Slovenia: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Slovenia

After two years of growth, the Slovene styrene-acrylonitrile copolymers market decreased by -19.9% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports from Slovenia

In 2022, approx. X tons of styrene-acrylonitrile (san) copolymers in primary forms were exported from Slovenia; falling by -39% on the year before. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 3,024% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers exports contracted significantly to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 2,286% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Slovenia, accounting for a 57% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Hungary (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.7% per year) and Hungary (+1.6% per year).

In value terms, the largest markets for styrene-acrylonitrile copolymers exported from Slovenia were Italy ($X), Germany ($X) and Hungary ($X), together comprising 83% of total exports.

Italy, with a CAGR of +14.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, leveling off at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices hit record highs 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 the Czech Republic ($X per ton), while the average price for exports to Italy ($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 the Czech Republic (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Slovenia

In 2022, approx. X tons of styrene-acrylonitrile (san) copolymers in primary forms were imported into Slovenia; waning by -25.6% against the previous year. Overall, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 443%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers imports declined notably to $X in 2022. In general, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 266%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of styrene-acrylonitrile copolymers to Slovenia, with a 76% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by South Korea (X tons), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-12.7% per year) and South Korea (-5.4% per year).

In value terms, Germany ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Slovenia, comprising 80% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by South Korea, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.2% per year) and South Korea (-3.3% per year).

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, growing by 9.3% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, styrene-acrylonitrile copolymers import price increased by +105.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 88%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Austria ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform