Canada: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Canada

The Canadian expansible polystyrene market was finally on the rise to reach $X in 2023, after three years of decline. Overall, the total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Expansible Polystyrene Production in Canada

In value terms, expansible polystyrene production shrank to $X in 2023 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Expansible polystyrene production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports from Canada

In 2023, overseas shipments of expansible polystyrene in primary forms decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, expansible polystyrene exports contracted markedly to $X in 2023. Over the period under review, total exports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then reduced dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for expansible polystyrene exports from Canada, accounting for a X% share of total exports. Moreover, expansible polystyrene exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) remains the key foreign market for expansible polystyrene in primary forms exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the average expansible polystyrene export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Colombia ($X per ton), while the average price for exports to France ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Expansible Polystyrene Imports

Imports into Canada

In 2023, after two years of growth, there was significant decline in supplies from abroad of expansible polystyrene in primary forms, when their volume decreased by X% to X tons. In general, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, expansible polystyrene imports contracted markedly to $X in 2023. Over the period under review, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then contracted sharply in the following year.

Imports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of expansible polystyrene imports to Canada, together comprising X% of total imports. China, Germany, Austria, Hong Kong SAR and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the United States ($X) and Mexico ($X) constituted the largest expansible polystyrene suppliers to Canada, with a combined X% share of total imports. Germany, China, Austria, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average expansible polystyrene import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform