MERCOSUR: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in MERCOSUR

The MERCOSUR styrene-acrylonitrile copolymers market fell markedly to $X in 2022, with a decrease of -33.3% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Styrene-Acrylonitrile Copolymers Production in MERCOSUR

In value terms, styrene-acrylonitrile copolymers production rose modestly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports in MERCOSUR

After two years of growth, shipments abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by -65.8% to X tons in 2022. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 178% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers exports contracted dramatically to $X in 2022. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 203% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Argentina (X tons) and Colombia (X tons) represented the major exporters of styrene-acrylonitrile (san) copolymers in primary forms in MERCOSUR, together making up 76% of total exports. It was distantly followed by Peru (X tons), comprising a 20% share of total exports. Brazil (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of -1.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest styrene-acrylonitrile copolymers supplying countries in MERCOSUR were Argentina ($X), Colombia ($X) and Peru ($X), together comprising 95% of total exports.

Argentina, with a CAGR of +0.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by 3.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 31%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Argentina ($X per ton) and Brazil ($X per ton), while Colombia ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Styrene-Acrylonitrile Copolymers Imports

Imports in MERCOSUR

Styrene-acrylonitrile copolymers imports fell dramatically to X tons in 2022, dropping by -40.2% against the previous year. Over the period under review, imports continue to indicate a slight descent. The growth pace was the most rapid in 2021 when imports increased by 47%. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, styrene-acrylonitrile copolymers imports shrank significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 99.9%. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

Brazil represented the largest importer of styrene-acrylonitrile (san) copolymers in primary forms in MERCOSUR, with the volume of imports recording X tons, which was approx. 69% of total imports in 2022. Argentina (X tons) held the second position in the ranking, followed by Venezuela (X tons), Colombia (X tons) and Peru (X tons). All these countries together took near 29% share of total imports.

Imports into Brazil decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Venezuela (+17.4%), Peru (+3.1%) and Colombia (+1.6%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +17.4% from 2012-2022. By contrast, Argentina (-8.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Venezuela, Colombia and Peru increased by +6.5, +1.8 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported styrene-acrylonitrile (san) copolymers in primary forms in MERCOSUR, comprising 70% of total imports. The second position in the ranking was held by Venezuela ($X), with a 10% share of total imports. It was followed by Argentina, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Venezuela (+18.7% per year) and Argentina (-6.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by 7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2021 an increase of 36%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Venezuela ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform