Lithuania: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Lithuania

In 2022, the Lithuanian styrene-acrylonitrile copolymers market increased by 2.5% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Styrene-acrylonitrile copolymers consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Production in Lithuania

In value terms, styrene-acrylonitrile copolymers production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. Styrene-acrylonitrile copolymers production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Lithuania

In 2022, the amount of styrene-acrylonitrile (san) copolymers in primary forms exported from Lithuania shrank dramatically to X tons, with a decrease of -97.3% against 2021 figures. Overall, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2014 when exports increased by 546% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports fell dramatically to $X in 2022. Over the period under review, exports faced a significant contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 582% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Belarus (X tons) and Latvia (X kg) were the main destinations of styrene-acrylonitrile copolymers exports from Lithuania, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of -12.3%), while the other leaders experienced a decline.

In value terms, the largest markets for styrene-acrylonitrile copolymers exported from Lithuania were Latvia ($X), Belarus ($X) and Estonia ($X), with a combined 86% share of total exports.

In terms of the main countries of destination, Estonia, with a CAGR of -1.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, picking up by 38% against the previous year. In general, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 88% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($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 Estonia (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Lithuania

In 2022, after two years of decline, there was significant growth in purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms, when their volume increased by 22% to X tons. Over the period under review, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2015 with an increase of 178%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers imports stood at $X in 2022. Overall, imports, however, showed a deep reduction. The growth pace was the most rapid in 2018 when imports increased by 119%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of styrene-acrylonitrile copolymers imports to Lithuania, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +39.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Lithuania, comprising 46% of total imports. The second position in the ranking was taken by Denmark ($X), with a 17% share of total imports. It was followed by Poland, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+19.7% per year) and Poland (-19.6% per year).

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, which is down by -10.8% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 74% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then shrank in the following year.

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 the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform