Price for Styrene Polymers; Waste, Parings and Scrap in Singapore - 2022
Contents:
- Price for Styrene Polymers; Waste, Parings and Scrap in Singapore (FOB) - 2022
- Price for Styrene Polymers; Waste, Parings and Scrap in Singapore (CIF) - 2022
- Exports of Styrene Polymers; Waste, Parings and Scrap in Singapore
- Imports of Styrene Polymers; Waste, Parings and Scrap in Singapore
Price for Styrene Polymers; Waste, Parings and Scrap in Singapore (FOB) - 2022
In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $433 per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 20%. The export price peaked at $585 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,035 per ton), while the average price for exports to Indonesia ($42 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Styrene Polymers; Waste, Parings and Scrap in Singapore (CIF) - 2022
The average import price for styrene polymers; waste, parings and scraps stood at $547 per ton in 2022, shrinking by -9.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. Over the period under review, average import prices attained the maximum at $934 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 China ($1,830 per ton), while the price for the United States ($257 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Styrene Polymers; Waste, Parings and Scrap in Singapore
In 2022, after two years of decline, there was significant growth in shipments abroad of styrene polymers; waste, parings and scraps, when their volume increased by 1,299% to 120 tons. Overall, exports recorded moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of styrene polymers; waste, parings and scraps soared to $52K in 2022. In general, exports, however, continue to indicate a drastic downturn.
| Export of Styrene Polymers; Waste, Parings and Scrap in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.9 | 8.5 | 3.0 | 40.5 | -3.4% |
| Vietnam | 2.4 | 0.1 | 0.2 | 5.3 | 30.2% |
| Taiwan (Chinese) | 5.5 | 0.8 | 0.2 | 2.7 | -21.1% |
| Hong Kong SAR | 6.6 | 0.3 | 0.1 | 1.5 | -39.0% |
| Malaysia | 2.6 | 0.4 | 0.1 | 1.4 | -18.6% |
| Indonesia | 0.7 | 0.1 | N/A | 0.5 | -10.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 62.7 | 10.3 | 3.8 | 52.0 | -6.0% |
Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Singapore in 2022:
- Taiwan (Chinese) (45.4 tons)
- China (39.1 tons)
- Vietnam (14.1 tons)
- Indonesia (11.9 tons)
- Hong Kong SAR (5.1 tons)
- Malaysia (4.5 tons)
Imports of Styrene Polymers; Waste, Parings and Scrap in Singapore
After two years of decline, purchases abroad of styrene polymers; waste, parings and scraps increased by 154% to 47 tons in 2022. Over the period under review, imports, however, recorded a significant curtailment.
In value terms, imports of styrene polymers; waste, parings and scraps skyrocketed to $26K in 2022. Overall, imports, however, showed a dramatic decrease.
| Import of Styrene Polymers; Waste, Parings and Scrap in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 10.3 | 15.4 | 0.6 | 6.1 | -16.0% |
| United Kingdom | 9.0 | 8.3 | 1.9 | 5.0 | -17.8% |
| Germany | 28.7 | 12.4 | 3.8 | 4.9 | -44.5% |
| Hong Kong SAR | 2.8 | 6.3 | 2.1 | 3.1 | 3.5% |
| Dominican Republic | N/A | N/A | N/A | 3.0 | 0% |
| China | 34.5 | 7.6 | 0.5 | 1.4 | -65.6% |
| Malaysia | 13.0 | 9.2 | 2.1 | 1.3 | -53.6% |
| New Zealand | 8.6 | N/A | N/A | N/A | 0% |
| Others | 2.9 | 1.3 | 0.2 | 1.0 | -29.9% |
| Total | 110 | 60.6 | 11.2 | 25.9 | -38.3% |
Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Singapore in 2022:
- Japan (18.9 tons)
- Germany (7.6 tons)
- Hong Kong SAR (7.5 tons)
- Dominican Republic (6.3 tons)
- United Kingdom (4.3 tons)
- Malaysia (1.2 tons)
- China (0.8 tons)
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