Latin America and the Caribbean: Polystyrene Market 2024

Polystyrene Market Size in Latin America and the Caribbean

The Latin American polystyrene market dropped slightly to $X in 2022, approximately reflecting the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Polystyrene Production in Latin America and the Caribbean

In value terms, polystyrene production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Polystyrene Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of polystyrene were exported in Latin America and the Caribbean; with an increase of X% against the year before. Overall, exports continue to indicate a measured increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polystyrene exports surged to $X in 2022. Total exports indicated a buoyant 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico was the largest exporting country with an export of around X tons, which recorded X% of total exports. Brazil (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (X%). Argentina (X tons) held a little share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) and Colombia (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 2012-2022. Argentina experienced a relatively flat trend pattern. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price saw a slight expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Mexico ($X per ton) and Argentina ($X per ton), while Colombia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Polystyrene Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of polystyrene was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, polystyrene imports skyrocketed to $X in 2022. Total imports indicated a noticeable 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Mexico represented the key importer of polystyrene in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Brazil (X tons) took the second position in the ranking, followed by the Dominican Republic (X tons), Chile (X tons), Peru (X tons) and Colombia (X tons). All these countries together held near X% share of total imports. The following importers - Ecuador (X tons), El Salvador (X tons), Guatemala (X tons), Bolivia (X tons), Argentina (X tons) and Uruguay (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to polystyrene imports into Mexico stood at X%. At the same time, Guatemala (X%), Bolivia (X%), Ecuador (X%), the Dominican Republic (X%), El Salvador (X%), Colombia (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Chile and Brazil experienced a relatively flat trend pattern. By contrast, Peru (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, the Dominican Republic and Guatemala increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price 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, polystyrene import price increased by X% against 2020 indices. The growth pace was the most rapid 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 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform