Iceland: Styrene-Acrylonitrile Market 2020

Styrene-Acrylonitrile Market Size in Iceland

The revenue of the styrene-acrylonitrile market in Iceland amounted to $X in 2018, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, styrene-acrylonitrile consumption continues to indicate an abrupt deduction. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. Iceland styrene-acrylonitrile consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Styrene-Acrylonitrile Exports

Exports from Iceland

In 2018, the amount of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exported from Iceland totaled X kg, dropping by -X% against the previous year. Overall, styrene-acrylonitrile exports, however, continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, styrene-acrylonitrile exports attained their maximum at X tons in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, styrene-acrylonitrile exports amounted to $X in 2018. Over the period under review, styrene-acrylonitrile exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Iceland exports peaked at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

South Korea (X tons) and Taiwan, Chinese (X tons) represented roughly X% of total exports of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in 2018. China, Hong Kong SAR (X tons) took the next position in the ranking, followed by Belgium (X tons), Malaysia (X tons) and the Netherlands (X tons). All these countries together took approx. X% share of total exports. Thailand (X tons) held a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Iceland, while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan, Chinese ($X) and China, Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Belgium, Malaysia, the Netherlands, Thailand and Iceland, which together accounted for a further X terms of the main exporting countries, Iceland experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the styrene-acrylonitrile export price in Iceland amounted to $X per ton, rising by X% against the previous year. Over the period under review, the styrene-acrylonitrile export price, however, continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) attained their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in South Korea ($X per ton) and Taiwan, Chinese ($X per ton), while Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Styrene-Acrylonitrile Imports

Imports into Iceland

In 2018, the styrene-acrylonitrile imports into Iceland totaled X tons, shrinking by -X% against the previous year. In general, styrene-acrylonitrile imports continue to indicate an abrupt reduction. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Iceland imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile imports amounted to $X in 2018. Overall, styrene-acrylonitrile imports continue to indicate an abrupt decline. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tons) was the largest importer of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms), generating X% of total imports. China, Hong Kong SAR (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%). Vietnam (X tons), the U.S. (X tons), Thailand (X tons), Turkey (X tons), Italy (X tons), India (X tons), Mexico (X tons), Indonesia (X tons) and Malaysia (X tons) took a minor share of total imports.

Imports into China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, India (+X%), Indonesia (+X%), Vietnam (+X%), Turkey (+X%), Mexico (+X%), Thailand (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Malaysia and Italy experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.), India (+X p.p.), Germany (+X p.p.), Indonesia (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the global imports, while China and China, Hong Kong SAR saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) into Iceland, comprising X% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In China, styrene-acrylonitrile imports remained relatively stable over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (-X% per year) and Germany (+X% per year).

Import Prices by Country

The styrene-acrylonitrile import price in Iceland stood at $X per ton in 2018, picking up by X% against the previous year. Overall, the styrene-acrylonitrile import price, however, continues to indicate a drastic decrease. The growth pace was the most rapid in 2017 when the import price increased by X% y-o-y. Over the period under review, the import prices for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) reached their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Mexico ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform