Republic of Korea - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPolystyrene Price in South Korea - 2022
Contents:
- Polystyrene Price in South Korea (FOB) - 2022
- Polystyrene Price in South Korea (CIF) - 2022
- Polystyrene Exports in South Korea
- Polystyrene Imports in South Korea
Polystyrene Price in South Korea (FOB) - 2022
The average polystyrene export price stood at $1,296 per ton in December 2022, waning by -8.5% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average export price increased by 28% m-o-m. As a result, the export price attained the peak level of $2,001 per ton. From August 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was the Philippines ($1,855 per ton), while the average price for exports to China ($1,012 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.0%), while the prices for the other major destinations experienced a decline.
Polystyrene Price in South Korea (CIF) - 2022
In 2022, the average polystyrene import price amounted to $1,542 per ton, rising by 7.4% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 an increase of 36%. The import price peaked at $2,084 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Singapore ($3,375 per ton), while the price for Mexico ($670 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Polystyrene Exports in South Korea
After three years of growth, shipments abroad of polystyrene decreased by -15.7% to 219K tons in 2022. Overall, exports showed a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 7.2%.
In value terms, polystyrene exports reduced to $324M in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of $355M, and then contracted in the following year.
Export of Polystyrene in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 58.1 | 67.9 | 94.7 | 69.2 | 6.0% |
United States | 40.5 | 27.5 | 32.7 | 46.9 | 5.0% |
Vietnam | 19.3 | 18.2 | 19.9 | 29.7 | 15.5% |
Mexico | 17.5 | 16.6 | 24.3 | 29.1 | 18.5% |
Turkey | 12.9 | 7.3 | 14.3 | 15.5 | 6.3% |
Indonesia | 10.3 | 9.4 | 18.9 | 15.2 | 13.9% |
Bangladesh | 8.7 | 7.4 | 12.9 | 15.1 | 20.2% |
Philippines | 5.7 | 6.3 | 10.2 | 12.3 | 29.2% |
New Zealand | 8.9 | 6.7 | 11.5 | 11.3 | 8.3% |
India | 0.3 | 6.0 | 12.9 | 10.1 | 222.9% |
Poland | 7.0 | 4.1 | 6.3 | 8.3 | 5.8% |
Australia | 11.4 | 13.5 | 14.3 | 6.9 | -15.4% |
Germany | 0.1 | 0.2 | 0.2 | 6.1 | 293.6% |
Others | 79.5 | 54.6 | 82.1 | 48.5 | -15.2% |
Total | 280 | 246 | 355 | 324 | 5.0% |
Top Export Markets for Polystyrene from South Korea in 2022:
- China (56.8K tons)
- United States (22.7K tons)
- Vietnam (21.0K tons)
- Mexico (18.3K tons)
- Bangladesh (11.7K tons)
- Indonesia (10.6K tons)
- Turkey (10.4K tons)
- New Zealand (6.7K tons)
- India (6.5K tons)
- Philippines (6.4K tons)
- Poland (5.6K tons)
- Germany (4.5K tons)
- Australia (4.3K tons)
Polystyrene Imports in South Korea
In 2022, overseas purchases of polystyrene were finally on the rise to reach 29K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt shrinkage.
In value terms, polystyrene imports skyrocketed to $44M in 2022. Over the period under review, imports, however, recorded a abrupt decrease.
Import of Polystyrene in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 39.3 | 29.5 | 23.6 | 31.2 | -7.4% |
Taiwan (Chinese) | 3.9 | 5.4 | 4.0 | 4.0 | 0.8% |
Japan | 5.2 | 3.6 | 2.7 | 3.4 | -13.2% |
United States | 3.9 | 2.5 | 3.4 | 3.0 | -8.4% |
Vietnam | N/A | 0.6 | N/A | 0.6 | 0.0% |
Indonesia | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
Sweden | 2.9 | N/A | N/A | N/A | 0% |
Singapore | 3.9 | 0.3 | N/A | N/A | -92.3% |
Others | 3.0 | 1.5 | 1.1 | 1.6 | -18.9% |
Total | 62.4 | 43.8 | 35.4 | 44.2 | -10.9% |
Top Suppliers of Polystyrene to South Korea in 2022:
- Singapore (undefinedK tons)
- Sweden (undefinedK tons)
- China (20.3K tons)
- Taiwan (Chinese) (2.5K tons)
- United States (1.8K tons)
- Japan (1.6K tons)
- Indonesia (0.5K tons)
- Vietnam (0.5K tons)
This report provides an in-depth analysis of the polystyrene market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20162035 - Expansible polystyrene, in primary forms
- Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the polystyrene market in Republic of Korea.
This report provides an in-depth analysis of the styrene-acrylonitrile market in Republic of Korea.
This report provides an in-depth analysis of the abs copolymers market in Republic of Korea.
This report provides an in-depth analysis of the expansible polystyrene market in Republic of Korea.
This report provides an in-depth analysis of the styrene-acrylonitrile copolymers market in Republic of Korea.
This report provides an in-depth analysis of the market for polystyrene in primary forms in Republic of Korea.
This report provides an in-depth analysis of the global polystyrene market.
This report provides an in-depth analysis of the global styrene-acrylonitrile market.
This report provides an in-depth analysis of the global abs copolymers market.
This report provides an in-depth analysis of the global expansible polystyrene market.
South Korea remains the world’s largest supplier of primary ABS copolymers, accounting for 46% of global exports. Robust demand from China propels the growth of South Korea’s shipments. In the first seven months of 2021, the export value increased by +60% against the same period of 2020. Last year, ABS copolymer exports from Korea reached $2.1B. China, Hong Kong SAR and Turkey constitute the leading importers of Korean ABS plastics. In 2020, the average ABS copolymer export price country's amounted to $1,521 per ton, down by -7.9% against the previous year.
Explore the world's best import markets for polystyrene with key statistics and data. Discover the leading countries and their import values of polystyrene. Gain insights from the IndexBox market intelligence platform.
In 2016, the amount of polystyrene imported worldwide amounted to X tons, coming up by X% against the previous year figure. Overall, polystyrene imports continue to indicate a relatively flat tren...
In 2016, the amount of polystyrene imported worldwide amounted to X tons, coming up by X% against the previous year figure. Overall, polystyrene imports continue to indicate a relatively flat tren...
Discover the top import markets for ABS copolymers and their key statistics. China, Germany, and the United States lead the pack. Explore the growth potential and opportunities in this global market.
Explore the world's top import markets for polystyrene in primary forms, including key statistics and numbers from the IndexBox market intelligence platform.
South Korea remains the world’s largest supplier of primary ABS copolymers, accounting for 46% of global exports. Robust demand from China propels the growth of South Korea’s shipments. In the first seven months of 2021, the export value increased by +60% against the same period of 2020. Last year, ABS copolymer exports from Korea reached $2.1B. China, Hong Kong SAR and Turkey constitute the leading importers of Korean ABS plastics. In 2020, the average ABS copolymer export price country's amounted to $1,521 per ton, down by -7.9% against the previous year.
Explore the world's best import markets for polystyrene with key statistics and data. Discover the leading countries and their import values of polystyrene. Gain insights from the IndexBox market intelligence platform.
In 2016, the amount of polystyrene imported worldwide amounted to X tons, coming up by X% against the previous year figure. Overall, polystyrene imports continue to indicate a relatively flat tren...
In 2016, the amount of polystyrene imported worldwide amounted to X tons, coming up by X% against the previous year figure. Overall, polystyrene imports continue to indicate a relatively flat tren...