Saudi Arabia: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Saudi Arabia

In 2022, the Saudi styrene-acrylonitrile copolymers market increased by 0.9% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a buoyant increase. Styrene-acrylonitrile copolymers consumption peaked in 2022 and is expected to retain growth in years to come.

Styrene-Acrylonitrile Copolymers Production in Saudi Arabia

In value terms, styrene-acrylonitrile copolymers production reached $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 75%. Styrene-acrylonitrile copolymers production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Saudi Arabia

In 2022, exports of styrene-acrylonitrile (san) copolymers in primary forms from Saudi Arabia totaled X tons, remaining relatively unchanged against 2021. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 120%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers exports stood at $X in 2022. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 105%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Egypt (X tons), Algeria (X tons) and Lebanon (X tons) were the main destinations of styrene-acrylonitrile copolymers exports from Saudi Arabia, with a combined 78% share of total exports. The United Arab Emirates, Nigeria, Morocco and Tunisia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +9.7%), while the other leaders experienced a decline.

In value terms, Egypt ($X), Algeria ($X) and Lebanon ($X) were the largest markets for styrene-acrylonitrile copolymers exported from Saudi Arabia worldwide, with a combined 76% share of total exports. The United Arab Emirates, Nigeria, Morocco and Tunisia lagged somewhat behind, together accounting for a further 22%.

The United Arab Emirates, with a CAGR of +14.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 44% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Morocco ($X per ton) and Nigeria ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Saudi Arabia

In 2014, approx. X tons of styrene-acrylonitrile (san) copolymers in primary forms were imported into Saudi Arabia; growing by 95% against the year before. Over the period under review, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, styrene-acrylonitrile copolymers imports surged to $X in 2014. In general, total imports indicated resilient growth from 2012 to 2014: its value increased at an average annual rate of +8.2% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2014, the United States (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Saudi Arabia, with a 79% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2014, the average annual growth rate of volume from the United States totaled +491.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-43.5% per year) and Singapore (-20.9% per year).

In value terms, the United States ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Saudi Arabia, comprising 77% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 6% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2014, the average annual rate of growth in terms of value from the United States amounted to +447.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-48.3% per year) and Germany (0.0% per year).

Import Prices by Country

In 2014, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, shrinking by -15% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price decreased by -3.2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2014, import prices failed to regain momentum.

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

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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