Price for Styrene Polymers; Waste, Parings and Scrap in the Philippines - 2022
Contents:
- Price for Styrene Polymers; Waste, Parings and Scrap in the Philippines (FOB) - 2022
- Price for Styrene Polymers; Waste, Parings and Scrap in the Philippines (CIF) - 2022
- Exports of Styrene Polymers; Waste, Parings and Scrap in the Philippines
- Imports of Styrene Polymers; Waste, Parings and Scrap in the Philippines
Price for Styrene Polymers; Waste, Parings and Scrap in the Philippines (FOB) - 2022
The average export price for styrene polymers; waste, parings and scraps stood at $860 per ton in June 2022, approximately equating the previous month. Over the period under review, the export price saw slight growth. The pace of growth was the most pronounced in May 2022 an increase of 22% m-o-m. Over the period under review, the average export prices reached the maximum in June 2022.
As there is only one major export destination, the average price level is determined by prices for China.
From July 2021 to June 2022, the rate of growth in terms of prices for China amounted to +1.8% per month.
Price for Styrene Polymers; Waste, Parings and Scrap in the Philippines (CIF) - 2022
In 2021, the average import price for styrene polymers; waste, parings and scraps amounted to $292 per ton, waning by -31.5% against the previous year. In general, the import price showed a perceptible reduction. The growth pace was the most rapid in 2013 an increase of 141%. The import price peaked at $1,233 per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($356 per ton), while the price for Belgium ($36 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+362.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Styrene Polymers; Waste, Parings and Scrap in the Philippines
In 2022, after two years of decline, there was significant growth in overseas shipments of styrene polymers; waste, parings and scraps, when their volume increased by 89% to 1K tons. Over the period under review, exports, however, recorded a abrupt setback.
In value terms, exports of styrene polymers; waste, parings and scraps soared to $868K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern.
| Export of Styrene Polymers; Waste, Parings and Scrap in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 785 | 482 | 112 | 791 | 0.3% |
| South Korea | 51.4 | 48.4 | 42.5 | 47.7 | -2.5% |
| Taiwan (Chinese) | 15.7 | 15.4 | 14.2 | 15.2 | -1.1% |
| Hong Kong SAR | 9.2 | 8.7 | 7.6 | 8.5 | -2.6% |
| Malaysia | 13.9 | 7.0 | 5.7 | 5.8 | -25.3% |
| United States | N/A | N/A | 148 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 875 | 561 | 330 | 868 | -0.3% |
Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from the Philippines in 2022:
- China (826.8 tons)
- South Korea (86.4 tons)
- Hong Kong SAR (59.8 tons)
- Taiwan (Chinese) (24.0 tons)
- Malaysia (13.1 tons)
Imports of Styrene Polymers; Waste, Parings and Scrap in the Philippines
In 2021, imports of styrene polymers; waste, parings and scraps into the Philippines soared to 17 tons, jumping by 697% compared with the year before. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of styrene polymers; waste, parings and scraps surged to $4.9K in 2021. Over the period under review, imports, however, showed a abrupt setback.
| Import of Styrene Polymers; Waste, Parings and Scrap in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | 4.3 | 0.8 | 4.4 | 1.2% | |
| United States | 0.7 | 0.1 | 0.2 | -46.5% | |
| Hong Kong SAR | 0.2 | N/A | 0.2 | 0.0% | |
| Belgium | N/A | N/A | 0.1 | 0% | |
| Australia | 0.4 | N/A | N/A | 0% | |
| Others | 0.2 | N/A | N/A | 0% | |
| Total | 5.8 | 0.9 | 4.9 | -8.1% | |
Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to the Philippines in 2022:
- Japan (12.4 tons)
- United States (1.7 tons)
- Belgium (1.5 tons)
- Hong Kong SAR (1.0 tons)
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