South Africa: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in South Africa

The South African styrene-acrylonitrile copolymers market declined to $X in 2022, shrinking by -12.4% 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). Overall, consumption saw a slight decline. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports from South Africa

In 2022, the amount of styrene-acrylonitrile (san) copolymers in primary forms exported from South Africa reduced notably to X tons, with a decrease of -15.9% on 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 99%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports contracted markedly to $X in 2022. Overall, exports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 when exports increased by 178%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Swaziland (X tons), Zimbabwe (X tons) and Mozambique (X tons) were the main destinations of styrene-acrylonitrile copolymers exports from South Africa.

From 2012 to 2022, the biggest increases were recorded for Zimbabwe (with a CAGR of +22.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Swaziland ($X), Zimbabwe ($X) and Mozambique ($X) appeared to be the largest markets for styrene-acrylonitrile copolymers exported from South Africa worldwide.

Among the main countries of destination, Zimbabwe, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the maximum 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Zimbabwe ($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 Namibia (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Styrene-Acrylonitrile Copolymers Imports

Imports into South Africa

After two years of growth, purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by -5% to X tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 43%. Imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, styrene-acrylonitrile copolymers imports reduced notably to $X in 2022. Overall, imports saw a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of 77% against the previous year. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to South Africa, accounting for a 76% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.1% per year) and the Netherlands (-9.9% per year).

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and the Netherlands ($X) appeared to be the largest styrene-acrylonitrile copolymers suppliers to South Africa, together comprising 96% of total imports.

South Korea, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2022, which is down by -15.5% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 33%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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