Price for Styrene Polymers; Waste, Parings and Scrap in Canada - 2024
Contents:
- Price for Styrene Polymers; Waste, Parings and Scrap in Canada (CIF) - 2024
- Price for Styrene Polymers; Waste, Parings and Scrap in Canada (FOB) - 2024
- Imports of Styrene Polymers; Waste, Parings and Scrap in Canada
- Exports of Styrene Polymers; Waste, Parings and Scrap in Canada
Price for Styrene Polymers; Waste, Parings and Scrap in Canada (CIF) - 2024
The average import price for styrene polymers; waste, parings and scraps stood at $861 per ton in January 2024, waning by -24.5% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 32% month-to-month. As a result, import price reached the peak level of $1,140 per ton, and then contracted significantly in the following month.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +1.2% per month.
Price for Styrene Polymers; Waste, Parings and Scrap in Canada (FOB) - 2024
The average export price for styrene polymers; waste, parings and scraps stood at $575 per ton in January 2024, growing by 4.4% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in February 2023 an increase of 30% m-o-m. Over the period under review, the average export prices hit record highs at $586 per ton in October 2023; however, from November 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($867 per ton), while the average price for exports to the United States ($468 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Styrene Polymers; Waste, Parings and Scrap in Canada
In 2022, overseas purchases of styrene polymers; waste, parings and scraps decreased by -14.6% to 8.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 10% against the previous year. As a result, imports reached the peak of 10K tons, and then shrank in the following year.
In value terms, imports of styrene polymers; waste, parings and scraps soared to $8.9M in 2022. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Styrene Polymers; Waste, Parings and Scrap in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.1 | 6.8 | 5.8 | 8.6 | 2.0% |
| United Kingdom | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 8.3 | 6.9 | 5.9 | 8.9 | 2.4% |
Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Canada in 2022:
- United States (8.4K tons)
- United Kingdom (0.3K tons)
Exports of Styrene Polymers; Waste, Parings and Scrap in Canada
Exports of styrene polymers; waste, parings and scraps from Canada surged to 7.4K tons in 2022, picking up by 129% against the year before. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of styrene polymers; waste, parings and scraps surged to $4M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 120% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Styrene Polymers; Waste, Parings and Scrap in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | 19.9 | 310 | 1,568 | 787.7% |
| United States | 1,158 | 707 | 1,122 | 1,372 | 5.8% |
| Malaysia | 201 | N/A | 314 | 938 | 67.1% |
| Netherlands | N/A | 115 | 96.0 | 42.1 | -39.5% |
| Others | 59.5 | 65.2 | 156 | 48.1 | -6.8% |
| Total | 1,419 | 907 | 1,998 | 3,968 | 40.9% |
Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Canada in 2022:
- Malaysia (3.0K tons)
- Spain (2.6K tons)
- United States (1.7K tons)
- Netherlands (0.1K tons)
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