Eastern Asia: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Eastern Asia

The East Asian styrene-acrylonitrile market dropped to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a noticeable downturn. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Styrene-Acrylonitrile Production in Eastern Asia

In value terms, styrene-acrylonitrile production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Exports

Exports in Eastern Asia

In 2022, approx. X tons of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) were exported in Eastern Asia; waning by X% on 2021. In general, exports showed a mild contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, styrene-acrylonitrile exports contracted sharply to $X in 2022. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Taiwan (Chinese) (X tons) and South Korea (X tons) dominates exports structure, together comprising X% of total exports. It was distantly followed by Hong Kong SAR (X tons), achieving a X% share of total exports. The following exporters - Japan (X tons) and China (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. China and Japan lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and South Korea ($X per ton), while Japan ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Styrene-Acrylonitrile Imports

Imports in Eastern Asia

In 2022, overseas purchases of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) decreased by X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile imports reduced rapidly to $X in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the key importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Hong Kong SAR (X tons), mixing up a X% share of total imports. Japan (X tons) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of X% from 2012 to 2022. Japan experienced a relatively flat trend pattern. Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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