EU: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in the EU

In 2022, the EU styrene-acrylonitrile copolymers market decreased by -2.7% to $X for the first time since 2016, thus ending a five-year rising trend. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +62.8% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped slightly in the following year.

Styrene-Acrylonitrile Copolymers Production in the EU

In value terms, styrene-acrylonitrile copolymers production reached $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +77.1% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Styrene-Acrylonitrile Copolymers Exports

Exports in the EU

In 2022, the amount of styrene-acrylonitrile (san) copolymers in primary forms exported in the European Union fell dramatically to X tons, which is down by -35.5% against 2021 figures. In general, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2016 when exports increased by 32%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers exports declined remarkably to $X in 2022. Overall, exports showed a mild setback. The growth pace was the most rapid in 2021 when exports increased by 47%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

The Netherlands was the main exporting country with an export of about X tons, which amounted to 48% of total exports. Italy (X tons) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Spain (8.7%), Hungary (8.6%) and Belgium (4.7%). Poland (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to styrene-acrylonitrile copolymers exports from the Netherlands stood at -4.9%. At the same time, Poland (+45.3%), Hungary (+41.7%), Spain (+20.3%) and Italy (+2.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +45.3% from 2012-2022. By contrast, Belgium (-13.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary, Italy, Spain and Poland increased by +8.3, +8, +7.6 and +1.7 percentage points, respectively.

In value terms, the Netherlands ($X) remains the largest styrene-acrylonitrile copolymers supplier in the European Union, comprising 45% of total exports. The second position in the ranking was held by Italy ($X), with a 21% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled -4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+3.7% per year) and Spain (+21.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by 13% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 55%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Spain ($X per ton) and Poland ($X per ton), while Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.2%), while the other leaders experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports in the EU

In 2022, after two years of growth, there was significant decline in purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms, when their volume decreased by -26.6% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 15%. The volume of import peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, styrene-acrylonitrile copolymers imports shrank markedly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 56%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, Hungary (X tons), distantly followed by Italy (X tons), Germany (X tons), the Czech Republic (X tons) and Poland (X tons) represented the main importers of styrene-acrylonitrile (san) copolymers in primary forms, together achieving 70% of total imports. France (X tons), Belgium (X tons), Spain (X tons), the Netherlands (X tons), Slovenia (X tons), Romania (X tons) and Finland (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest styrene-acrylonitrile copolymers importing markets in the European Union were Hungary ($X), Italy ($X) and Germany ($X), with a combined 52% share of total imports. Poland, the Czech Republic, France, Belgium, Spain, Slovenia, Romania, the Netherlands and Finland lagged somewhat behind, together comprising a further 39%.

Finland, with a CAGR of +23.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, with an increase of 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 42%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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