Global Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size

The global styrene-acrylonitrile market contracted to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the global market remained at a somewhat lower figure.

Styrene-Acrylonitrile Production

In value terms, styrene-acrylonitrile production expanded significantly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, global production growth remained at a somewhat lower figure.

Styrene-Acrylonitrile Exports

Exports

In 2023, the amount of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exported worldwide stood at X tons, rising by X% on 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The global exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile exports fell to $X in 2023. Over the period under review, exports, however, saw a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the global exports remained at a lower figure.

Exports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) represented the major exporters of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in 2023, finishing at approx. X% and X% of total exports, respectively. Malaysia (X tons) ranks next in terms of the total exports with a X% share, followed by Belgium (X%). The following exporters - the Netherlands (X tons), China (X tons), Hong Kong SAR (X tons), the United States (X tons), Thailand (X tons), Saudi Arabia (X tons), Japan (X tons) and Germany (X tons) - together made up X% of total exports.

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

In value terms, the largest styrene-acrylonitrile supplying countries worldwide were South Korea ($X), Taiwan (Chinese) ($X) and Belgium ($X), together comprising X% of global exports. The Netherlands, Malaysia, the United States, China, Hong Kong SAR, Saudi Arabia, Germany, Japan and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average styrene-acrylonitrile export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

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

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

Styrene-Acrylonitrile Imports

Imports

Global styrene-acrylonitrile imports contracted to X tons in 2023, shrinking by X% on the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, styrene-acrylonitrile imports fell significantly to $X in 2023. In general, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of global imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) was the key importer of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms), committing X% of total imports. Vietnam (X tons) held the second position in the ranking, followed by Malaysia (X tons) and Germany (X tons). All these countries together took near X% share of total imports. The United States (X tons), Turkey (X tons), Hong Kong SAR (X tons), India (X tons), Thailand (X tons), Mexico (X tons), Italy (X tons), Indonesia (X tons) and Spain (X tons) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%), India (X%), Spain (X%), Vietnam (X%), Turkey (X%), Mexico (X%), Thailand (X%) and the United States (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Indonesia and Italy experienced a relatively flat trend pattern. By contrast, Germany (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Vietnam (X p.p.), India (X p.p.), Turkey (X p.p.) and Spain (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of China (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) worldwide, comprising X% of global imports. The second position in the ranking was held by Vietnam ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average styrene-acrylonitrile import price amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform