India: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in India

The Indian styrene-acrylonitrile copolymers market reduced to $X in 2022, leveling off at the previous year. Overall, consumption, however, showed a mild curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Production in India

In value terms, styrene-acrylonitrile copolymers production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16%. 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 India

In 2022, exports of styrene-acrylonitrile (san) copolymers in primary forms from India skyrocketed to X tons, with an increase of 344% against the previous year's figure. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 886% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, styrene-acrylonitrile copolymers exports skyrocketed to $X in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 350% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Nigeria (X tons) was the main destination for styrene-acrylonitrile copolymers exports from India, with a 60% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Nigeria exceeded the volume sent to the second major destination, Poland (X tons), threefold. Ethiopia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria stood at +106.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+150.3% per year) and Ethiopia (+18.6% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from India, comprising 56% of total exports. The second position in the ranking was taken by Poland ($X), with a 19% share of total exports. It was followed by Ethiopia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Nigeria amounted to +105.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+114.0% per year) and Ethiopia (+25.0% per year).

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, with a decrease of -27.9% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 85%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to South Korea ($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 Ethiopia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into India

In 2022, approx. X tons of styrene-acrylonitrile (san) copolymers in primary forms were imported into India; picking up by 11% compared with 2021. In general, imports recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of 118%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, styrene-acrylonitrile copolymers imports expanded sharply to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 193% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

South Korea (X tons), Japan (X tons) and Thailand (X tons) were the main suppliers of styrene-acrylonitrile copolymers imports to India, with a combined 69% share of total imports. China, Saudi Arabia, Belgium, Taiwan (Chinese), the United States and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +51.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to India, comprising 39% of total imports. The second position in the ranking was held by Japan ($X), with a 19% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+40.6% per year) and Thailand (+29.6% per year).

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, saw a slight descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 35%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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