Asia: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Asia

The Asian styrene-acrylonitrile copolymers market reduced to $X in 2022, dropping by -6.1% against the previous year. Over the period under review, consumption saw a slight contraction. 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

In value terms, styrene-acrylonitrile copolymers production shrank modestly to $X in 2022 estimated in export price. In general, production saw a pronounced descent. The growth pace was the most rapid in 2018 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports in Asia

In 2022, after six years of growth, there was significant decline in shipments abroad of styrene-acrylonitrile (san) copolymers in primary forms, when their volume decreased by -17.4% to X tons. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 13%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced dramatically in the following year.

In value terms, styrene-acrylonitrile copolymers exports shrank dramatically to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 48%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) prevails in exports structure, together committing 70% of total exports. It was distantly followed by Thailand (X tons), China (X tons), Japan (X tons) and Malaysia (X tons), together constituting 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, South Korea ($X), Taiwan (Chinese) ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 78% of total exports. Japan, China, Malaysia and Hong Kong SAR lagged somewhat behind, together comprising a further 20%.

China, with a CAGR of +10.1%, recorded the highest growth rate of 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

The export price in Asia stood at $X per ton in 2022, which is down by -6.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 42% 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 failed to regain momentum.

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

In 2022, after five years of growth, there was significant decline in supplies from abroad of styrene-acrylonitrile (san) copolymers in primary forms, when their volume decreased by -25.3% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. The volume of import peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, styrene-acrylonitrile copolymers imports fell notably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

China prevails in imports structure, amounting to X tons, which was near 57% of total imports in 2022. Thailand (X tons) took the second position in the ranking, followed by Indonesia (X tons), Vietnam (X tons) and India (X tons). All these countries together took approx. 27% share of total imports. Turkey (X tons), Hong Kong SAR (X tons) and Malaysia (X tons) followed a long way behind the leaders.

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%), Turkey (+7.6%) and Thailand (+5.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, 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. From 2012 to 2022, the share of India, Indonesia, Vietnam, Thailand and Turkey increased by +4.7, +3.6, +3.4, +3.3 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported styrene-acrylonitrile (san) copolymers in primary forms in Asia, comprising 54% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.9% share of total imports. It was followed by Indonesia, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+4.4% per year) and Indonesia (+6.7% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, falling by -3.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 35%. 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 somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Turkey ($X per ton) and Thailand ($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 Turkey (+0.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :