Southern Asia: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2024

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Southern Asia

The South Asian polystyrene in primary forms market expanded notably to $X in 2023, increasing by X% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Southern Asia

In value terms, polystyrene in primary forms production expanded rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports in Southern Asia

In 2023, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a mild downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, polystyrene in primary forms exports shrank markedly to $X in 2023. Overall, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X tons) and Pakistan (X tons), together recording X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Pakistan (with a CAGR of X%).

In value terms, the largest polystyrene in primary forms supplying countries in Southern Asia were India ($X) and Pakistan ($X).

In terms of the main exporting countries, Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a noticeable setback. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports in Southern Asia

For the third year in a row, Southern Asia recorded growth in supplies from abroad of polystyrene in primary forms (excluding expansible polystyrene), which increased by X% to X tons in 2023. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, polystyrene in primary forms imports declined slightly to $X in 2023. Total imports indicated a resilient 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 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 reached the maximum at $X in 2022, and then reduced slightly in the following year.

Imports by Country

India was the largest importing country with an import of about X tons, which recorded X% of total imports. Bangladesh (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (X%). The following importers - Pakistan (X tons) and Afghanistan (X tons) - each reached a X% share of total imports.

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

In value terms, India ($X), Bangladesh ($X) and Sri Lanka ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Pakistan and Afghanistan lagged somewhat behind, together accounting for a further X%.

Afghanistan, with a CAGR of X%, saw 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 Southern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Bangladesh ($X per ton) and Sri Lanka ($X per ton), while Pakistan ($X per ton) and Afghanistan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform