Portugal: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Portugal

The Portuguese styrene-acrylonitrile market shrank sharply to $X in 2022, waning by X% against the previous year. In general, consumption recorded a noticeable reduction. Styrene-acrylonitrile consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Styrene-Acrylonitrile Production in Portugal

In value terms, styrene-acrylonitrile production shrank remarkably to $X in 2022 estimated in export price. Overall, production showed a sharp contraction. The growth pace was the most rapid in 2017 when the production volume increased by X%. Styrene-acrylonitrile production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Styrene-Acrylonitrile Exports

Exports from Portugal

After six years of growth, overseas shipments of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) decreased by X% to X tons in 2022. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped markedly in the following year.

In value terms, styrene-acrylonitrile exports reduced rapidly to $X in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Spain (X tons) was the main destination for styrene-acrylonitrile exports from Portugal, with a X% share of total exports. Moreover, styrene-acrylonitrile exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by Angola (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Angola (X% per year).

In value terms, Spain ($X) remains the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Portugal, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Angola, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Brazil ($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 Switzerland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Styrene-Acrylonitrile Imports

Imports into Portugal

Styrene-acrylonitrile imports into Portugal dropped to X tons in 2022, waning by X% on the previous year's figure. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile imports contracted to $X in 2022. In general, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Germany (X tons), South Korea (X tons) and Spain (X tons) were the main suppliers of styrene-acrylonitrile imports to Portugal, with a combined X% share of total imports. Italy, Belgium, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest styrene-acrylonitrile suppliers to Portugal were Germany ($X), South Korea ($X) and Spain ($X), together accounting for X% of total imports. Italy, Belgium, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average styrene-acrylonitrile import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and the Netherlands ($X per ton), while the price for Spain ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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