Price for Styrene Polymers; Waste, Parings and Scrap in Vietnam - 2022
Contents:
- Price for Styrene Polymers; Waste, Parings and Scrap in Vietnam (CIF) - 2022
- Price for Styrene Polymers; Waste, Parings and Scrap in Vietnam (FOB) - 2022
- Imports of Styrene Polymers; Waste, Parings and Scrap in Vietnam
- Exports of Styrene Polymers; Waste, Parings and Scrap in Vietnam
Price for Styrene Polymers; Waste, Parings and Scrap in Vietnam (CIF) - 2022
In 2022, the average import price for styrene polymers; waste, parings and scraps amounted to $525 per ton, surging by 1.9% against the previous year. In general, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure at $843 per ton in 2013; however, from 2014 to 2022, 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 Ghana ($620 per ton), while the price for Thailand ($188 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Styrene Polymers; Waste, Parings and Scrap in Vietnam (FOB) - 2022
The average export price for styrene polymers; waste, parings and scraps stood at $633 per ton in 2022, growing by 27% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. Over the period under review, the average export prices reached the peak figure at $909 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($1,154 per ton), while the average price for exports to Indonesia ($437 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.0%), while the prices for the other major destinations experienced a decline.
Imports of Styrene Polymers; Waste, Parings and Scrap in Vietnam
In 2022, approx. 6.6K tons of styrene polymers; waste, parings and scraps were imported into Vietnam; falling by -45.3% against 2021 figures. Over the period under review, imports saw a sharp slump. The pace of growth was the most pronounced in 2021 when imports increased by 183%.
In value terms, imports of styrene polymers; waste, parings and scraps contracted rapidly to $3.5M in 2022. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 174%. As a result, imports attained the peak of $6.2M, and then declined notably in the following year.
| Import of Styrene Polymers; Waste, Parings and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1,460 | 39.3 | 512 | 1,413 | -1.1% |
| Japan | 2,759 | 1,614 | 2,664 | 892 | -31.4% |
| South Korea | 128 | 68.2 | 756 | 220 | 19.8% |
| France | 54.4 | 30.7 | 68.8 | 128 | 33.0% |
| Germany | 16.1 | 14.6 | 233 | 126 | 98.5% |
| Chile | 84.5 | 63.0 | 186 | 88.8 | 1.7% |
| Malaysia | 55.9 | 59.1 | 211 | 83.5 | 14.3% |
| Lao People's Democratic Republic | 70.0 | 80.7 | 225 | 78.9 | 4.1% |
| United States | 424 | 58.8 | 59.9 | 75.1 | -43.8% |
| Australia | 74.0 | 21.9 | 341 | 73.3 | -0.3% |
| Ghana | N/A | N/A | N/A | 72.6 | 0% |
| China | 398 | 45.4 | 106 | 31.0 | -57.3% |
| Thailand | 63.4 | 38.0 | 90.6 | 27.2 | -24.6% |
| Others | 502 | 138 | 764 | 155 | -32.4% |
| Total | 6,090 | 2,272 | 6,218 | 3,464 | -17.1% |
Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Vietnam in 2022:
- Hong Kong SAR (2280.7 tons)
- Japan (1722.0 tons)
- South Korea (470.1 tons)
- France (389.5 tons)
- Chile (272.0 tons)
- Germany (203.8 tons)
- United States (187.5 tons)
- Lao People's Democratic Republic (156.6 tons)
- Thailand (144.4 tons)
- Malaysia (134.7 tons)
- Australia (118.3 tons)
- Ghana (117.2 tons)
- China (86.3 tons)
Exports of Styrene Polymers; Waste, Parings and Scrap in Vietnam
For the third consecutive year, Vietnam recorded decline in overseas shipments of styrene polymers; waste, parings and scraps, which decreased by -28.5% to 49 tons in 2022. Overall, exports saw a significant curtailment. The smallest decline of -27.9% was in 2020.
In value terms, exports of styrene polymers; waste, parings and scraps shrank to $31K in 2022. In general, exports showed a sharp descent.
| Export of Styrene Polymers; Waste, Parings and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 181 | 199 | 17.4 | 17.2 | -54.4% |
| Taiwan (Chinese) | 5.2 | 36.9 | 4.7 | 7.1 | 10.9% |
| Malaysia | 45.1 | 47.9 | 5.7 | 2.3 | -62.9% |
| Indonesia | 51.1 | 16.4 | 1.6 | 1.7 | -67.8% |
| South Korea | 128 | 15.7 | 1.3 | 1.1 | -79.5% |
| Hong Kong SAR | 44.3 | 8.0 | 0.7 | 0.8 | -73.8% |
| Cambodia | 68.4 | N/A | N/A | N/A | 0% |
| Others | 2.8 | 3.5 | 3.0 | 0.9 | -31.5% |
| Total | 525 | 327 | 34.4 | 31.2 | -61.0% |
Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Vietnam in 2022:
- China (22.7 tons)
- Taiwan (Chinese) (16.1 tons)
- Indonesia (4.0 tons)
- South Korea (2.6 tons)
- Malaysia (2.0 tons)
- Hong Kong SAR (1.6 tons)
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