Price for Styrene Polymers; Waste, Parings and Scrap in Sri Lanka - 2022

Contents:

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

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

The average import price for styrene polymers; waste, parings and scraps stood at $567 per ton in 2022, with an increase of 82% against the previous year. Overall, the import price, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 83%. As a result, import price attained the peak level of $1,167 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -4.4% per year.

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

The average export price for styrene polymers; waste, parings and scraps stood at $249 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 24% against the previous year. The export price peaked at $792 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -9.0% per year.

Imports of Styrene Polymers; Waste, Parings and Scrap in Sri Lanka

In 2022, overseas purchases of styrene polymers; waste, parings and scraps were finally on the rise to reach 94 tons after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt decrease.

In value terms, imports of styrene polymers; waste, parings and scraps surged to $53K in 2022. In general, imports, however, continue to indicate a abrupt curtailment.

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

1. United Kingdom (93.8 tons)

Exports of Styrene Polymers; Waste, Parings and Scrap in Sri Lanka

For the fourth year in a row, Sri Lanka recorded growth in overseas shipments of styrene polymers; waste, parings and scraps, which increased by 0.5% to 7.8 tons in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.1% 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 +60.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 37%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of styrene polymers; waste, parings and scraps totaled $1.9K in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. Hong Kong SAR (7.8 tons)

Source: IndexBox Market Intelligence Platform