The United States holds the largest share of global styrene exports, closely followed by the Netherlands. Notably, analysis from 2023 indicates significant year-on-year variations: the U.S. saw a modest increase of 1.14%, whereas Japan experienced a drop of over 10%. Noteworthy is China’s surge of nearly 24%, marking a shift in its export dynamics. Over the past five years, several countries have augmented their exports, with Hungary seeing substantial growth. Conversely, Canada and Japan have declined, signaling potential shifts in market strategies among major exporters.
Future trends to watch include:
- The impact of increased domestic demand in emerging economies like China and India, potentially curbing their export volumes.
- Global economic factors, including trade policies and energy costs, which might affect export shares.
- Technological advancements in production processes could enhance output efficiency and influence market standings.
Top countries in Export of Styrene Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 20.81 | 2023 | +0.98% | +1.14% | View data |
| 2 | 2 Netherlands | 20.73 | 2023 | +0.92% | +0.12% | View data |
| 3 | 3 Saudi Arabia | 12.28 | 2023 | +0.27% | +0.86% | View data |
| 4 | 4 South Korea | 10.71 | 2023 | -1.55% | +0.6% | View data |
| 5 | 5 Singapore | 8.22 | 2023 | +0.9% | +0.59% | View data |
| 6 | 6 Canada | 4.83 | 2023 | -1.78% | -6.65% | View data |
| 7 | 7 Belgium | 4.72 | 2023 | +3.1% | +3.86% | View data |
| 8 | 8 Japan | 4.02 | 2023 | -10.6% | -10.29% | View data |
| 9 | 9 France | 2.88 | 2023 | +2.01% | +0.88% | View data |
| 10 | 10 Spain | 2.88 | 2023 | +0.64% | +1.76% | View data |
