In 2023, South Korea dominated the global exports of polymers of styrene with a 23.12% share in terms of US dollars, reflecting a 1.36% increase year-on-year. Belgium, the United States, and the Netherlands followed, each showcasing moderate growth between 0.48% and 1.66%. Notably, Germany and Japan experienced declines, with -2.15% and -2.47% respectively. Russia (+3.5%) and Saudi Arabia (+3.3%) marked significant positive trends. Meanwhile, Eastern European countries like the Czech Republic and Hungary showed varied performances, and developing nations like Kuwait had extraordinary growth, albeit from a small base.
Looking forward, key trends to watch include:
- Potential demand shifts driven by evolving environmental regulations.
- The impacts of geopolitical tensions on trade routes and market accessibility.
- Increased competition from emerging markets due to lower production costs.
- Technological advancements leading to newer, more efficient polymer production methods.
Top countries in Export of Polymers of Styrene Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 23.12 | 2023 | +1.83% | +1.36% | View data |
| 2 | 2 Belgium | 11.1 | 2023 | +0.93% | +0.48% | View data |
| 3 | 3 United States | 7.92 | 2023 | +1% | +0.93% | View data |
| 4 | 4 Netherlands | 7.25 | 2023 | +1.56% | +1.66% | View data |
| 5 | 5 France | 4.62 | 2023 | +0.54% | +0.16% | View data |
| 6 | 6 Malaysia | 4.6 | 2023 | +2.8% | +0.93% | View data |
| 7 | 7 Thailand | 4.47 | 2023 | +2.83% | +1.46% | View data |
| 8 | 8 China | 3.94 | 2023 | +2.01% | +1.49% | View data |
| 9 | 9 Germany | 3.73 | 2023 | -1.71% | -2.15% | View data |
| 10 | 10 Singapore | 3.58 | 2023 | +1.74% | +1.07% | View data |
