Italy: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Italy

In 2022, the Italian styrene-acrylonitrile copolymers market increased by 43% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Styrene-Acrylonitrile Copolymers Production in Italy

In value terms, styrene-acrylonitrile copolymers production dropped significantly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Styrene-Acrylonitrile Copolymers Exports

Exports from Italy

In 2022, overseas shipments of styrene-acrylonitrile (san) copolymers in primary forms decreased by -30.9% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, posted a perceptible increase. The growth pace was the most rapid in 2020 when exports increased by 78% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports declined notably to $X in 2022. In general, exports, however, recorded a temperate increase. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Hungary (X tons), Romania (X tons) and the Czech Republic (X tons) were the main destinations of styrene-acrylonitrile copolymers exports from Italy, with a combined 47% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +30.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for styrene-acrylonitrile copolymers exported from Italy were Hungary ($X), Romania ($X) and Germany ($X), with a combined 47% share of total exports.

Hungary, with a CAGR of +30.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, surging by 13% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per ton) and the UK ($X per ton), while the average price for exports to Poland ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Italy

Styrene-acrylonitrile copolymers imports into Italy shrank to X tons in 2022, which is down by -6.3% on the previous year. Over the period under review, imports saw a mild setback. The growth pace was the most rapid in 2017 with an increase of 10%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers imports expanded markedly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Italy, accounting for a 51% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.4% per year) and Spain (+19.5% per year).

In value terms, Germany ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Italy, comprising 49% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.9% per year) and Spain (+17.5% per year).

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2022, jumping by 19% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +75.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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