Dominican Republic: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in the Dominican Republic

In 2022, after two years of growth, there was decline in the Dominican styrene-acrylonitrile market, when its value decreased by X% to $X. Overall, consumption recorded a relatively flat trend pattern. Styrene-acrylonitrile consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Styrene-Acrylonitrile Production in the Dominican Republic

In value terms, styrene-acrylonitrile production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Styrene-acrylonitrile production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Exports

Exports from the Dominican Republic

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 continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, styrene-acrylonitrile exports dropped dramatically to $X in 2022. Over the period under review, exports recorded a dramatic decrease. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jamaica (X tons) was the main destination for styrene-acrylonitrile exports from the Dominican Republic, with a X% share of total exports. Moreover, styrene-acrylonitrile exports to Jamaica exceeded the volume sent to the second major destination, Turks and Caicos Islands (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jamaica stood at X%.

In value terms, Jamaica ($X) emerged as the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Turks and Caicos Islands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Jamaica totaled X%.

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a noticeable curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Turks and Caicos Islands ($X per ton), while the average price for exports to Jamaica totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Imports

Imports into the Dominican Republic

In 2022, overseas purchases 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. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, styrene-acrylonitrile imports skyrocketed to $X in 2022. Overall, imports, however, saw a significant increase. 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 reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of styrene-acrylonitrile to the Dominican Republic, with a X% share of total imports. Moreover, styrene-acrylonitrile imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

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

In value terms, the United States ($X) constituted the largest supplier of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average styrene-acrylonitrile import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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