ASEAN: Styrene-Acrylonitrile Market 2025

Styrene-Acrylonitrile Market Size in ASEAN

In 2022, the ASEAN styrene-acrylonitrile market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Styrene-Acrylonitrile Production in ASEAN

In value terms, styrene-acrylonitrile production contracted to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Exports

Exports in ASEAN

In 2022, styrene-acrylonitrile exports in ASEAN fell to X tons, which is down by X% compared with the previous year's figure. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile exports contracted sharply to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Malaysia represented the largest exporter of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in ASEAN, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%) and Indonesia (X%). Singapore (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to styrene-acrylonitrile exports from Malaysia stood at X%. At the same time, Indonesia (X%), Vietnam (X%), Thailand (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam and Indonesia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest styrene-acrylonitrile supplying countries in ASEAN were Malaysia ($X), Thailand ($X) and Singapore ($X), together accounting for X% of total exports. Vietnam and Indonesia lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Styrene-Acrylonitrile Imports

Imports in ASEAN

In 2022, imports of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in ASEAN surged to X tons, growing by X% on the previous year. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, styrene-acrylonitrile imports declined dramatically to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Malaysia represented the key importer of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in ASEAN, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Vietnam (X tons) took the second position in the ranking, followed by Thailand (X tons) and Indonesia (X tons). All these countries together held near X% share of total imports. The Philippines (X tons) and Singapore (X tons) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Malaysia, the Philippines and Singapore lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of 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 import price in ASEAN stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform