Price for Styrene Polymers; Waste, Parings and Scrap in Italy - 2023

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Italy (CIF) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in Italy (FOB) - 2023
3. Imports of Styrene Polymers; Waste, Parings and Scrap in Italy
4. Exports of Styrene Polymers; Waste, Parings and Scrap in Italy

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

The average import price for styrene polymers; waste, parings and scraps stood at $807 per ton in 2022, picking up by 7.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 22%. The import price peaked at $912 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($1,140 per ton), while the price for Slovenia ($467 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Styrene Polymers; Waste, Parings and Scrap in Italy (FOB) - 2023

In November 2023, the average export price for styrene polymers; waste, parings and scraps amounted to $529 per ton, waning by -15% against the previous month. In general, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in May 2023 when the average export price increased by 174% against the previous month. The export price peaked at $838 per ton in August 2023; however, from September 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was France ($1,454 per ton), while the average price for exports to Austria ($201 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 7K tons of styrene polymers; waste, parings and scraps were imported into Italy; increasing by 36% compared with the previous year. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.4% 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 +79.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of styrene polymers; waste, parings and scraps surged to $5.7M in 2022. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. France (3440.6 tons)
2. Germany (1027.8 tons)
3. Slovenia (935.4 tons)
4. Austria (463.0 tons)
5. Spain (278.5 tons)
6. Switzerland (213.4 tons)
7. Czech Republic (132.4 tons)

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

Exports of styrene polymers; waste, parings and scraps from Italy surged to 6.3K tons in 2022, picking up by 22% on the year before. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.6% 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 +76.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of styrene polymers; waste, parings and scraps surged to $2.2M in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 104% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

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

1. Austria (4037.0 tons)
2. Spain (1079.0 tons)
3. Germany (529.8 tons)
4. Ukraine (314.5 tons)
5. Turkey (127.1 tons)
6. Czech Republic (24.1 tons)

Source: IndexBox Market Intelligence Platform