Jordan: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Jordan

The Jordanian styrene-acrylonitrile copolymers market totaled $X in 2022, growing by 6.3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Styrene-Acrylonitrile Copolymers Production in Jordan

In value terms, styrene-acrylonitrile copolymers production expanded significantly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 37%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Jordan

Styrene-acrylonitrile copolymers exports from Jordan stood at X tons in 2022, increasing by 6.4% on the previous year. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, styrene-acrylonitrile copolymers exports soared to $X in 2022. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Jordan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Syrian Arab Republic totaled +84.6%.

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

From 2012 to 2022, the average annual growth rate of value to Syrian Arab Republic stood at +114.2%.

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, jumping by 15% against the previous year. Overall, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Syrian Arab Republic.

From 2012 to 2022, the rate of growth in terms of prices for Syrian Arab Republic amounted to +16.1% per year.

Styrene-Acrylonitrile Copolymers Imports

Imports into Jordan

For the third year in a row, Jordan recorded growth in overseas purchases of styrene-acrylonitrile (san) copolymers in primary forms, which increased by 31% to X tons in 2022. In general, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 3,584%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers imports soared to $X in 2022. Overall, imports, however, recorded a pronounced reduction. The growth pace was the most rapid in 2017 with an increase of 3,206% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Jordan, accounting for a 52% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was held by Saudi Arabia (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+19.9% per year) and Saudi Arabia (-18.6% per year).

In value terms, China ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Jordan, comprising 52% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 22% share of total imports. It was followed by Saudi Arabia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+30.0% per year) and Saudi Arabia (-14.5% per year).

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2022, rising by 21% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.9% 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 +6.1% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 66% 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 highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Italy ($X per ton), while the price for Saudi Arabia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform