Hong Kong SAR, China: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Hong Kong SAR, China

In 2022, the Hong Kong styrene-acrylonitrile market increased by X% to $X, rising for the second consecutive year after seven years of decline. Overall, consumption recorded a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Styrene-Acrylonitrile Production in Hong Kong SAR, China

In value terms, styrene-acrylonitrile production reduced to $X in 2022 estimated in export price. In general, production posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Styrene-Acrylonitrile Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) were exported from Hong Kong SAR; with a decrease of X% on the year before. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile exports reduced remarkably to $X in 2022. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for styrene-acrylonitrile exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%.

In value terms, China ($X) also remains the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China totaled X%.

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Styrene-Acrylonitrile Imports

Imports into Hong Kong SAR, China

For the fifth year in a row, Hong Kong SAR recorded decline in overseas purchases of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms), which decreased by X% to X tons in 2022. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, styrene-acrylonitrile imports shrank markedly to $X in 2022. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest supplier of styrene-acrylonitrile to Hong Kong SAR, accounting for a X% share of total imports. Moreover, styrene-acrylonitrile imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Malaysia (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average styrene-acrylonitrile import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :