China: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in China

The Chinese styrene-acrylonitrile copolymers market declined rapidly to $X in 2022, which is down by -29.8% against the previous year. In general, consumption recorded a pronounced descent. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Styrene-Acrylonitrile Copolymers Production in China

In value terms, styrene-acrylonitrile copolymers production fell modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 23%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from China

For the fifth consecutive year, China recorded growth in overseas shipments of styrene-acrylonitrile (san) copolymers in primary forms, which increased by 15% to X tons in 2022. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, styrene-acrylonitrile copolymers exports expanded sharply to $X in 2022. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 91% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

South Korea (X tons), Thailand (X tons) and India (X tons) were the main destinations of styrene-acrylonitrile copolymers exports from China, with a combined 44% share of total exports. Vietnam, the United States, Egypt, Pakistan, Malaysia, Russia, Algeria, the United Arab Emirates, Indonesia and Myanmar lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +310.7%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Thailand ($X) and India ($X) were the largest markets for styrene-acrylonitrile copolymers exported from China worldwide, together comprising 41% of total exports. Vietnam, the United States, Egypt, Pakistan, Russia, Malaysia, Algeria, the United Arab Emirates, Indonesia and Myanmar lagged somewhat behind, together accounting for a further 30%.

In terms of the main countries of destination, Egypt, with a CAGR of +315.3%, saw the highest rates of growth with regard to 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

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, shrinking by -4.2% against the previous year. Overall, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2017 an increase of 50% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar ($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 Egypt (+1.1%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Copolymers Imports

Imports into China

In 2022, purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by -32.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 46%. Imports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, styrene-acrylonitrile copolymers imports contracted dramatically to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of styrene-acrylonitrile copolymers to China, with a 36% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+2.1% per year) and Japan (-10.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to China, comprising 34% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by Japan, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+2.4% per year) and Japan (-12.0% per year).

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2022, waning by -5.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Thailand ($X per ton), while the price for Malaysia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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