Eastern Asia: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Eastern Asia

The East Asian styrene-acrylonitrile copolymers market declined notably to $X in 2022, reducing by -15.5% against the previous year. In general, consumption showed a mild slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Production in Eastern Asia

In value terms, styrene-acrylonitrile copolymers production declined slightly to $X in 2022 estimated in export price. In general, production recorded a slight slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports in Eastern Asia

After eight years of growth, overseas shipments of styrene-acrylonitrile (san) copolymers in primary forms decreased by -15.1% to X tons in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 8.9%. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, styrene-acrylonitrile copolymers exports declined sharply to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) dominates exports structure, together generating 85% of total exports. China (X tons) ranks next in terms of the total exports with a 6.5% share, followed by Japan (6.2%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest styrene-acrylonitrile copolymers supplying countries in Eastern Asia were South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined 90% share of total exports. China and Hong Kong SAR lagged somewhat behind, together accounting for a further 10%.

In terms of the main exporting countries, China, with a CAGR of +10.1%, 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

The export price in Eastern Asia stood at $X per ton in 2022, declining by -6.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.7%), while the other leaders experienced a decline in the export price figures.

Styrene-Acrylonitrile Copolymers Imports

Imports in Eastern Asia

In 2022, after three years of growth, there was significant decline in purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms, when their volume decreased by -35.2% to X tons. In general, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. The volume of import peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, styrene-acrylonitrile copolymers imports contracted notably to $X in 2022. Over the period under review, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

China prevails in imports structure, reaching X tons, which was approx. 89% of total imports in 2022. The following importers - Hong Kong SAR (X tons), Japan (X tons) and South Korea (X tons) - each amounted to a 9.2% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of styrene-acrylonitrile (san) copolymers in primary forms. At the same time, Japan (+7.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +7.3% from 2012-2022. By contrast, South Korea (-5.8%) and Hong Kong SAR (-19.2%) illustrated a downward trend over the same period. While the share of China (+18 p.p.) and Japan (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-19.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported styrene-acrylonitrile (san) copolymers in primary forms in Eastern Asia, comprising 88% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 3.8% share of total imports. It was followed by Japan, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (-19.1% per year) and Japan (+6.7% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of -4.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 37%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :