Southern Asia: Polystyrene Market 2024

Polystyrene Market Size in Southern Asia

The South Asian polystyrene market rose slightly to $X in 2022, with an increase of X% against the previous year. In general, consumption recorded prominent growth. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Polystyrene Production in Southern Asia

In value terms, polystyrene production totaled $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Polystyrene Exports

Exports in Southern Asia

In 2022, exports of polystyrene in Southern Asia stood at X tons, approximately mirroring the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, polystyrene exports amounted to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan was the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by India (X tons), achieving a X% share of total exports.

Pakistan was also the fastest-growing in terms of the polystyrene exports, with a CAGR of X% from 2012 to 2022. India (X%) illustrated a downward trend over the same period. Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Pakistan ($X) remains the largest polystyrene supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Pakistan amounted to X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Polystyrene Imports

Imports in Southern Asia

In 2022, the amount of polystyrene imported in Southern Asia stood at X tons, stabilizing at the previous year. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, polystyrene imports amounted to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons) and Bangladesh (X tons) dominates imports structure, together constituting X% of total imports. It was distantly followed by Sri Lanka (X tons), constituting a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), together comprising X% of total imports.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform