Southern Asia: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Southern Asia

The South Asian market for cellular plates, sheets and films of polyymers of styrene fell to $X in 2023, shrinking by X% against the previous year. The total consumption indicated temperate 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 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Southern Asia

In value terms, production of cellular plates, sheets and films of polyymers of styrene fell slightly to $X in 2023 estimated in export price. The total production indicated a perceptible 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 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a somewhat lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports in Southern Asia

In 2023, overseas shipments of cellular plates, sheets and films of polyymers of styrene increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene contracted to $X in 2023. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

India represented the largest exporter of cellular plates, sheets and films of polyymers of styrene in Southern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Sri Lanka (X tons), achieving an X% share of total exports.

India was also the fastest-growing in terms of the cellular plates, sheets and films of polyymers of styrene exports, with a CAGR of X% from 2012 to 2023. At the same time, Sri Lanka (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X) remains the largest polystyrene cellular plates, sheets and films supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports in Southern Asia

In 2023, overseas purchases of cellular plates, sheets and films of polyymers of styrene decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports of attained the maximum at X tons in 2022, and then contracted in the following year.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2023. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

India dominates styrene structure, reaching X tons, which was approx. X% of total imports in 2023. Sri Lanka (X tons) took the second position in the ranking, followed by Maldives (X tons) and Bangladesh (X tons). All these countries together held approx. X% share of total imports. Afghanistan (X tons) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to polystyrene cellular plates, sheets and films imports into India stood at X%. At the same time, Sri Lanka (X%) and Maldives (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Afghanistan (X%) and Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India, Sri Lanka and Maldives increased by X, X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported cellular plates, sheets and films of polyymers of styrene in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, imports of cellular plates, sheets and films of polyymers of styrene expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform