Brazil - Styrene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStyrene Price in Brazil - 2023
Contents:
- Styrene Price in Brazil (CIF) - 2022
- Styrene Price in Brazil (FOB) - 2022
- Styrene Imports in Brazil
- Styrene Exports in Brazil
Styrene Price in Brazil (CIF) - 2022
The average styrene import price stood at $1,499 per ton in 2022, picking up by 18% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 67% against the previous year. The import price peaked at $1,606 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($1,733 per ton) and South Korea ($1,663 per ton), while the price for the United States ($1,397 per ton) and Taiwan (Chinese) ($1,602 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Styrene Price in Brazil (FOB) - 2022
In 2022, the average styrene export price amounted to $1,806 per ton, reducing by -1.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 114% against the previous year. The export price peaked at $1,925 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Paraguay ($2,398 per ton) and Chile ($2,022 per ton), while the average price for exports to Uruguay ($1,774 per ton) and Argentina ($1,798 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Styrene Imports in Brazil
In 2022, purchases abroad of styrene decreased by -11.6% to 185K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 22% against the previous year. As a result, imports reached the peak of 238K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, styrene imports expanded to $277M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Styrene in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 193 | 178 | 230 | 170 | -4.1% |
| China | N/A | N/A | 35.4 | 74.9 | 111.6% |
| Taiwan (Chinese) | N/A | N/A | N/A | 23.2 | 0% |
| South Korea | N/A | N/A | N/A | 7.9 | 0% |
| Others | 6.3 | 3.5 | 0.5 | 1.5 | -38.0% |
| Total | 200 | 181 | 266 | 277 | 11.5% |
Top Suppliers of Styrene to Brazil in 2022:
- United States (121.7K tons)
- China (43.2K tons)
- Taiwan (Chinese) (14.5K tons)
- South Korea (4.8K tons)
Styrene Exports in Brazil
In 2022, after three years of growth, there was significant decline in shipments abroad of styrene, when their volume decreased by -56.7% to 614 tons. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of 1.4K tons, and then contracted rapidly in the following year.
In value terms, styrene exports dropped rapidly to $1.1M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 280% against the previous year. As a result, the exports attained the peak of $2.6M, and then plummeted in the following year.
| Export of Styrene in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 73.7 | 248 | 895 | 978 | 136.8% |
| Paraguay | 23.1 | 40.6 | 69.9 | 62.6 | 39.4% |
| Argentina | 416 | 393 | 396 | 47.1 | -51.6% |
| Chile | 1.2 | N/A | 1,151 | 20.5 | 157.5% |
| Costa Rica | N/A | N/A | 96.9 | N/A | 0% |
| Others | 8.9 | 5.3 | 4.1 | 1.9 | -40.2% |
| Total | 523 | 687 | 2,613 | 1,110 | 28.5% |
Top Export Markets for Styrene from Brazil in 2022:
- Uruguay (551.0 tons)
- Argentina (26.2 tons)
- Paraguay (26.1 tons)
- Chile (10.1 tons)
This report provides an in-depth analysis of the styrene market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20141250 - Styrene
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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