| Product Code: ETC5747240 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives experienced a significant surge in expanded polystyrene (EPS) import shipments in 2024, with top exporting countries including China, Sri Lanka, Turkey, Malaysia, and India. Despite the high concentration of Herfindahl-Hirschman Index (HHI) in 2024, indicating dominance by a few key suppliers, the compound annual growth rate (CAGR) from 2020 to 2024 remained steady at 1.14%. Notably, the growth rate from 2023 to 2024 spiked to an impressive 48.92%, showcasing a rapidly expanding market for EPS imports in the Maldives.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Expanded Polystyrene (EPS) Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Expanded Polystyrene (EPS) Market - Industry Life Cycle |
3.4 Maldives Expanded Polystyrene (EPS) Market - Porter's Five Forces |
3.5 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume Share, By Market Product Type, 2021 & 2031F |
3.7 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Maldives Expanded Polystyrene (EPS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in the Maldives, leading to increased demand for expanded polystyrene (EPS) for insulation and packaging purposes. |
4.2.2 Rising awareness about the benefits of EPS, such as its lightweight nature, thermal insulation properties, and recyclability. |
4.2.3 Expansion of the tourism sector in the Maldives, driving the need for EPS for packaging and product protection in the hospitality industry. |
4.3 Market Restraints |
4.3.1 Environmental concerns related to EPS waste management and recycling, leading to potential regulatory challenges. |
4.3.2 Fluctuating raw material prices impacting the production cost of EPS in the Maldives. |
5 Maldives Expanded Polystyrene (EPS) Market Trends |
6 Maldives Expanded Polystyrene (EPS) Market Segmentations |
6.1 Maldives Expanded Polystyrene (EPS) Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume, By EPS, 2021-2031F |
6.2 Maldives Expanded Polystyrene (EPS) Market, By Market Product Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume, By White, 2021-2031F |
6.2.3 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume, By Grey, 2021-2031F |
6.2.4 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume, By Black, 2021-2031F |
6.3 Maldives Expanded Polystyrene (EPS) Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.3 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.4 Maldives Expanded Polystyrene (EPS) Market Revenues & Volume, By Others, 2021-2031F |
7 Maldives Expanded Polystyrene (EPS) Market Import-Export Trade Statistics |
7.1 Maldives Expanded Polystyrene (EPS) Market Export to Major Countries |
7.2 Maldives Expanded Polystyrene (EPS) Market Imports from Major Countries |
8 Maldives Expanded Polystyrene (EPS) Market Key Performance Indicators |
8.1 Recycling rate of EPS materials in the Maldives. |
8.2 Adoption rate of EPS in new construction projects in the Maldives. |
8.3 Number of partnerships or collaborations between EPS manufacturers and local businesses for sustainable EPS usage. |
9 Maldives Expanded Polystyrene (EPS) Market - Opportunity Assessment |
9.1 Maldives Expanded Polystyrene (EPS) Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Maldives Expanded Polystyrene (EPS) Market Opportunity Assessment, By Market Product Type, 2021 & 2031F |
9.3 Maldives Expanded Polystyrene (EPS) Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Maldives Expanded Polystyrene (EPS) Market - Competitive Landscape |
10.1 Maldives Expanded Polystyrene (EPS) Market Revenue Share, By Companies, 2024 |
10.2 Maldives Expanded Polystyrene (EPS) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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