Canada: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Canada

The Canadian styrene-acrylonitrile market expanded rapidly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Styrene-Acrylonitrile Production in Canada

In value terms, styrene-acrylonitrile production stood at $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Styrene-acrylonitrile production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Exports

Exports from Canada

In 2022, the amount of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exported from Canada rose markedly to X tons, increasing by X% compared with 2021 figures. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, styrene-acrylonitrile exports soared to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Malaysia (X tons) and China (X tons) were the main destinations of styrene-acrylonitrile exports from Canada, with a combined X% share of total exports.

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

In value terms, the United States ($X) remains the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Canada, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the average price for exports to Malaysia ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Imports

Imports into Canada

In 2022, supplies from abroad of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared 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 years to come.

In value terms, styrene-acrylonitrile imports skyrocketed to $X in 2022. Over the period under review, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of styrene-acrylonitrile imports to Canada, with a combined X% share of total imports. Vietnam and Malaysia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the largest styrene-acrylonitrile suppliers to Canada, together comprising X% of total imports. Vietnam and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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 average styrene-acrylonitrile import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price 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, styrene-acrylonitrile import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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