Report World - Styrene - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 14, 2022

World - Styrene - Market Analysis, Forecast, Size, Trends and Insights

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Global Styrene Market 2022

Styrene Market Size

In 2021, the global styrene market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the global market remained at a somewhat lower figure.

Styrene Production

In value terms, styrene production rose to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2014 to 2021, global production growth remained at a lower figure.

Styrene Exports

Exports

In 2021, global exports of styrene dropped to X tons, waning by -4.6% against 2020. Overall, exports saw a slight contraction. The growth pace was the most rapid in 2019 when exports increased by 5.4%. The global exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, styrene exports surged to $X in 2021. Over the period under review, exports saw a perceptible downturn. Over the period under review, the global exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United States (X tons), the Netherlands (X tons) and Saudi Arabia (X tons), together recording 49% of total export. Singapore (X tons) held the next position in the ranking, followed by South Korea (X tons), Japan (X tons), Kuwait (X tons) and Canada (X tons). All these countries together held approx. 31% share of total exports.

From 2012 to 2021, the biggest increases were in Kuwait (with a CAGR of +2.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 50% share of global exports.

The United States, with a CAGR of -0.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices by Country

The average styrene export price stood at $X per ton in 2021, jumping by 65% against the previous year. In general, the export price, however, saw a mild reduction. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Canada ($X per ton), while Kuwait ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.5%), while the other global leaders experienced a decline in the export price figures.

Styrene Imports

Imports

In 2021, after two years of growth, there was decline in overseas purchases of styrene, when their volume decreased by -3% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 7.8% against the previous year. Global imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, styrene imports soared to $X in 2021. In general, imports saw a perceptible reduction. Global imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons), distantly followed by India (X tons), the United States (X tons), Belgium (X tons), Turkey (X tons) and Mexico (X tons) represented the largest importers of styrene, together generating 56% of total imports. Taiwan (Chinese) (X tons), South Korea (X tons), Germany (X tons), France (X tons), Hong Kong SAR (X tons), the Netherlands (X tons) and Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +13.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 34% of global imports. Turkey, Mexico, the United States, Germany, France, Taiwan (Chinese), South Korea, the Netherlands, Hong Kong SAR and Brazil lagged somewhat behind, together accounting for a further 44%.

Turkey, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average styrene import price stood at $X per ton in 2021, jumping by 58% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. Global import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was France ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.9%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene in the world?
+
The countries with the highest volumes of consumption in 2021 were the United States, China and India, together comprising 39% of global consumption.
What are the largest producers of styrene in the world?
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The country with the largest volume of styrene production was the United States, comprising approx. 19% of total volume. Moreover, styrene production in the United States exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was held by Saudi Arabia, with a 7.7% share.
What are the leading exporters of styrene in the world?
+
In value terms, the Netherlands, the United States and Saudi Arabia constituted the countries with the highest levels of exports in 2021, together comprising 50% of global exports.
What are the leading importers of styrene in the world?
+
In value terms, China, India and Belgium were the countries with the highest levels of imports in 2021, together accounting for 34% of global imports. Turkey, Mexico, the United States, Germany, France, Taiwan Chinese), South Korea, the Netherlands, Hong Kong SAR and Brazil lagged somewhat behind, together comprising a further 44%.
What is the average export price for styrene in the world?
+
In 2021, the average styrene export price amounted to $1,176 per ton, picking up by 65% against the previous year.
What is the average import price for styrene in the world?
+
The average styrene import price stood at $1,204 per ton in 2021, increasing by 58% against the previous year.

This report provides an in-depth analysis of the global styrene market. 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

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Company coverage:
Chevron Phillips Chemical Company LLC, ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC), Total S.A., The Dow Chemical Company, Americas Styrenics, LG Chem, E & T Plastics Mfg. Co., SAE Manufacturing Specialties Corp, Hydrite Chemical Co., Transcendia, Plastic Products, Polyscope Polymers North America, Kind Chemical, Nova Chemicals Corp., Deltech Corp., Progressive Plastics, Westlake Chemical Corp., Deltech Polymers Corp., Hanwha International LLC, Lotte Advanced Materials

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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