MERCOSUR: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2024

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in MERCOSUR

The MERCOSUR polystyrene in primary forms market rose significantly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2023.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in MERCOSUR

In value terms, polystyrene in primary forms production amounted to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports in MERCOSUR

In 2023, shipments abroad of polystyrene in primary forms (excluding expansible polystyrene) decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, polystyrene in primary forms exports fell dramatically to $X in 2023. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then reduced sharply in the following year.

Exports by Country

Brazil (X tons) and Colombia (X tons) prevails in exports structure, together mixing up X% of total exports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X), Colombia ($X) and Argentina ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports in MERCOSUR

In 2023, the amount of polystyrene in primary forms (excluding expansible polystyrene) imported in MERCOSUR surged to X tons, with an increase of X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, polystyrene in primary forms imports amounted to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Brazil represented the main importing country with an import of about X tons, which reached X% of total imports. Ecuador (X tons) took the second position in the ranking, followed by Peru (X tons), Colombia (X tons), Chile (X tons) and Venezuela (X tons). All these countries together took approx. X% share of total imports. Uruguay (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the polystyrene in primary forms (excluding expansible polystyrene) imports, with a CAGR of X% from 2012 to 2023. At the same time, Ecuador (X%), Venezuela (X%) and Colombia (X%) displayed positive paces of growth. By contrast, Uruguay (X%), Peru (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil and Ecuador increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported polystyrene in primary forms (excluding expansible polystyrene) in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

In Brazil, polystyrene in primary forms imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Peru (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Venezuela ($X per ton) and Colombia ($X per ton), while Uruguay ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform