Africa: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Africa

The African styrene-acrylonitrile copolymers market declined to $X in 2023, shrinking by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Production in Africa

In value terms, styrene-acrylonitrile copolymers production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports in Africa

In 2023, the amount of styrene-acrylonitrile (san) copolymers in primary forms exported in Africa soared to X tons, increasing by X% compared with the previous year's figure. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers exports rose remarkably to $X in 2023. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of styrene-acrylonitrile (san) copolymers in primary forms, namely Kenya, Egypt and South Africa, represented more than two-thirds of total export. It was distantly followed by Tunisia (X tons), mixing up a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kenya (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), Egypt ($X) and South Africa ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Kenya, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, shrinking by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Kenya ($X per ton) and Egypt ($X per ton), while Tunisia ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced a decline in the export price figures.

Styrene-Acrylonitrile Copolymers Imports

Imports in Africa

In 2023, supplies from abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by X% to X tons, falling for the third consecutive year after four years of growth. Overall, imports, however, saw a mild increase. The growth pace was the most rapid in 2018 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers imports contracted significantly to $X in 2023. In general, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Nigeria (X tons) was the major importer of styrene-acrylonitrile (san) copolymers in primary forms, constituting X% of total imports. It was distantly followed by Egypt (X tons), achieving an X% share of total imports. The following importers - South Africa (X tons), Tunisia (X tons), Algeria (X tons) and Tanzania (X tons) - each amounted to a X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Tanzania (X%), Tunisia (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Algeria (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Algeria (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported styrene-acrylonitrile (san) copolymers in primary forms in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Tunisia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Nigeria was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Tunisia (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a pronounced decline. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform