Japan: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Japan

In 2022, the Japanese styrene-acrylonitrile copolymers market increased by 5.6% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a slight setback. The most prominent rate of growth was recorded in 2021 when the market value increased by 6.3%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Production in Japan

In value terms, styrene-acrylonitrile copolymers production shrank slightly to $X in 2022 estimated in export price. In general, production showed a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 7.4% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Japan

Styrene-acrylonitrile copolymers exports from Japan declined sharply to X tons in 2022, dropping by -26% compared with the previous year's figure. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers exports shrank notably to $X in 2022. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Japan, with a 36% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to China exceeded the volume sent to the second major destination, India (X tons), twofold. Thailand (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+39.9% per year) and Thailand (-6.0% per year).

In value terms, China ($X) remains the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Japan, comprising 34% of total exports. The second position in the ranking was held by Thailand ($X), with a 15% share of total exports. It was followed by India, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-7.1% per year) and India (+34.7% per year).

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, surging by 4% against the previous year. In general, the export price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 8.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 Malaysia (-0.1%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Copolymers Imports

Imports into Japan

In 2022, supplies from abroad of styrene-acrylonitrile (san) copolymers in primary forms increased by 4.3% to X tons, rising for the second year in a row after three years of decline. In general, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 103%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers imports expanded notably to $X in 2022. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 132% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Japan, accounting for a 48% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+75.3% per year) and Taiwan (Chinese) (+7.2% per year).

In value terms, Thailand ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Japan, comprising 50% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 18% share of total imports. It was followed by Taiwan (Chinese), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+61.1% per year) and Taiwan (Chinese) (+7.3% per year).

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2022, surging by 4.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 31%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 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 Thailand (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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