Asia-Pacific: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Asia-Pacific

The Asia-Pacific styrene-acrylonitrile copolymers market contracted to $X in 2022, which is down by -7% against the previous year. Over the period under review, consumption continues to indicate a mild decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Styrene-Acrylonitrile Copolymers Production in Asia-Pacific

In value terms, styrene-acrylonitrile copolymers production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a pronounced setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 12% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports in Asia-Pacific

In 2022, overseas shipments of styrene-acrylonitrile (san) copolymers in primary forms decreased by -17.1% to X tons for the first time since 2015, thus ending a six-year rising trend. The total export volume increased at an average annual rate of +1.4% 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 exports increased by 10% against the previous year. As a result, the exports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, styrene-acrylonitrile copolymers exports fell notably to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) dominates exports structure, together creating 71% of total exports. It was distantly followed by Thailand (X tons), China (X tons), Japan (X tons) and Malaysia (X tons), together generating a 25% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest styrene-acrylonitrile copolymers supplying countries in Asia-Pacific were South Korea ($X), Taiwan (Chinese) ($X) and Thailand ($X), together comprising 78% of total exports. Japan, China, Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further 20%.

China, with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of exports, among 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 Asia-Pacific amounted to $X per ton, shrinking by -6.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 40% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per ton) and Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.7%), while the other leaders experienced a decline in the export price figures.

Styrene-Acrylonitrile Copolymers Imports

Imports in Asia-Pacific

In 2022, overseas purchases of styrene-acrylonitrile (san) copolymers in primary forms decreased by -26.3% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 30% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted rapidly in the following year.

In value terms, styrene-acrylonitrile copolymers imports contracted sharply to $X in 2022. In general, imports recorded a mild downturn. The pace of growth was the most pronounced in 2021 when imports increased by 50%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

China dominates imports structure, resulting at X tons, which was near 60% of total imports in 2022. It was distantly followed by Thailand (X tons), Indonesia (X tons), Vietnam (X tons) and India (X tons), together making up a 28% share of total imports. The following importers - Hong Kong SAR (X tons) and Malaysia (X tons) - each resulted at a 4.4% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of styrene-acrylonitrile (san) copolymers in primary forms. At the same time, India (+15.5%), Indonesia (+8.6%), Vietnam (+8.2%) and Thailand (+5.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +15.5% from 2012-2022. By contrast, Malaysia (-2.7%) and Hong Kong SAR (-19.2%) illustrated a downward trend over the same period. India (+5.1 p.p.), Indonesia (+3.9 p.p.), Vietnam (+3.6 p.p.), Thailand (+3.6 p.p.) and China (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by -16.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported styrene-acrylonitrile (san) copolymers in primary forms in Asia-Pacific, comprising 57% of total imports. The second position in the ranking was held by Thailand ($X), with a 9.5% share of total imports. It was followed by Indonesia, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Thailand (+4.4% per year) and Indonesia (+6.7% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, reducing by -3.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 34% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Thailand ($X per ton) and Malaysia ($X per ton), while Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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