United Kingdom: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in the UK

The UK styrene-acrylonitrile copolymers market reduced dramatically to $X in 2022, waning by -28.2% against the previous year. In general, consumption recorded a perceptible downturn. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Styrene-Acrylonitrile Copolymers Production in the UK

In value terms, styrene-acrylonitrile copolymers production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 59%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports from the UK

In 2022, styrene-acrylonitrile copolymers exports from the UK contracted to X tons, declining by -11.2% compared with the previous year's figure. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 424% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, styrene-acrylonitrile copolymers exports shrank significantly to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 408%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of styrene-acrylonitrile copolymers exports from the UK, together accounting for 76% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +68.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from the UK, comprising 38% of total exports. The second position in the ranking was held by Ireland ($X), with a 17% share of total exports. It was followed by Malaysia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +52.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+28.7% per year) and Malaysia (+63.8% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, with a decrease of -14.5% against the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2013 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average 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 ($X per ton), while the average price for exports to Vietnam ($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 Malaysia (+51.6%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Copolymers Imports

Imports into the UK

In 2022, the amount of styrene-acrylonitrile (san) copolymers in primary forms imported into the UK dropped sharply to X tons, falling by -32.5% against the previous year's figure. Overall, imports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2018 with an increase of 113% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers imports dropped notably to $X in 2022. In general, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2018 when imports increased by 126% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ireland (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of styrene-acrylonitrile copolymers imports to the UK, together accounting for 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +166.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest styrene-acrylonitrile copolymers suppliers to the UK were the Netherlands ($X), Germany ($X) and Ireland ($X), together accounting for 55% of total imports.

Ireland, with a CAGR of +122.8%, saw the highest growth rate of 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, growing by 3.9% against the previous year. Over the period under review, the import price, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 6.2%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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