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

Contents:

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

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

In 2022, the average import price for styrene polymers; waste, parings and scraps amounted to $1,000 per ton, jumping by 22% against the previous year. Overall, the import price showed a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 110%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Japan ($1,014 per ton), while the price for Namibia amounted to $200 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $1,826 per ton, surging by 165% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 186%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($3,769 per ton), while the average price for exports to Nigeria amounted to $1,561 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+15.5%), while the prices for the other major destinations experienced a decline.

Imports of Styrene Polymers; Waste, Parings and Scrap in South Africa

Imports of styrene polymers; waste, parings and scraps into South Africa totaled 2.4K tons in 2022, picking up by 11% on 2021. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.9% 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 +72.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of styrene polymers; waste, parings and scraps surged to $2.4M in 2022. Over the period under review, imports posted a significant 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 South Africa in 2022:

1. Japan (2322.1 tons)
2. Namibia (37.9 tons)

Exports of Styrene Polymers; Waste, Parings and Scrap in South Africa

In 2022, approx. 8.6 tons of styrene polymers; waste, parings and scraps were exported from South Africa; falling by -70.1% compared with the previous year's figure. Overall, exports saw a dramatic downturn. The smallest decline of -40.2% was in 2020.

In value terms, exports of styrene polymers; waste, parings and scraps contracted dramatically to $16K in 2022. In general, exports continue to indicate a precipitous setback. The smallest decline of -17.1% was in 2021.

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

1. Nigeria (7.6 tons)
2. Zambia (1.0 tons)

Source: IndexBox Market Intelligence Platform