Spain: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Spain

In 2022, the Spanish styrene-acrylonitrile copolymers market decreased by -4.3% to $X, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Styrene-Acrylonitrile Copolymers Production in Spain

In value terms, styrene-acrylonitrile copolymers production expanded modestly to $X in 2022 estimated in export price. In general, production saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Spain

In 2022, styrene-acrylonitrile copolymers exports from Spain fell rapidly to X tons, declining by -49.7% compared with 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 502%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports shrank notably to $X in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 442%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Spain, accounting for a 43% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+79.2% per year) and the UK (+146.3% per year).

In value terms, Italy ($X) remains the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Spain, comprising 53% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+156.6% per year) and Germany (+76.9% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, growing by 40% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 export price increased by +133.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 67% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to France ($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 Belgium (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Spain

In 2022, after two years of growth, there was significant decline in supplies from abroad of styrene-acrylonitrile (san) copolymers in primary forms, when their volume decreased by -65.3% to X tons. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 78% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped notably in the following year.

In value terms, styrene-acrylonitrile copolymers imports fell markedly to $X in 2022. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of styrene-acrylonitrile copolymers imports to Spain, together comprising 65% of total imports. Germany, the Netherlands, South Korea, Portugal and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Germany ($X) constituted the largest styrene-acrylonitrile copolymers suppliers to Spain, with a combined 59% share of total imports. Mexico, the Netherlands, South Korea, Portugal and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 37%.

Portugal, with a CAGR of +14.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, picking up by 17% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Mexico ($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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :