Australia: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Australia

The Australian styrene-acrylonitrile market declined dramatically to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a deep downturn. Styrene-acrylonitrile consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Styrene-Acrylonitrile Exports

Exports from Australia

In 2022, after two years of growth, there was significant decline in shipments abroad of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms), when their volume decreased by X% to X tons. Overall, exports, however, showed temperate growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, styrene-acrylonitrile exports reduced to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons), Malaysia (X tons) and New Zealand (X tons) were the main destinations of styrene-acrylonitrile exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) emerged as the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Australia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and China (X% per year).

Export Prices by Country

The average styrene-acrylonitrile export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced mixed trend patterns.

Styrene-Acrylonitrile Imports

Imports into Australia

In 2022, supplies from abroad of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, styrene-acrylonitrile imports dropped rapidly to $X in 2022. Over the period under review, imports showed a noticeable contraction. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of styrene-acrylonitrile imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) to Australia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average styrene-acrylonitrile import price amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted slightly in the following year.

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 Singapore ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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