Portugal: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Portugal

The Portuguese styrene-acrylonitrile copolymers market reduced markedly to $X in 2022, waning by -16.9% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Styrene-Acrylonitrile Copolymers Production in Portugal

In value terms, styrene-acrylonitrile copolymers production fell significantly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Portugal

In 2022, after six years of growth, there was significant decline in overseas shipments of styrene-acrylonitrile (san) copolymers in primary forms, when their volume decreased by -20.8% to X tons. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 125%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted significantly in the following year.

In value terms, styrene-acrylonitrile copolymers exports contracted notably to $X in 2022. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 160% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Angola (X tons), Spain (X tons) and Cabo Verde (X tons) were the main destinations of styrene-acrylonitrile copolymers exports from Portugal, together comprising 82% 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 Angola (with a CAGR of +137.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for styrene-acrylonitrile copolymers exported from Portugal were Spain ($X), Angola ($X) and Cabo Verde ($X), together comprising 83% of total exports. Mozambique, Kenya and Switzerland lagged somewhat behind, together accounting for a further 14%.

Among the main countries of destination, Kenya, with a CAGR of +132.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, picking up by 4.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Cabo Verde ($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 Mozambique (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Portugal

In 2022, the amount of styrene-acrylonitrile (san) copolymers in primary forms imported into Portugal fell sharply to X tons, with a decrease of -24.7% on 2021 figures. Overall, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, styrene-acrylonitrile copolymers imports reduced sharply to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +79.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 116%. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of styrene-acrylonitrile copolymers to Portugal, accounting for a 35% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.2% per year) and the Netherlands (+1.5% per year).

In value terms, the largest styrene-acrylonitrile copolymers suppliers to Portugal were South Korea ($X), Germany ($X) and Italy ($X), together accounting for 58% of total imports. The Netherlands, the Czech Republic, Sweden, Belgium and Spain lagged somewhat behind, together accounting for a further 41%.

The Czech Republic, with a CAGR of +110.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 copolymers import price amounted to $X per ton, increasing by 10% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 49%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :