Brazil: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Brazil

The Brazilian expansible polystyrene market soared to $X in 2023, rising by X% against the previous year. Over the period under review, consumption, however, saw a slight reduction. Expansible polystyrene consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Expansible Polystyrene Production in Brazil

In value terms, expansible polystyrene production skyrocketed to $X in 2023 estimated in export price. In general, production, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports from Brazil

In 2023, after three years of growth, there was significant decline in overseas shipments of expansible polystyrene in primary forms, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then plummeted in the following year.

In value terms, expansible polystyrene exports declined rapidly to $X in 2023. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2022, and then declined markedly in the following year.

Exports by Country

Argentina (X tons), Bolivia (X tons) and Uruguay (X tons) were the main destinations of expansible polystyrene exports from Brazil, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for expansible polystyrene exported from Brazil were Argentina ($X), Bolivia ($X) and Uruguay ($X), with a combined X% share of total exports.

Among the main countries of destination, Bolivia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average expansible polystyrene export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a mild decrease. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then dropped markedly in the following year.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and Paraguay ($X per ton), while the average price for exports to Uruguay ($X per ton) and Bolivia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into Brazil

In 2023, purchases abroad of expansible polystyrene in primary forms was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a mild shrinkage. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, expansible polystyrene imports skyrocketed to $X in 2023. In general, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of expansible polystyrene to Brazil, with a X% share of total imports. Moreover, expansible polystyrene imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by Hong Kong SAR (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest expansible polystyrene suppliers to Brazil were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), together comprising X% of total imports. Hong Kong SAR, Mexico, Canada, Germany, the United States and Turkey lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average expansible polystyrene import price stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price showed a mild descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform