Thailand: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Thailand

In 2022, the Thai styrene-acrylonitrile market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed strong growth. Styrene-acrylonitrile consumption peaked in 2022 and is likely to see steady growth in the near future.

Styrene-Acrylonitrile Production in Thailand

In value terms, styrene-acrylonitrile production declined to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Styrene-Acrylonitrile Exports

Exports from Thailand

Styrene-acrylonitrile exports from Thailand shrank rapidly to X tons in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, styrene-acrylonitrile exports declined markedly to $X in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for styrene-acrylonitrile exports from Thailand, with a X% share of total exports. Moreover, styrene-acrylonitrile exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold. The third position in this ranking was taken by India (X tons), with a X% share.

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

In value terms, China ($X) remains the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 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 China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

The average styrene-acrylonitrile export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price recorded a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. 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 United States ($X per ton), while the average price for exports to China ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Imports

Imports into Thailand

In 2022, overseas purchases of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, styrene-acrylonitrile imports contracted to $X in 2022. Over the period under review, imports showed a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

South Korea (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of styrene-acrylonitrile imports to Thailand, together comprising X% of total imports. China, Japan, Germany and Vietnam lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest styrene-acrylonitrile suppliers to Thailand were South Korea ($X), Malaysia ($X) and China ($X), with a combined X% share of total imports. Japan, Taiwan (Chinese), Germany and Vietnam lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and Japan ($X per ton), while the price for Malaysia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :