Price for Styrene Polymers; Waste, Parings and Scrap in Luxembourg - 2023

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Luxembourg (FOB) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in Luxembourg (CIF) - 2022
3. Exports of Styrene Polymers; Waste, Parings and Scrap in Luxembourg
4. Imports of Styrene Polymers; Waste, Parings and Scrap in Luxembourg

Price for Styrene Polymers; Waste, Parings and Scrap in Luxembourg (FOB) - 2022

In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $464 per ton, jumping by 48% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for styrene polymers; waste, parings and scraps increased by +94.4% against 2019 indices. The growth pace was the most rapid in 2015 when the average export price increased by 52%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($966 per ton), while the average price for exports to Germany ($339 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 the Netherlands (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Styrene Polymers; Waste, Parings and Scrap in Luxembourg (CIF) - 2022

In 2022, the average import price for styrene polymers; waste, parings and scraps amounted to $1,811 per ton, with an increase of 178% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. Over the period under review, average import prices reached the peak figure at $11,699 per ton in 2012; however, from 2013 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 Belgium ($3,460 per ton), while the price for Germany ($899 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Styrene Polymers; Waste, Parings and Scrap in Luxembourg

After three years of growth, shipments abroad of styrene polymers; waste, parings and scraps decreased by -40.8% to 313 tons in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 283% against the previous year. As a result, the exports reached the peak of 528 tons, and then contracted sharply in the following year.

In value terms, exports of styrene polymers; waste, parings and scraps dropped to $145K in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 326%. As a result, the exports reached the peak of $165K, and then fell in the following year.

Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Luxembourg in 2022:

1. Germany (221.9 tons)
2. Netherlands (64.5 tons)
3. Belgium (26.2 tons)

Imports of Styrene Polymers; Waste, Parings and Scrap in Luxembourg

In 2022, imports of styrene polymers; waste, parings and scraps into Luxembourg reduced rapidly to 27 tons, waning by -69.1% on the year before. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,164%. As a result, imports reached the peak of 89 tons, and then dropped sharply in the following year.

In value terms, imports of styrene polymers; waste, parings and scraps shrank to $50K in 2022. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 169% against the previous year. As a result, imports reached the peak of $58K, and then shrank in the following year.

Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Luxembourg in 2022:

1. Germany (17.7 tons)
2. Belgium (7.3 tons)
3. Netherlands (2.5 tons)

Source: IndexBox Market Intelligence Platform