Price for Styrene Polymers; Waste, Parings and Scrap in Malaysia - 2024

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Malaysia (CIF) - 2024
2. Price for Styrene Polymers; Waste, Parings and Scrap in Malaysia (FOB) - 2022
3. Imports of Styrene Polymers; Waste, Parings and Scrap in Malaysia
4. Exports of Styrene Polymers; Waste, Parings and Scrap in Malaysia

Price for Styrene Polymers; Waste, Parings and Scrap in Malaysia (CIF) - 2024

In January 2024, the average import price for styrene polymers; waste, parings and scraps amounted to $503 per ton, picking up by 3.9% against the previous month. Overall, the import price posted a temperate expansion. The growth pace was the most rapid in December 2023 when the average import price increased by 132% month-to-month. The import price peaked at $680 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Belgium ($517 per ton), while the price for Canada ($441 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+22.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for styrene polymers; waste, parings and scraps stood at $574 per ton in 2022, picking up by 30% against the previous year. Over the period under review, the export price, however, saw a pronounced setback. Over the period under review, the average export prices reached the peak figure at $974 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($1,503 per ton), while the average price for exports to Indonesia ($369 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 Spain (+31.7%), while the prices for the other major destinations experienced a decline.

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

After two years of decline, overseas purchases of styrene polymers; waste, parings and scraps increased by 797% to 17K tons in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of styrene polymers; waste, parings and scraps skyrocketed to $3.6M in 2022. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Spain (13.0K tons)
2. Canada (2.5K tons)
3. United States (1.0K tons)
4. Japan (0.3K tons)
5. United Kingdom (0.2K tons)
6. Germany (0.2K tons)
7. Belgium (0.1K tons)

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

For the third year in a row, Malaysia recorded decline in shipments abroad of styrene polymers; waste, parings and scraps, which decreased by -75.1% to 862 tons in 2022. Overall, exports saw a precipitous curtailment. The smallest decline of -45.6% was in 2020.

In value terms, exports of styrene polymers; waste, parings and scraps reduced notably to $495K in 2022. In general, exports saw a precipitous slump. The smallest decline of -43.4% was in 2020.

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

1. Indonesia (399.5 tons)
2. Hong Kong SAR (253.6 tons)
3. South Korea (179.7 tons)
4. Spain (26.5 tons)

Source: IndexBox Market Intelligence Platform