Spain - Styrene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStyrene Price in Spain - 2023
Contents:
- Styrene Price in Spain (FOB) - 2023
- Styrene Price in Spain (CIF) - 2023
- Styrene Exports in Spain
- Styrene Imports in Spain
Styrene Price in Spain (FOB) - 2023
In August 2023, the average styrene export price amounted to $1,285 per ton, approximately mirroring the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average export price increased by 9.9% month-to-month. The export price peaked at $1,457 per ton in September 2022; however, from October 2022 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Greece ($1,563 per ton), while the average price for exports to Turkey ($1,011 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+1.5%), while the prices for the other major destinations experienced a decline.
Styrene Price in Spain (CIF) - 2023
In August 2023, the average styrene import price amounted to $1,306 per ton, increasing by 15% against the previous month. Over the period under review, the import price, however, recorded a pronounced slump. Over the period under review, average import prices attained the peak figure at $1,819 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($1,370 per ton), while the price for Belgium amounted to $1,265 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (-2.4%).
Styrene Exports in Spain
In 2022, approx. 358K tons of styrene were exported from Spain; with an increase of 8.6% against the previous year. The total export volume increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, styrene exports skyrocketed to $570M in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 95%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Styrene in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 114 | 92.4 | 193 | 193 | 19.2% |
Greece | 54.2 | 36.4 | 126 | 173 | 47.2% |
Netherlands | 1.8 | 12.0 | 8.4 | 63.4 | 227.8% |
Italy | 24.2 | 25.1 | 55.8 | 58.0 | 33.8% |
France | 8.5 | 14.5 | 33.8 | 51.6 | 82.4% |
Belgium | 4.4 | 23.3 | 1.1 | 16.7 | 56.0% |
China | 30.2 | 10.8 | 0.3 | 0.1 | -85.1% |
Others | 19.6 | 6.6 | 13.4 | 14.6 | -9.4% |
Total | 257 | 221 | 431 | 570 | 30.4% |
Top Export Markets for Styrene from Spain in 2022:
- Turkey (131.5K tons)
- Greece (103.7K tons)
- Netherlands (41.2K tons)
- Italy (31.2K tons)
- France (29.0K tons)
- Belgium (13.1K tons)
- China (0.1K tons)
Styrene Imports in Spain
For the third year in a row, Spain recorded decline in overseas purchases of styrene, which decreased by -14.5% to 4.6K tons in 2022. Over the period under review, imports saw a significant contraction.
In value terms, styrene imports reached $8.3M in 2022. In general, imports showed a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 20%.
Import of Styrene in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 2.2 | 4.2 | 4.9 | 5.2 | 33.2% |
Belgium | 2.4 | 2.5 | 3.1 | 3.0 | 7.7% |
United States | 3.5 | N/A | N/A | N/A | 0% |
France | 11.8 | N/A | 0.1 | N/A | -90.8% |
Saudi Arabia | 9.0 | N/A | N/A | N/A | 0% |
Others | 0.6 | N/A | 0.1 | N/A | -59.2% |
Total | 29.4 | 6.8 | 8.2 | 8.3 | -34.4% |
Top Suppliers of Styrene to Spain in 2022:
- United States (undefined tons)
- Netherlands (2977.6 tons)
- Belgium (1667.5 tons)
- France (0.2 tons)
This report provides an in-depth analysis of the styrene market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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