Report Update Jan 1, 2025

China - Acrylonitrile - Market Analysis, Forecast, Size, Trends and Insights

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China: Acrylonitrile Market 2025

Acrylonitrile Market Size in China

In 2021, after two years of decline, there was significant growth in the Chinese acrylonitrile market, when its value increased by 40% to $X. Overall, consumption, however, continues to indicate a abrupt decline. Acrylonitrile consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Acrylonitrile Production in China

In value terms, acrylonitrile production stood at $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in the immediate term.

Acrylonitrile Exports

Exports from China

For the third year in a row, China recorded growth in shipments abroad of acrylonitrile, which increased by 189% to X tons in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 767%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, acrylonitrile exports surged to $X in 2021. In general, exports recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by 513% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

South Korea (X tons), India (X tons) and Turkey (X tons) were the main destinations of acrylonitrile exports from China, together accounting for 96% of total exports.

From 2016 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +154.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and Turkey ($X) constituted the largest markets for acrylonitrile exported from China worldwide, with a combined 96% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +179.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average acrylonitrile export price amounted to $X per ton, jumping by 95% against the previous year. Over the period under review, the export price posted buoyant growth. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Turkey ($X per ton), while the average price for exports to South Korea ($X per ton) and India ($X per ton) were amongst the lowest.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylonitrile Imports

Imports into China

For the third consecutive year, China recorded decline in supplies from abroad of acrylonitrile, which decreased by -30.5% to X tons in 2021. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 37%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, acrylonitrile imports soared to $X in 2021. Overall, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 86% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of acrylonitrile imports to China, together accounting for 84% of total imports. These countries were followed by the United States and Thailand, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +2.9%), while purchases for the other leaders experienced a decline.

In value terms, the largest acrylonitrile suppliers to China were Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X), with a combined 86% share of total imports. The United States and Thailand lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Thailand, with a CAGR of +2.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average acrylonitrile import price stood at $X per ton in 2021, jumping by 80% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylonitrile in the world?

The countries with the highest volumes of acrylonitrile consumption in 2020 were the United States, Turkey and the UK, with a combined 39% share of global consumption. These countries were followed by China, the Netherlands, Japan, Malaysia, India, Taiwan Chinese), France, Mexico, the United Arab Emirates and Belgium, which together accounted for a further 50%.

What are the largest producers of acrylonitrile in the world?

The country with the largest volume of acrylonitrile production was the United States, accounting for 43% of total volume. Moreover, acrylonitrile production in the United States exceeded the figures recorded by the second-largest producer, Japan, fourfold. The third position in this ranking was occupied by the UK, with a 10% share.

What are the leading suppliers of acrylonitrile to China?

In value terms, Taiwan Chinese), South Korea and Japan constituted the largest acrylonitrile suppliers to China, with a combined 91% share of total imports.

What are the leading importers of acrylonitrile from China?

In value terms, South Korea remains the key foreign market for acrylonitrile exports from China, comprising 72% of total exports. The second position in the ranking was occupied by India, with a 23% share of total exports. It was followed by Thailand, with a 2.1% share.

What is the average export price for acrylonitrile in China?

The average acrylonitrile export price stood at $1,075 per ton in 2020, declining by -39.7% against the previous year.

What is the average import price for acrylonitrile in China?

The average acrylonitrile import price stood at $1,124 per ton in 2020, which is down by -28.3% against the previous year.

This report provides an in-depth analysis of the acrylonitrile market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144350 - Acrylonitrile

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024