Asia: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Asia

The Asian styrene-acrylonitrile market reduced to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Styrene-Acrylonitrile Production in Asia

In value terms, styrene-acrylonitrile production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, showed a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Styrene-Acrylonitrile Exports

Exports in Asia

In 2022, approx. X tons of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) were exported in Asia; dropping by X% on the previous year. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, styrene-acrylonitrile exports contracted significantly to $X in 2022. Overall, exports showed a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

In 2022, Taiwan (Chinese) (X tons) and South Korea (X tons) represented the major exporters of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in Asia, together amounting to near X% of total exports. Malaysia (X tons) ranks next in terms of the total exports with a X% share, followed by Hong Kong SAR (X%). Thailand (X tons), Saudi Arabia (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Hong Kong SAR, Thailand, Japan and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price recorded a slight decrease. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Korea ($X per ton) and Hong Kong SAR ($X per ton), while Malaysia ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Styrene-Acrylonitrile Imports

Imports in Asia

In 2022, purchases abroad of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, styrene-acrylonitrile imports dropped markedly to $X in 2022. Over the period under review, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

China was the largest importer of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Malaysia (X tons) took the second position in the ranking, followed by Vietnam (X tons), Hong Kong SAR (X tons), Thailand (X tons) and Turkey (X tons). All these countries together held approx. X% share of total imports. India (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to styrene-acrylonitrile imports into China stood at X%. At the same time, Malaysia (X%), India (X%), Vietnam (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Vietnam, India and Turkey increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, declining by X% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :