Indonesia: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Indonesia

The Indonesian styrene-acrylonitrile market shrank to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Styrene-Acrylonitrile Production in Indonesia

In value terms, styrene-acrylonitrile production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Exports

Exports from Indonesia

In 2022, approx. X tons of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) were exported from Indonesia; growing by X% on the previous year's figure. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, styrene-acrylonitrile exports soared to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% 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 near future.

Exports by Country

China (X tons) was the main destination for styrene-acrylonitrile exports from Indonesia, accounting for a X% share of total exports. It was followed by Vietnam (X tons), with a X% share of total exports. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) remains the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Imports

Imports into Indonesia

In 2022, the amount of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) imported into Indonesia declined significantly to X tons, reducing by X% against 2021 figures. Over the period under review, imports recorded a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, styrene-acrylonitrile imports shrank to $X in 2022. In general, imports saw a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of styrene-acrylonitrile imports to Indonesia, with a combined X% share of total imports. Japan, Thailand, China, the United States and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest styrene-acrylonitrile suppliers to Indonesia were South Korea ($X), Malaysia ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. Japan, Thailand, China, Singapore and the United States lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average styrene-acrylonitrile import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

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