World - Expansible Polystyrene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExpansible Polystyrene Market
Driven by rising demand, the expansible polystyrene market is expected to see growth in both volume and value over the next eight years. China, the United States, and India are the largest consumers of expansible polystyrene, with varying rates of consumption. Production and import/export trends also indicate fluctuations in global market dynamics. Overall, the market is projected to expand in the coming years, with significant growth in import/export prices among major exporting countries.
Market Forecast
Driven by rising demand for expansible polystyrene worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.8% for the period from 2022 to 2030, which is projected to bring the market volume to 14M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $27.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Expansible Polystyrene In Primary Forms
In 2022, the amount of expansible polystyrene in primary forms consumed worldwide reduced slightly to 13M tons, waning by -2.6% compared with the previous year's figure. Over the period under review, consumption showed a mild slump. The pace of growth appeared the most rapid in 2017 when the consumption volume increased by 4.1% against the previous year. Global consumption peaked at 16M tons in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
The global expansible polystyrene market revenue fell to $21.5B in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a noticeable decrease. Global consumption peaked at $28.7B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.
Consumption By Country
China (3.4M tons) remains the largest expansible polystyrene consuming country worldwide, comprising approx. 26% of total volume. Moreover, expansible polystyrene consumption in China exceeded the figures recorded by the second-largest consumer, the United States (1.3M tons), threefold. India (1.3M tons) ranked third in terms of total consumption with a 9.4% share.
In China, expansible polystyrene consumption plunged by an average annual rate of -2.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+2.2% per year) and India (-0.3% per year).
In value terms, China ($4B), the United States ($2.3B) and India ($1.8B) appeared to be the countries with the highest levels of market value in 2022, together accounting for 38% of the global market. Germany, Indonesia, Pakistan, Russia, Japan, Poland, Brazil, Mexico, Thailand and Turkey lagged somewhat behind, together accounting for a further 33%.
Poland, with a CAGR of +5.3%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of expansible polystyrene per capita consumption in 2022 were Poland (8.4 kg per person), Japan (5.4 kg per person) and Germany (4.2 kg per person).
From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +3.7%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.
Production
World Production of Expansible Polystyrene In Primary Forms
In 2022, the amount of expansible polystyrene in primary forms produced worldwide reduced slightly to 13M tons, remaining relatively unchanged against the year before. Overall, production recorded a mild shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 5.5%. Global production peaked at 15M tons in 2012; however, from 2013 to 2022, production remained at a lower figure.
In value terms, expansible polystyrene production amounted to $19.1B in 2022 estimated in export price. In general, production recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by 13%. Over the period under review, global production hit record highs at $27B in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.
Production By Country
China (3.7M tons) remains the largest expansible polystyrene producing country worldwide, accounting for 29% of total volume. Moreover, expansible polystyrene production in China exceeded the figures recorded by the second-largest producer, India (1.3M tons), threefold. The third position in this ranking was taken by the United States (1.1M tons), with an 8.9% share.
In China, expansible polystyrene production contracted by an average annual rate of -2.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (-0.3% per year) and the United States (+2.1% per year).
Imports
World Imports of Expansible Polystyrene In Primary Forms
In 2022, approx. 2.6M tons of expansible polystyrene in primary forms were imported worldwide; declining by -5.2% compared with the year before. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 11% against the previous year. Over the period under review, global imports reached the maximum at 2.7M tons in 2021, and then contracted in the following year.
In value terms, expansible polystyrene imports expanded significantly to $6.2B in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +95.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 77%. Over the period under review, global imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
Imports By Country
Poland (257K tons), the United States (233K tons), Italy (171K tons), Germany (162K tons) and France (126K tons) represented roughly 37% of total imports in 2022. Romania (68K tons), the UK (65K tons), Mexico (63K tons), Vietnam (60K tons), Sweden (55K tons), the Netherlands (54K tons), Spain (54K tons) and Austria (49K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +6.1%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest expansible polystyrene importing markets worldwide were Poland ($646M), the United States ($581M) and Italy ($436M), together accounting for 27% of global imports. Germany, France, the UK, Mexico, Romania, Vietnam, the Netherlands, Sweden, Spain and Austria lagged somewhat behind, together comprising a further 31%.
Among the main importing countries, Spain, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average expansible polystyrene import price stood at $2,373 per ton in 2022, jumping by 17% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, expansible polystyrene import price increased by +88.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 61%. Global import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the UK ($2,707 per ton) and the Netherlands ($2,668 per ton), while Romania ($2,242 per ton) and Spain ($2,340 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Expansible Polystyrene In Primary Forms
In 2022, overseas shipments of expansible polystyrene in primary forms increased by 8.1% to 2M tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 15%. The global exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, expansible polystyrene exports surged to $4.2B in 2022. Overall, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +110.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 77% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.
Exports By Country
The biggest shipments were from Taiwan (Chinese) (290K tons), China (275K tons) and the Netherlands (249K tons), together recording 40% of total export. Turkey (147K tons) held the next position in the ranking, followed by Belgium (137K tons), Mexico (108K tons) and Finland (106K tons). All these countries together took near 25% share of total exports. The United States (89K tons), France (83K tons), Canada (71K tons), Greece (56K tons), South Korea (48K tons) and Russia (46K tons) held a relatively small share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +16.8%), while the other global leaders experienced more modest paces of growth.
In value terms, the Netherlands ($613M), Taiwan (Chinese) ($443M) and China ($432M) constituted the countries with the highest levels of exports in 2022, together accounting for 35% of global exports. Turkey, Belgium, Mexico, the United States, France, Finland, Canada, Greece, South Korea and Russia lagged somewhat behind, together comprising a further 47%.
In terms of the main exporting countries, Turkey, with a CAGR of +20.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average expansible polystyrene export price amounted to $2,102 per ton, with an increase of 10% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, expansible polystyrene export price increased by +69.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($2,579 per ton), while Russia ($1,489 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global expansible polystyrene 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 20162035 - Expansible polystyrene, in primary forms
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ the largest producing countries
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
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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