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World - Acrylonitrile - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: May 8, 2020

Global Acrylonitrile Market - U.S. Emerges As the Leading Supplier of Acrylonitrile, with a 30% share

IndexBox has just published a new report: 'World - Acrylonitrile - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

Global Acrylonitrile Trade 2008-2018

Global exports totaled 1.7M tonnes in 2018, surging by 12% against the previous year. The total export volume increased at an average annual rate of +1.2% from 2013 to 2018.

In value terms, acrylonitrile exports amounted to $3B (IndexBox estimates) in 2018. Over the period under review, the total exports indicated a mild expansion from 2013 to 2018: its value increased at an average annual rate of +1.2% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, acrylonitrile exports increased by +96.1% against 2016 indices.

Exports by Country

The U.S. represented the major exporter of acrylonitrile in the world, with the volume of exports accounting for 504K tonnes, which was approx. 30% of total exports in 2018. South Korea (231K tonnes) held the second position in the ranking, followed by Taiwan, Chinese (214K tonnes), the UK (159K tonnes), Russia (134K tonnes), Germany (107K tonnes) and Brazil (82K tonnes). All these countries together held approx. 56% share of total exports.

From 2013 to 2018, average annual rates of growth with regard to acrylonitrile exports from the U.S. stood at +2.4%. At the same time, Germany (+14.3%), Brazil (+13.3%), Taiwan (+4.1%) and Russia (+2.3%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.3% from 2013-2018. By contrast, the UK (-1.7%) and South Korea (-5.4%) illustrated a downward trend over the same period. While the share of the U.S. (+3.4 p.p.), Germany (+3.1 p.p.), Taiwan, Chinese (+2.3 p.p.) and Brazil (+2.3 p.p.) increased significantly in terms of the global exports from 2013-2018, the share of South Korea (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($954M) remains the largest acrylonitrile supplier worldwide, comprising 32% of global exports. The second position in the ranking was occupied by South Korea ($426M), with a 14% share of global exports. It was followed by Taiwan, Chinese, with a 14% share.

From 2013 to 2018, the average annual growth rate of value in the U.S. amounted to +3.2%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-4.2% per year) and Taiwan, Chinese (+6.1% per year).

Export Prices by Country

In 2018, the average acrylonitrile export price amounted to $1,797 per tonne, increasing by 25% against the previous year. Overall, the acrylonitrile export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31% against the previous year. The global export price peaked at $1,869 per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Taiwan ($1,905 per tonne) and the U.S. ($1,891 per tonne), while Russia ($1,422 per tonne) and Germany ($1,684 per tonne) were amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.

Imports by Country

In 2018, China (258K tonnes), Turkey (240K tonnes), India (178K tonnes) and South Korea (169K tonnes) represented the key importer of acrylonitrile in the world, generating 48% of total import. Taiwan (109K tonnes) occupied the next position in the ranking, followed by Belgium (107K tonnes), France (103K tonnes) and Mexico (94K tonnes). All these countries together took approx. 23% share of total imports. Germany (71K tonnes), the Netherlands (64K tonnes), Egypt (50K tonnes) and Portugal (46K tonnes) followed a long way behind the leaders.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Egypt, while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($377M), Turkey ($376M) and India ($360M) appeared to be the countries with the highest levels of imports in 2018, with a combined 37% share of global imports.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 20144350 - Acrylonitrile

This report provides an in-depth analysis of the global acrylonitrile market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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