Report Update Nov 1, 2024

Kuwait - Styrene-Acrylonitrile (San) Copolymers in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Kuwait

The Kuwaiti styrene-acrylonitrile copolymers market shrank to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Styrene-acrylonitrile copolymers consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Styrene-Acrylonitrile Copolymers Production in Kuwait

In value terms, styrene-acrylonitrile copolymers production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a measured expansion. The growth pace was the most rapid in 2015 when the production volume increased by 245%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Kuwait

In 2017, the amount of styrene-acrylonitrile (san) copolymers in primary forms exported from Kuwait dropped dramatically to X tons, shrinking by -18.7% on 2016 figures. In general, exports showed a significant curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2017, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports fell dramatically to $X in 2017. Over the period under review, exports faced a dramatic descent. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Kuwait.

From 2012 to 2017, the average annual growth rate of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2017, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, falling by -17.8% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the average export price decreased by -17.2% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2017, 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 Saudi Arabia.

From 2012 to 2017, the rate of growth in terms of prices for Iraq amounted to 0.0% per year.

Styrene-Acrylonitrile Copolymers Imports

Imports into Kuwait

In 2022, imports of styrene-acrylonitrile (san) copolymers in primary forms into Kuwait surged to X tons, picking up by 23% on the previous year's figure. Overall, imports, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 875,483% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers imports soared to $X in 2022. Over the period under review, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 530,071% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Kuwait, accounting for a 81% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from India totaled +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-36.8% per year) and the United Arab Emirates (-20.7% per year).

In value terms, the largest styrene-acrylonitrile copolymers suppliers to Kuwait were Saudi Arabia ($X), India ($X) and the United Arab Emirates ($X), together accounting for 96% of total imports.

In terms of the main suppliers, India, with a CAGR of +9.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, with an increase of 4% against the previous year. In general, the import price posted measured growth. The growth pace was the most rapid in 2018 when the average import price increased by 56%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene-acrylonitrile (san) copolymers in primary forms in the world?

China remains the largest styrene-acrylonitrile copolymers consuming country worldwide, accounting for 24% of total volume. Moreover, styrene-acrylonitrile copolymers consumption in China exceeded the figures recorded by the second-largest consumer, Taiwan Chinese), twofold. The third position in this ranking was occupied by the United States, with a 9.9% share.

What are the largest producers of styrene-acrylonitrile (san) copolymers in primary forms in the world?

The countries with the highest volumes of in 2021 were South Korea, the United States and Taiwan Chinese), together comprising 42% of global production. These countries were followed by Japan, Hungary, Thailand, China, Germany, Saudi Arabia, the Netherlands, Spain, Mexico and Malaysia, which together accounted for a further 43%.

What are the leading suppliers of styrene-acrylonitrile (san) copolymers in primary forms to Kuwait?

In value terms, the largest styrene-acrylonitrile copolymers suppliers to Kuwait were India, Saudi Arabia and Italy, with a combined 86% share of total imports.

What is the average export price for styrene-acrylonitrile (san) copolymers in primary forms in Kuwait?

The average styrene-acrylonitrile copolymers export price stood at $1,841 per ton in 2017, waning by -17.8% against the previous year.

What is the average import price for styrene-acrylonitrile (san) copolymers in primary forms in Kuwait?

The average styrene-acrylonitrile copolymers import price stood at $1,434 per ton in 2021, waning by -31% against the previous year.

This report provides an in-depth analysis of the styrene-acrylonitrile copolymers market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20162050 - Styrene-acrylonitrile (SAN) copolymers, in primary forms

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023