Canada: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Canada

In 2022, the Canadian styrene-acrylonitrile copolymers market increased by 6.6% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a strong increase. Styrene-acrylonitrile copolymers consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports from Canada

In 2022, overseas shipments of styrene-acrylonitrile (san) copolymers in primary forms increased by 4.6% to X tons, rising for the second year in a row after three years of decline. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 279%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports surged to $X in 2022. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 201%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Canada, accounting for a 64% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-7.7% per year) and Vietnam (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Canada, comprising 76% of total exports. The second position in the ranking was taken by Mexico ($X), with an 11% share of total exports. It was followed by Vietnam, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-8.3% per year) and Vietnam (0.0% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, with an increase of 46% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, styrene-acrylonitrile copolymers export price increased by +119.7% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 90% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Styrene-Acrylonitrile Copolymers Imports

Imports into Canada

In 2022, approx. X tons of styrene-acrylonitrile (san) copolymers in primary forms were imported into Canada; which is down by -6.1% compared with the year before. Overall, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 552%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers imports totaled $X in 2022. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 311% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the main styrene-acrylonitrile copolymers supplier to Canada, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +4.1%.

In value terms, the United States ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Canada.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +7.5%.

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, jumping by 21% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, styrene-acrylonitrile copolymers import price increased by +23.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.3% per year.

Source: IndexBox Platform

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