Turkey: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Turkey

In 2022, after two years of growth, there was significant decline in the Turkish styrene-acrylonitrile copolymers market, when its value decreased by -5.8% to $X. Over the period under review, consumption, however, enjoyed a prominent expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Styrene-Acrylonitrile Copolymers Exports

Exports from Turkey

In 2022, overseas shipments of styrene-acrylonitrile (san) copolymers in primary forms increased by 207% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2013 when exports increased by 2,835% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers exports surged to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,284%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Azerbaijan (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Turkey, with a 54% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Azerbaijan exceeded the volume sent to the second major destination, Morocco (X tons), threefold. The third position in this ranking was held by Bulgaria (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (0.0% per year) and Bulgaria (+16.6% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Turkey, comprising 65% of total exports. The second position in the ranking was taken by Morocco ($X), with a 16% share of total exports. It was followed by Bulgaria, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Azerbaijan stood at +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (0.0% per year) and Bulgaria (+46.7% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, jumping by 32% against the previous year. In general, the export price showed a temperate increase. The pace of growth was the most pronounced in 2021 an increase of 120%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Iraq ($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 Mozambique (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Copolymers Imports

Imports into Turkey

In 2022, after four years of growth, there was significant decline in overseas purchases of styrene-acrylonitrile (san) copolymers in primary forms, when their volume decreased by -9.6% to X tons. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, styrene-acrylonitrile copolymers imports reduced to $X in 2022. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Turkey, with a 62% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+69.1% per year) and Germany (-6.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Turkey, comprising 57% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+89.4% per year) and the Netherlands (-3.0% per year).

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, rising by 7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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