Key Market Indicators
The demand for styrene in Indonesia is expected to reach 12.3 million kilograms by 2026, up 0.5% annually from 11.8 million kilograms in 2021. Since 1994, demand has increased by an average of 5.1% each year. Indonesia placed 30th in 2021, with the Czech Republic ahead in first place with 11.8 million kilograms. South Korea, India, and Mexico followed in second, third, and fourth place, respectively. Meanwhile, the supply of styrene in Indonesia is projected to reach 153.7 million kilograms by 2026, up 1.6% annually from 137.8 million kilograms in 2021. Since 1994, supply has increased by an average of 7.9% each year. Indonesia placed 12th in 2021, with France in first place with 137.8 million kilograms. The Netherlands, Saudi Arabia, and South Korea followed in second, third, and fourth place, respectively.
