Egypt: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Egypt

The Egyptian styrene-acrylonitrile copolymers market rose modestly to $X in 2022, picking up by 2.3% against the previous year. Overall, consumption recorded a noticeable slump. Styrene-acrylonitrile copolymers consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Production in Egypt

In value terms, styrene-acrylonitrile copolymers production reached $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 52% against the previous year. Styrene-acrylonitrile copolymers production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Egypt

In 2022, the amount of styrene-acrylonitrile (san) copolymers in primary forms exported from Egypt declined significantly to X tons, waning by -90.7% against 2021. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2013 with an increase of 53,704% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, styrene-acrylonitrile copolymers exports dropped dramatically to $X in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 8,244% against the previous year. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Italy (X tons), Saudi Arabia (X tons) and Nigeria (X tons) were the main destinations of styrene-acrylonitrile copolymers exports from Egypt.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +0.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for styrene-acrylonitrile copolymers exported from Egypt were Italy ($X), Saudi Arabia ($X) and Nigeria ($X).

In terms of the main countries of destination, Italy, with a CAGR of +20.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, surging by 10% against the previous year. In general, the export price enjoyed a slight increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,994%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Italy ($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 Greece (+712.2%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Egypt

In 2022, approx. X tons of styrene-acrylonitrile (san) copolymers in primary forms were imported into Egypt; dropping by -18.9% on 2021 figures. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers imports shrank to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 132%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of styrene-acrylonitrile copolymers to Egypt, accounting for a 57% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an 11% 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 (-9.8% per year) and Taiwan (Chinese) (+5.2% per year).

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Egypt, comprising 57% of total imports. The second position in the ranking was held by Thailand ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-9.3% per year) and Taiwan (Chinese) (+5.8% per year).

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, growing by 11% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, styrene-acrylonitrile copolymers import price increased by +57.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 42%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Saudi Arabia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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