Price for Styrene Polymers; Waste, Parings and Scrap in Nepal - 2022

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

The average import price for styrene polymers; waste, parings and scraps stood at $990 per ton in 2022, picking up by 5.5% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs at $1,786 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,000 per ton), while the price for India totaled $990 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.7%).

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

In 2022, approx. 99 kg of styrene polymers; waste, parings and scraps were imported into Nepal; with a decrease of -23.8% compared with 2021. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 81% against the previous year. As a result, imports reached the peak of 130 kg, and then fell dramatically in the following year.

In value terms, imports of styrene polymers; waste, parings and scraps declined sharply to $98 in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year.