Price for Styrene Polymers; Waste, Parings and Scrap in Pakistan - 2022
Contents:
- Price for Styrene Polymers; Waste, Parings and Scrap in Pakistan (FOB) - 2022
- Price for Styrene Polymers; Waste, Parings and Scrap in Pakistan (CIF) - 2022
- Exports of Styrene Polymers; Waste, Parings and Scrap in Pakistan
- Imports of Styrene Polymers; Waste, Parings and Scrap in Pakistan
Price for Styrene Polymers; Waste, Parings and Scrap in Pakistan (FOB) - 2022
The average export price for styrene polymers; waste, parings and scraps stood at $586 per ton in 2022, dropping by -4.7% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for styrene polymers; waste, parings and scraps decreased by -6.8% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 61% against the previous year. As a result, the export price reached the peak level of $783 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($591 per ton), while the average price for exports to Hong Kong SAR stood at $413 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+4.5%).
Price for Styrene Polymers; Waste, Parings and Scrap in Pakistan (CIF) - 2022
The average import price for styrene polymers; waste, parings and scraps stood at $387 per ton in 2022, which is down by -16.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 64%. As a result, import price attained the peak level of $764 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($913 per ton), while the price for Germany ($283 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Styrene Polymers; Waste, Parings and Scrap in Pakistan
In 2022, the amount of styrene polymers; waste, parings and scraps exported from Pakistan skyrocketed to 53 tons, with an increase of 100% against 2021 figures. In general, exports, however, continue to indicate a precipitous curtailment.
In value terms, exports of styrene polymers; waste, parings and scraps surged to $31K in 2022. Over the period under review, exports, however, faced a precipitous slump.
| Export of Styrene Polymers; Waste, Parings and Scrap in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.4 | 13.5 | 15.3 | 30.3 | -21.8% |
| Hong Kong SAR | 1.6 | 0.3 | 0.3 | 0.6 | -27.9% |
| Others | N/A | 0.6 | 0.5 | N/A | -16.7% |
| Total | 65.0 | 14.4 | 16.2 | 30.9 | -22.0% |
Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Pakistan in 2022:
- China (51.2 tons)
- Hong Kong SAR (1.5 tons)
Imports of Styrene Polymers; Waste, Parings and Scrap in Pakistan
For the third year in a row, Pakistan recorded decline in supplies from abroad of styrene polymers; waste, parings and scraps, which decreased by -70.4% to 56 tons in 2022. Over the period under review, imports recorded a dramatic decrease. The smallest decline of -13.4% was in 2021.
In value terms, imports of styrene polymers; waste, parings and scraps reduced sharply to $22K in 2022. In general, imports saw a sharp downturn. The smallest decline of -28.8% was in 2021.
| Import of Styrene Polymers; Waste, Parings and Scrap in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 71.0 | 34.1 | 30.2 | 10.3 | -47.5% |
| Saudi Arabia | 32.1 | 13.5 | 10.4 | 3.1 | -54.1% |
| Japan | 16.9 | 7.4 | 6.3 | 2.1 | -50.1% |
| Kuwait | 23.7 | 9.5 | 7.0 | 2.0 | -56.1% |
| United States | 129 | 45.9 | 24.6 | 1.7 | -76.4% |
| Germany | 2.1 | 6.4 | 4.7 | 1.4 | -12.6% |
| United Kingdom | 16.5 | 6.0 | 4.1 | 1.1 | -59.5% |
| Thailand | 50.3 | N/A | N/A | N/A | 0% |
| Others | 76.7 | 0.9 | 0.5 | N/A | -91.9% |
| Total | 418 | 124 | 88.0 | 21.7 | -62.7% |
Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Pakistan in 2022:
- United Arab Emirates (28.7 tons)
- Saudi Arabia (7.5 tons)
- Japan (5.9 tons)
- United States (5.1 tons)
- Germany (4.8 tons)
- Kuwait (2.2 tons)
- United Kingdom (1.8 tons)
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