United Arab Emirates: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in the United Arab Emirates

In 2022, the styrene-acrylonitrile copolymers market in the United Arab Emirates increased by 74% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Styrene-Acrylonitrile Copolymers Production in the United Arab Emirates

In value terms, styrene-acrylonitrile copolymers production declined modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 51% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports from the United Arab Emirates

Styrene-acrylonitrile copolymers exports from the United Arab Emirates fell sharply to X tons in 2022, reducing by -45.1% compared with 2021. Overall, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 132% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports reduced slightly to $X in 2022. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 66% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Tanzania (X tons) was the main destination for styrene-acrylonitrile copolymers exports from the United Arab Emirates, with a 63% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Tanzania exceeded the volume sent to the second major destination, Egypt (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Tanzania stood at +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+8.3% per year) and Serbia (0.0% per year).

In value terms, Tanzania ($X) emerged as the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from the United Arab Emirates, comprising 75% of total exports. The second position in the ranking was taken by Egypt ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania totaled +105.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+2.3% per year) and Serbia (0.0% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, surging by 77% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure 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 Tanzania ($X per ton), while the average price for exports to Serbia ($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 Tanzania (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

Styrene-Acrylonitrile Copolymers Imports

Imports into the United Arab Emirates

In 2022, styrene-acrylonitrile copolymers imports into the United Arab Emirates skyrocketed to X tons, picking up by 29% against the previous year. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 542% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers imports shrank to $X in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 390% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

South Korea (X tons), China (X tons) and India (X tons) were the main suppliers of styrene-acrylonitrile copolymers imports to the United Arab Emirates, together accounting for 37% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +475.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest styrene-acrylonitrile copolymers suppliers to the United Arab Emirates were South Korea ($X), China ($X) and India ($X), together comprising 40% of total imports.

Among the main suppliers, South Korea, with a CAGR of +505.2%, saw 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 copolymers import price amounted to $X per ton, declining by -30% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 96%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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