Price for Styrene Polymers; Waste, Parings and Scrap in the United States - 2024
Contents:
- Price for Styrene Polymers; Waste, Parings and Scrap in the United States (FOB) - 2024
- Price for Styrene Polymers; Waste, Parings and Scrap in the United States (CIF) - 2022
- Exports of Styrene Polymers; Waste, Parings and Scrap in the United States
- Imports of Styrene Polymers; Waste, Parings and Scrap in the United States
Price for Styrene Polymers; Waste, Parings and Scrap in the United States (FOB) - 2024
In December 2023, the average export price for styrene polymers; waste, parings and scraps amounted to $2,557 per ton, increasing by 179% against the previous month. Over the period under review, the export price posted a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Spain ($4,010 per ton), while the average price for exports to China ($337 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Styrene Polymers; Waste, Parings and Scrap in the United States (CIF) - 2022
The average import price for styrene polymers; waste, parings and scraps stood at $1,372 per ton in 2022, rising by 22% against the previous year. Over the period under review, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 52%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 Mexico ($1,540 per ton), while the price for Canada ($808 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Styrene Polymers; Waste, Parings and Scrap in the United States
For the third year in a row, the United States recorded decline in overseas shipments of styrene polymers; waste, parings and scraps, which decreased by -11.9% to 16K tons in 2022. Overall, exports continue to indicate a dramatic descent.
In value terms, exports of styrene polymers; waste, parings and scraps surged to $16M in 2022. In general, exports faced a abrupt shrinkage.
| Export of Styrene Polymers; Waste, Parings and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 8.4 | 7.1 | 6.1 | 8.9 | 1.9% |
| Netherlands | 0.2 | 0.4 | 0.6 | 2.9 | 143.8% |
| Mexico | 2.9 | 2.5 | 1.4 | 1.5 | -19.7% |
| Spain | 0.3 | 0.1 | 0.1 | 1.2 | 58.7% |
| Turkey | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Malaysia | 1.3 | 1.2 | 0.3 | 0.1 | -57.5% |
| South Korea | 2.1 | 1.4 | 0.4 | N/A | -56.4% |
| Hong Kong SAR | 2.1 | 0.1 | 0.4 | N/A | -56.4% |
| Senegal | 3.1 | 0.3 | N/A | N/A | -90.3% |
| Others | 3.5 | 1.7 | 1.2 | 0.6 | -44.4% |
| Total | 24.0 | 14.8 | 10.7 | 15.8 | -13.0% |
Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from the United States in 2022:
- Canada (8.4K tons)
- Netherlands (2.3K tons)
- Mexico (1.9K tons)
- Spain (1.2K tons)
- Turkey (0.7K tons)
- Hong Kong SAR (0.2K tons)
- Malaysia (0.1K tons)
Imports of Styrene Polymers; Waste, Parings and Scrap in the United States
Imports of styrene polymers; waste, parings and scraps into the United States shrank to 6.9K tons in 2022, waning by -6% on the year before. Over the period under review, imports faced a abrupt setback.
In value terms, imports of styrene polymers; waste, parings and scraps rose remarkably to $9.5M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Styrene Polymers; Waste, Parings and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 5.7 | 5.4 | 7.2 | 7.9 | 11.5% |
| Canada | 1.1 | 0.7 | 1.0 | 1.3 | 5.7% |
| United Arab Emirates | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.4 | 0.2 | 0.3 | -30.7% |
| Total | 8.2 | 6.4 | 8.3 | 9.5 | 5.0% |
Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to the United States in 2022:
- Mexico (5.1K tons)
- Canada (1.6K tons)
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