Saudi Arabia: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Saudi Arabia

The Saudi styrene-acrylonitrile market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption posted a resilient expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Styrene-Acrylonitrile Production in Saudi Arabia

In value terms, styrene-acrylonitrile production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Styrene-acrylonitrile production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Exports

Exports from Saudi Arabia

In 2022, the amount of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exported from Saudi Arabia shrank to X tons, waning by X% against the previous year. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, styrene-acrylonitrile exports contracted dramatically to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Turkey (X tons) was the main destination for styrene-acrylonitrile exports from Saudi Arabia, with a X% share of total exports. Moreover, styrene-acrylonitrile exports to Turkey exceeded the volume sent to the second major destination, Brazil (X tons), threefold. The third position in this ranking was taken by India (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and India (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

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

Styrene-Acrylonitrile Imports

Imports into Saudi Arabia

For the fourth consecutive year, Saudi Arabia recorded decline in overseas purchases of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms), which decreased by X% to X tons in 2016. Overall, imports continue to indicate a sharp curtailment. The smallest decline of X% was in 2013. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2016, imports remained at a lower figure.

In value terms, styrene-acrylonitrile imports dropped remarkably to $X in 2016. In general, imports continue to indicate a dramatic descent. The smallest decline of X% was in 2013. Imports peaked at $X in 2012; however, from 2013 to 2016, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of styrene-acrylonitrile imports to Saudi Arabia, together comprising X% of total imports.

From 2012 to 2016, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest styrene-acrylonitrile suppliers to Saudi Arabia were Malaysia ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for X% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2016, the average styrene-acrylonitrile import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 a decrease of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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