps into Hong Kong SAR declined markedly to 3.1K tons in 2022, shrinking by -66% on the previous year's figure. Over the period under review, imports showed a sharp curtailment. The smallest decline of -22.5% was in 2020.
In value terms, imports of styrene polymers; waste, parings and scraps declined notably to $1.3M in 2022. In general, imports saw a dramatic downturn. The smallest decline of -43.2% was in 2020.
| Import of Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,411 | 1,126 | 445 | 181 | -62.4% |
| Mexico | 1,665 | 1,644 | 499 | 133 | -56.9% |
| Malaysia | 306 | 91.3 | 12.1 | 97.2 | -31.8% |
| Japan | 2,366 | 1,083 | 210 | 96.3 | -65.6% |
| Australia | 193 | 148 | 39.5 | 83.7 | -24.3% |
| Germany | 1,608 | 3,228 | 792 | 79.2 | -63.3% |
| Togo | N/A | N/A | N/A | 71.4 | 0% |
| France | 275 | 5.3 | 5.6 | 67.8 | -37.3% |
| Italy | 203 | 21.6 | 15.0 | 57.0 | -34.5% |
| Portugal | 118 | 67.7 | 33.5 | 51.9 | -24.0% |
| Taiwan (Chinese) | 61.8 | 61.2 | 42.9 | 39.4 | -13.9% |
| United Kingdom | 2,159 | 551 | 96.9 | 33.6 | -75.0% |
| Belgium | 1,728 | 528 | 199 | 20.4 | -77.2% |
| Others | 2,924 | 1,115 | 940 | 272 | -54.7% |
| Total | 17,017 | 9,670 | 3,330 | 1,283 | -57.8% |
Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Hong Kong SAR in 2022:
- United States (381.3 tons)
- Italy (340.2 tons)
- Germany (294.1 tons)
- Mexico (241.8 tons)
- France (223.6 tons)
- Australia (208.3 tons)
- Japan (191.1 tons)
- Malaysia (152.6 tons)
- Taiwan (Chinese) (125.4 tons)
- Togo (112.6 tons)
- United Kingdom (111.3 tons)
- Portugal (104.9 tons)
- Belgium (50.7 tons)
Exports of Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR
In 2022, overseas shipments of styrene polymers; waste, parings and scraps were finally on the rise to reach 1.9K tons after two years of decline. Overall, exports, however, saw a dramatic decrease.
In value terms, exports of styrene polymers; waste, parings and scraps skyrocketed to $821K in 2022. In general, exports, however, continue to indicate a dramatic shrinkage.
| Export of Styrene Polymers; Waste, Parings and Scrap in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2,685 | 2,637 | 192 | 742 | -34.9% |
| Thailand | 265 | 1,092 | 156 | 40.8 | -46.4% |
| Taiwan (Chinese) | 50.5 | 32.5 | 8.0 | 29.3 | -16.6% |
| Malaysia | 1,463 | 741 | 59.2 | 8.9 | -81.7% |
| Others | 192 | 80.6 | N/A | N/A | -58.0% |
| Total | 4,655 | 4,583 | 416 | 821 | -43.9% |
Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Hong Kong SAR in 2022:
- Vietnam (1627.7 tons)
- Thailand (135.8 tons)
- Taiwan (Chinese) (101.4 tons)
- Malaysia (19.5 tons)
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