United Kingdom: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in the UK

The UK styrene-acrylonitrile market reduced sharply to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a mild descent. Styrene-acrylonitrile consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Production in the UK

In value terms, styrene-acrylonitrile production reduced modestly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Exports

Exports from the UK

In 2022, exports of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) from the UK skyrocketed to X tons, rising by X% against 2021. Over the period under review, exports posted a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, styrene-acrylonitrile exports amounted to $X in 2022. Overall, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Malaysia (X tons) was the main destination for styrene-acrylonitrile exports from the UK, accounting for a X% share of total exports. Moreover, styrene-acrylonitrile exports to Malaysia exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The third position in this ranking was held by Belgium (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Belgium (X% per year).

In value terms, the largest markets for styrene-acrylonitrile exported from the UK were Malaysia ($X), Belgium ($X) and the Netherlands ($X), together accounting for X% of total exports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average styrene-acrylonitrile export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Imports

Imports into the UK

Styrene-acrylonitrile imports into the UK fell sharply to X tons in 2022, which is down by X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile imports fell to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

South Korea (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of styrene-acrylonitrile imports to the UK, together comprising X% of total imports. Germany, Taiwan (Chinese), Spain, Ireland and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest styrene-acrylonitrile suppliers to the UK, with a combined X% share of total imports. Taiwan (Chinese), Germany, Spain, Italy and Ireland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average styrene-acrylonitrile import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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