Indonesia: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Indonesia

In 2022, the Indonesian styrene-acrylonitrile copolymers market increased by 21% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +108.4% against 2020 indices. Styrene-acrylonitrile copolymers consumption peaked in 2022 and is expected to retain growth in the immediate term.

Styrene-Acrylonitrile Copolymers Exports

Exports from Indonesia

In 2022, the amount of styrene-acrylonitrile (san) copolymers in primary forms exported from Indonesia surged to X tons, jumping by 18% against the previous year. In general, exports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2019 with an increase of 363%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 333% against the previous year. The exports peaked 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 copolymers exports from Indonesia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +33.0%.

In value terms, China ($X) also remains the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Indonesia.

From 2012 to 2022, the average annual growth rate of value to China amounted to +48.2%.

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, with an increase of 8.9% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of 71%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 +11.4% per year.

Styrene-Acrylonitrile Copolymers Imports

Imports into Indonesia

In 2022, supplies from abroad of styrene-acrylonitrile (san) copolymers in primary forms increased by 25% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +8.6% 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 +67.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, styrene-acrylonitrile copolymers imports skyrocketed to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +123.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 86%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, South Korea (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Indonesia, with a 53% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.1% per year) and Japan (+2.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Indonesia, comprising 49% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 23% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.6% per year) and Japan (-2.4% per year).

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2022, falling by -3.9% against the previous year. Overall, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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