Report Update May 1, 2024

Cuba - Polystyrene in Primary Forms (Excluding Expansible Polystyrene) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2024

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Cuba

After two years of decline, the Cuban polystyrene in primary forms market increased by 2.4% to $X in 2021. Overall, consumption, however, continues to indicate a pronounced slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Cuba

In value terms, polystyrene in primary forms production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of 65% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Cuba

In 2021, after nine years of growth, there was significant decline in overseas shipments of polystyrene in primary forms (excluding expansible polystyrene), when their volume decreased by -58.5% to X tons. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 273% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped rapidly in the following year.

In value terms, polystyrene in primary forms exports dropped to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 131%. Over the period under review, the exports hit record highs at $X in 2020, and then dropped in the following year.

Exports by Country

Malaysia (X tons) was the main destination for polystyrene in primary forms exports from Cuba, with a approx. 77% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +13.1%.

In value terms, Malaysia ($X) also remains the key foreign market for polystyrene in primary forms (excluding expansible polystyrene) exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +18.8%.

Export Prices by Country

In 2021, the average polystyrene in primary forms export price amounted to $X per ton, with an increase of 113% against the previous year. In general, the export price showed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +5.1% per year.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Cuba

In 2021, approx. X tons of polystyrene in primary forms (excluding expansible polystyrene) were imported into Cuba; growing by 164% on the year before. Over the period under review, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 201%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, polystyrene in primary forms imports surged to $X in 2021. In general, imports, however, recorded a deep setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of polystyrene in primary forms to Cuba, accounting for a 75% share of total imports. Moreover, polystyrene in primary forms imports from Mexico exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (0.0% per year) and Italy (-4.6% per year).

In value terms, Mexico ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Cuba, comprising 73% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Italy, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from Mexico stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (0.0% per year) and Italy (-8.9% per year).

Import Prices by Country

In 2021, the average polystyrene in primary forms import price amounted to $X per ton, surging by 48% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Guatemala ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polystyrene in primary forms (excluding expansible polystyrene) in the world?

China remains the largest polystyrene in primary forms consuming country worldwide, comprising approx. 25% of total volume. Moreover, polystyrene in primary forms consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was held by the United States, with a 9.1% share.

What are the largest producers of polystyrene in primary forms (excluding expansible polystyrene) in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, together comprising 37% of global production. Japan, Pakistan, Brazil, Taiwan Chinese), Russia, South Korea, Germany, Italy, Mexico and Iran lagged somewhat behind, together accounting for a further 37%.

What are the leading suppliers of polystyrene in primary forms (excluding expansible polystyrene) to Cuba?

In value terms, Mexico constituted the largest supplier of polystyrene in primary forms excluding expansible polystyrene) to Cuba, comprising 73% of total imports. The second position in the ranking was taken by Taiwan Chinese), with a 13% share of total imports. It was followed by Italy, with a 5.1% share.

What are the leading importers of polystyrene in primary forms (excluding expansible polystyrene) from Cuba?

In value terms, Malaysia remains the key foreign market for polystyrene in primary forms excluding expansible polystyrene) exports from Cuba.

What is the average export price for polystyrene in primary forms (excluding expansible polystyrene) in Cuba?

The average polystyrene in primary forms export price stood at $815 per ton in 2021, growing by 113% against the previous year.

What is the average import price for polystyrene in primary forms (excluding expansible polystyrene) in Cuba?

The average polystyrene in primary forms import price stood at $2,072 per ton in 2021, picking up by 48% against the previous year.

This report provides an in-depth analysis of the market for polystyrene in primary forms in Cuba. 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 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023