EU: Styrene Market 2024

Styrene Market Size in the EU

In 2022, after two years of growth, there was significant decline in the EU styrene market, when its value decreased by X% to $X. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell in the following year.

Styrene Production in the EU

In value terms, styrene production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Styrene Exports

Exports in the EU

In 2022, styrene exports in the European Union declined to X tons, falling by X% against 2021 figures. Overall, exports saw a slight descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene exports expanded remarkably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands represented the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Belgium (X tons), Spain (X tons) and France (X tons), together generating a X% share of total exports. Italy (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to styrene exports from the Netherlands stood at X%. At the same time, Belgium (X%) and Spain (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium and Spain increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest styrene supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with an X% share of total exports. It was followed by Spain, with a X% share.

In the Netherlands, styrene exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Italy ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Styrene Imports

Imports in the EU

In 2022, supplies from abroad of styrene increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, styrene imports expanded notably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) represented the major importers of styrene in 2022, reaching approx. X% and X% of total imports, respectively. Germany (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), Austria (X%) and Finland (X%). The following importers - Greece (X tons) and Poland (X tons) - each reached a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest styrene importing markets in the European Union were Belgium ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of total imports. France, Austria, Finland, Greece and Poland lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and Greece ($X per ton), while the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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