Report Update: May 1, 2024

Nigeria - Styrene-Acrylonitrile (San) Copolymers In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Styrene-Acrylonitrile Copolymers Price in Nigeria - 2022

Styrene-Acrylonitrile Copolymers Price in Nigeria (CIF) - 2022

In June 2022, the average styrene-acrylonitrile copolymers import price amounted to $565 per ton, waning by -36.1% against the previous month. Overall, the import price saw a noticeable descent. The pace of growth was the most pronounced in December 2021 when the average import price increased by 168% month-to-month. As a result, import price attained the peak level of $1,593 per ton. From January 2022 to June 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From June 2021 to June 2022, the rate of growth in terms of prices for India amounted to +4.1% per month.

Styrene-Acrylonitrile Copolymers Price in Nigeria (FOB) - 2022

The average styrene-acrylonitrile copolymers export price stood at $424 per ton in 2021, leveling off at the previous year. Over the period under review, the export price faced a deep setback. The most prominent rate of growth was recorded in 2020 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the maximum at $2,022 per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -15.8% per year.

Styrene-Acrylonitrile Copolymers Imports in Nigeria

In 2022, purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by -32.9% to 21K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 57%. As a result, imports attained the peak of 40K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers imports shrank notably to $18M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 36%.

Import of Styrene-Acrylonitrile Copolymers in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	14.9	18.6	10.6	9.2	-14.8%
India	1.4	4.0	12.5	5.1	53.9%
United Arab Emirates	N/A	N/A	N/A	2.5	0%
China	0.1	0.4	0.3	0.6	81.7%
Saudi Arabia	0.4	0.6	0.6	0.3	-9.1%
Others	1.6	1.6	1.8	0.4	-37.0%
Total	18.4	25.2	25.8	18.0	-0.7%

Top Suppliers of Styrene-Acrylonitrile Copolymers to Nigeria in 2022:

Turkey (14.0K tons)
India (4.0K tons)
United Arab Emirates (2.6K tons)
China (0.5K tons)
Saudi Arabia (0.2K tons)

Styrene-Acrylonitrile Copolymers Exports in Nigeria

In 2021, approx. 21 tons of styrene-acrylonitrile (san) copolymers in primary forms were exported from Nigeria; remaining relatively unchanged against the previous year. In general, exports faced a dramatic shrinkage. The smallest decline of 99.9% was in 2020.

In value terms, styrene-acrylonitrile copolymers exports totaled $9K in 2021. Overall, exports faced a dramatic descent. The smallest decline of 99.9% was in 2020.

Export of Styrene-Acrylonitrile Copolymers in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Malaysia	N/A	N/A	9.0	0%
China	53.5	N/A	N/A	0%
Others	N/A	N/A	N/A	0%
Total	53.5	N/A	9.0	-59.0%

Top Export Markets for Styrene-Acrylonitrile Copolymers from Nigeria in 2022:

Malaysia (21.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the styrene-acrylonitrile copolymers market in Nigeria. 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 2030.

Product coverage:

Prodcom 20162050 - Styrene-acrylonitrile (SAN) copolymers, in primary forms

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023