Key Market Indicators
Japanese import of styrene is predicted to decline 4.4% year-on-year on average, dropping from 8.19 million kilograms in 2021 to 6.39 million kilograms by 2026. Since 1993, demand for styrene in Japan has increased by 31.5% year-on-year. The country ranked 32nd in 2021, with Slovenia overtaking with 8.19 million kilograms. South Korea, India, and Mexico followed as the next top three countries in the ranking. Meanwhile, Japan's export of styrene is expected to decline 8.4% year-on-year on average, dropping from 485.69 million kilograms in 2021 to 298.39 million kilograms by 2026. Since 1993, supply of styrene in Japan has decreased by 2.3% year-on-year. The country ranked 7th in 2021, with Canada overtaking with 485.69 million kilograms. The Netherlands, Saudi Arabia, and South Korea came in second, third, and fourth respectively.
