Price for Styrene Polymers; Waste, Parings and Scrap in India - 2023

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in India (FOB) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in India (CIF) - 2022
3. Exports of Styrene Polymers; Waste, Parings and Scrap in India
4. Imports of Styrene Polymers; Waste, Parings and Scrap in India

Price for Styrene Polymers; Waste, Parings and Scrap in India (FOB) - 2022

In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $1,114 per ton, increasing by 3.4% against the previous year. Over the period under review, the export price recorded notable growth. The pace of growth was the most pronounced in 2015 an increase of 43%. The export price peaked at $203,150 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($1,156 per ton), while the average price for exports to Bhutan amounted to $632 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Styrene Polymers; Waste, Parings and Scrap in India (CIF) - 2022

In 2022, the average import price for styrene polymers; waste, parings and scraps amounted to $986 per ton, increasing by 31% against the previous year. In general, the import price showed a resilient increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 80% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($1,034 per ton), while the price for the Dominican Republic ($375 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Styrene Polymers; Waste, Parings and Scrap in India

In 2022, overseas shipments of styrene polymers; waste, parings and scraps decreased by -67.2% to 373 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous descent. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year. As a result, the exports attained the peak of 1.6K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of styrene polymers; waste, parings and scraps fell significantly to $415K in 2022. Overall, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from India in 2022:

1. Bangladesh (342.0 tons)
2. Bhutan (30.5 tons)

Imports of Styrene Polymers; Waste, Parings and Scrap in India

After two years of decline, supplies from abroad of styrene polymers; waste, parings and scraps increased by 120% to 231 tons in 2022. Over the period under review, imports, however, faced a precipitous slump.

In value terms, imports of styrene polymers; waste, parings and scraps surged to $228K in 2022. Overall, imports, however, showed a abrupt shrinkage.

Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to India in 2022:

1. Taiwan (Chinese) (200.0 tons)
2. Japan (22.5 tons)
3. Dominican Republic (8.6 tons)

Source: IndexBox Market Intelligence Platform