South-Eastern Asia: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian expansible polystyrene market decreased by X% to $X in 2023. Over the period under review, consumption continues to indicate a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Expansible Polystyrene Production in South-Eastern Asia

In value terms, expansible polystyrene production dropped to $X in 2023 estimated in export price. Overall, production recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Expansible Polystyrene Exports

Exports in South-Eastern Asia

After four years of decline, overseas shipments of expansible polystyrene in primary forms increased by X% to X tons in 2023. Over the period under review, exports, however, recorded a dramatic contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, expansible polystyrene exports amounted to $X in 2023. In general, exports, however, saw a dramatic slump. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Thailand was the largest exporting country with an export of about X tons, which recorded X% of total exports. Indonesia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%), Vietnam (X%), Lao People's Democratic Republic (X%) and Singapore (X%).

From 2012 to 2023, average annual rates of growth with regard to expansible polystyrene exports from Thailand stood at X%. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Indonesia experienced a relatively flat trend pattern. By contrast, Vietnam (X%), Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand, Indonesia, Vietnam, Lao People's Democratic Republic and Singapore increased by X, X, X, X and X percentage points, respectively.

In value terms, Thailand ($X) remains the largest expansible polystyrene supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Thailand, expansible polystyrene exports declined by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price recorded a mild shrinkage. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Expansible Polystyrene Imports

Imports in South-Eastern Asia

In 2023, approx. X tons of expansible polystyrene in primary forms were imported in South-Eastern Asia; surging by X% compared with 2022. Total imports indicated measured growth from 2012 to 2023: its volume 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. Based on 2023 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, expansible polystyrene imports contracted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Vietnam was the largest importing country with an import of around X tons, which reached X% of total imports. Thailand (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%), Indonesia (X%) and the Philippines (X%). Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Indonesia, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Indonesia ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform