Greece: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Greece

The Greek styrene-acrylonitrile copolymers market shrank to $X in 2022, waning by -9% against the previous year. In general, consumption saw a pronounced shrinkage. Styrene-acrylonitrile copolymers consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Production in Greece

In value terms, styrene-acrylonitrile copolymers production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight reduction. The growth pace was the most rapid in 2017 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports from Greece

Styrene-acrylonitrile copolymers exports from Greece surged to X tons in 2022, increasing by 24% against 2021 figures. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 244% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports surged to $X in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 208% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; afterwards, it flattened through to 2022.

Exports by Country

Brazil (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Greece, with a 96% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Brazil exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +39.6%.

In value terms, Brazil ($X) remains the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Greece, comprising 95% of total exports. The second position in the ranking was taken by Mexico ($X), with a 2.6% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Brazil amounted to +34.8%.

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, with a decrease of -4.5% against the previous year. Overall, the export price showed a mild shrinkage. The pace of growth was the most pronounced in 2019 an increase of 22% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Mexico amounted to $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.5%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Copolymers Imports

Imports into Greece

Styrene-acrylonitrile copolymers imports into Greece dropped notably to X tons in 2022, waning by -32.1% against the previous year. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 80%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers imports declined significantly to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 110% against the previous year. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Greece, accounting for a 87% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.0% per year) and Germany (+31.9% per year).

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Greece, comprising 74% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+46.6% per year) and Italy (+7.3% per year).

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2022, surging by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 an increase of 30%. The import price peaked in 2022 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 Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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