Luxembourg: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Luxembourg

The Luxembourg styrene-acrylonitrile copolymers market contracted to $X in 2022, with a decrease of -8.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate significant growth. Styrene-acrylonitrile copolymers consumption peaked at $X in 2021, and then fell in the following year.

Styrene-Acrylonitrile Copolymers Exports

Exports from Luxembourg

For the third consecutive year, Luxembourg recorded growth in shipments abroad of styrene-acrylonitrile (san) copolymers in primary forms, which increased by 87% to X tons in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 165%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, styrene-acrylonitrile copolymers exports soared to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 221% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Luxembourg, accounting for a 80% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), eightfold. Russia (X tons) ranked third in terms of total exports with a 5% share.

From 2015 to 2022, the average annual growth rate of volume to Belgium stood at +229.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+125.4% per year) and Russia (+52.9% per year).

In value terms, Belgium ($X) emerged as the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Luxembourg, comprising 58% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by Russia, with an 11% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Belgium stood at +186.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+117.9% per year) and Russia (+43.0% per year).

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, shrinking by -32.1% against the previous year. In general, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.7%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Copolymers Imports

Imports into Luxembourg

In 2022, the amount of styrene-acrylonitrile (san) copolymers in primary forms imported into Luxembourg dropped to X tons, declining by -6.9% against the previous year's figure. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2016 with an increase of 148%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, styrene-acrylonitrile copolymers imports amounted to $X in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 115% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons) and Germany (X tons) were the main suppliers of styrene-acrylonitrile copolymers imports to Luxembourg.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +127.3%).

In value terms, the largest styrene-acrylonitrile copolymers suppliers to Luxembourg were Germany ($X) and the Netherlands ($X).

Among the main suppliers, the Netherlands, with a CAGR of +120.3%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, picking up by 11% 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 52%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.6%).

Source: IndexBox Platform

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