United Arab Emirates: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in the United Arab Emirates

The styrene-acrylonitrile market in the United Arab Emirates fell significantly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, continues to indicate a measured increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Styrene-Acrylonitrile Production in the United Arab Emirates

In value terms, styrene-acrylonitrile production reduced to $X in 2022 estimated in export price. In general, production, however, posted a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Exports

Exports from the United Arab Emirates

In 2022, overseas shipments 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. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, styrene-acrylonitrile exports fell markedly to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for styrene-acrylonitrile exports from the United Arab Emirates, with a X% share of total exports. Moreover, styrene-acrylonitrile exports to Malaysia exceeded the volume sent to the second major destination, Yemen (X tons), sixfold. Azerbaijan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and Azerbaijan (X% per year).

In value terms, Malaysia ($X), Yemen ($X) and Turkey ($X) were the largest markets for styrene-acrylonitrile exported from the United Arab Emirates worldwide, together comprising X% of total exports.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Styrene-Acrylonitrile Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile imports fell remarkably to $X in 2022. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

Saudi Arabia (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of styrene-acrylonitrile imports to the United Arab Emirates, together comprising X% of total imports. India and Malaysia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Saudi Arabia ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the largest styrene-acrylonitrile suppliers to the United Arab Emirates, together accounting for X% of total imports. India and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to 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, rising by X% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price 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, styrene-acrylonitrile import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Malaysia ($X per ton), while the price for Saudi Arabia ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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