Israel: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Israel

The Israeli styrene-acrylonitrile copolymers market declined to $X in 2022, dropping by -11.3% 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). Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Israel

In 2022, shipments abroad of styrene-acrylonitrile (san) copolymers in primary forms increased by 63% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 109% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by 272% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Israel, accounting for a 69% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Russia exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and Brazil (-40.9% per year).

In value terms, Russia ($X) emerged as the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Israel, comprising 69% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and Brazil (-38.1% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, with an increase of 10% against the previous year. Overall, the export price posted a notable increase. The pace of growth appeared the most rapid in 2017 an increase of 78%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Brazil ($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 Brazil (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Israel

In 2022, styrene-acrylonitrile copolymers imports into Israel shrank notably to X tons, reducing by -17.3% compared with 2021. Over the period under review, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of 101% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers imports contracted to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 71%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of styrene-acrylonitrile copolymers to Israel, accounting for a 74% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+51.4% per year) and Taiwan (Chinese) (+3.2% per year).

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Israel, comprising 74% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+61.8% per year) and Taiwan (Chinese) (+5.5% per year).

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, styrene-acrylonitrile copolymers import price increased by +57.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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