Russian Federation: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in the Russian Federation

The Russian styrene-acrylonitrile copolymers market dropped slightly to $X in 2022, reducing by -3.2% 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). In general, consumption, however, showed a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports from the Russian Federation

In 2022, approx. X tons of styrene-acrylonitrile (san) copolymers in primary forms were exported from Russia; declining by -45.3% compared with the previous year. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 1,426% against the previous year. The exports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, styrene-acrylonitrile copolymers exports declined rapidly to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,675%. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Belarus (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Russia, with a 92% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Belarus totaled +110.9%.

In value terms, Belarus ($X) remains the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Russia, comprising 97% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus totaled +99.3%.

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, which is down by -3.5% against the previous year. In general, the export price saw a abrupt slump. The growth pace was the most rapid in 2021 when the average export price increased by 36%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+26.2%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Copolymers Imports

Imports into the Russian Federation

In 2022, purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 40%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers imports reduced to $X in 2022. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Russia, accounting for a 56% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from Thailand exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-12.3% per year) and China (+2.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Russia, comprising 50% of total imports. The second position in the ranking was held by South Korea ($X), with a 23% share of total imports. It was followed by China, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.8% per year) and China (+6.1% per year).

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, shrinking by -19% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 55%. As a result, import price attained the peak level of $X per ton, and then reduced dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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