The forecasted import value of polymers of styrene to Australia shows a consistent decline from 2024 through 2028. Starting at $29.723 million in 2024, it is projected to decrease to $10.564 million by 2028. This data indicates a significant reduction in imports across these years. The year-on-year percentage variations are: -16.6% from 2024 to 2025, -19.5% from 2025 to 2026, -23.8% from 2026 to 2027, and -30.6% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) for imports is projected to be -22.2%, depicting a substantial average annual decline.
Future trends to watch for include potential shifts in domestic production capabilities, changes in global styrene polymer supply chains, and any new trade policies or tariffs that may impact import levels. Additionally, evolving environmental regulations and advancements in alternative materials could further influence the demand for styrene imports.