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

Contents:

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

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

The average export price for styrene polymers; waste, parings and scraps stood at $1,533 per ton in 2022, with an increase of 50% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2021 an increase of 99% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +11.8% per year.

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

In 2022, the average import price for styrene polymers; waste, parings and scraps amounted to $419 per ton, rising by 14% against the previous year. Overall, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs at $770 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.7% per year.

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

In 2022, overseas shipments of styrene polymers; waste, parings and scraps decreased by -24.2% to 4.7K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2020 when exports increased by 7.5% against the previous year. As a result, the exports attained the peak of 13K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of styrene polymers; waste, parings and scraps rose significantly to $7.3M in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (4.7K tons)

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

In 2022, approx. 2.3K tons of styrene polymers; waste, parings and scraps were imported into Mexico; growing by 19% compared with the previous year. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 31%. As a result, imports reached the peak of 4.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of styrene polymers; waste, parings and scraps soared to $962K in 2022. Overall, imports, however, recorded a dramatic decline.

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

1. United States (2.3K tons)

Source: IndexBox Market Intelligence Platform