Argentina: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Argentina

After two years of growth, the Argentinian styrene-acrylonitrile copolymers market decreased by -25.2% to $X in 2022. In general, consumption recorded a deep reduction. Styrene-acrylonitrile copolymers consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports from Argentina

In 2022, shipments abroad of styrene-acrylonitrile (san) copolymers in primary forms was finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 90% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports stood at $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 175%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Argentina, accounting for a 87% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Brazil exceeded the volume sent to the second major destination, China (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+32.0% per year) and Uruguay (-19.1% per year).

In value terms, Brazil ($X) remains the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Argentina, comprising 72% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+39.0% per year) and Uruguay (-10.7% per year).

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 45%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Brazil ($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 Uruguay (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Argentina

In 2022, after three years of growth, there was significant decline in supplies from abroad of styrene-acrylonitrile (san) copolymers in primary forms, when their volume decreased by -35% to X tons. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 95%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of styrene-acrylonitrile copolymers imports to Argentina, with a combined 80% share of total imports. Germany and Japan lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +18.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the largest styrene-acrylonitrile copolymers suppliers to Argentina, with a combined 72% share of total imports. Germany and Japan lagged somewhat behind, together accounting for a further 27%.

Japan, with a CAGR of +17.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, increasing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 when the average import price increased by 25% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :