Latin America and the Caribbean: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Latin America and the Caribbean

The Latin American expansible polystyrene market skyrocketed to $X in 2023, rising by X% against the previous year. In general, consumption, however, saw a slight contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Expansible Polystyrene Production in Latin America and the Caribbean

In value terms, expansible polystyrene production rose markedly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a mild setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports in Latin America and the Caribbean

In 2023, approx. X tons of expansible polystyrene in primary forms were exported in Latin America and the Caribbean; falling by X% on 2022 figures. Over the period under review, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, expansible polystyrene exports contracted significantly to $X in 2023. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Mexico was the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Brazil (X tons) and Chile (X tons), together generating a X% share of total exports.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2023. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Chile (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Mexico ($X) remains the largest expansible polystyrene supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Mexico, expansible polystyrene exports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price recorded 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. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then contracted notably in the following year.

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

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

Expansible Polystyrene Imports

Imports in Latin America and the Caribbean

In 2023, overseas purchases of expansible polystyrene in primary forms increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, expansible polystyrene imports shrank to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

Mexico represented the major importer of expansible polystyrene in primary forms in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. Brazil (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%), Colombia (X%), Peru (X%) and Bolivia (X%). Argentina (X tons) took a little share of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Bolivia (X%), Peru (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported expansible polystyrene in primary forms in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. 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 attained the peak figure at $X per ton in 2022, and then dropped remarkably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Argentina ($X per ton) and Mexico ($X per ton), while Brazil ($X per ton) and Chile ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform