South-Eastern Asia: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in South-Eastern Asia

The Southeast Asian market for cellular plates, sheets and films of polyymers of styrene rose remarkably to $X in 2023, with an increase of X% against the previous year. Overall, consumption enjoyed a prominent expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in South-Eastern Asia

In value terms, production of cellular plates, sheets and films of polyymers of styrene expanded markedly to $X in 2023 estimated in export price. In general, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports in South-Eastern Asia

In 2023, approx. X tons of cellular plates, sheets and films of polyymers of styrene were exported in South-Eastern Asia; picking up by X% against 2022 figures. Total exports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2023. Total exports indicated tangible 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Malaysia (X tons) represented the largest exporter of cellular plates, sheets and films of polyymers of styrene, creating X% of total exports. Vietnam (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%), Indonesia (X%) and Singapore (X%).

From 2012 to 2023, average annual rates of growth with regard to polystyrene cellular plates, sheets and films exports from Malaysia stood at X%. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, the largest polystyrene cellular plates, sheets and films supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Vietnam ($X), with a combined X% share of total exports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports in South-Eastern Asia

In 2023, supplies from abroad of cellular plates, sheets and films of polyymers of styrene was finally on the rise to reach X tons after three years of decline. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports of reached the maximum at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene surged to $X in 2023. Total imports indicated a prominent expansion 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 decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

The Philippines (X tons), Malaysia (X tons), Vietnam (X tons) and Myanmar (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Indonesia (X tons), comprising a X% share of total imports. The following importers - Singapore (X tons) and Thailand (X tons) - each finished at an X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene cellular plates, sheets and films importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and the Philippines ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Overall, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform