Republic of Korea - Styrene-Acrylonitrile (San) Copolymers In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStyrene-Acrylonitrile Copolymers Price in South Korea - 2022
Contents:
- Styrene-Acrylonitrile Copolymers Price in South Korea (FOB) - 2022
- Styrene-Acrylonitrile Copolymers Price in South Korea (CIF) - 2022
- Styrene-Acrylonitrile Copolymers Exports in South Korea
- Styrene-Acrylonitrile Copolymers Imports in South Korea
Styrene-Acrylonitrile Copolymers Price in South Korea (FOB) - 2022
In December 2022, the average styrene-acrylonitrile copolymers export price amounted to $1,467 per ton, with a decrease of -3% against the previous month. In general, the export price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in February 2022 an increase of 3.9% m-o-m. As a result, the export price attained the peak level of $1,930 per ton. From March 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was the United States ($2,097 per ton), while the average price for exports to China ($1,331 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.7%), while the prices for the other major destinations experienced a decline.
Styrene-Acrylonitrile Copolymers Price in South Korea (CIF) - 2022
The average styrene-acrylonitrile copolymers import price stood at $1,842 per ton in December 2022, with a decrease of -1.7% against the previous month. Overall, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 6.7% against the previous month. As a result, import price reached the peak level of $2,273 per ton. From September 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($3,990 per ton), while the price for Thailand ($1,450 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.5%), while the prices for the other major suppliers experienced a decline.
Styrene-Acrylonitrile Copolymers Exports in South Korea
In 2022, shipments abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by -16% to 176K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 8.7%.
In value terms, styrene-acrylonitrile copolymers exports dropped markedly to $306M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 57%. As a result, the exports reached the peak of $368M, and then dropped notably in the following year.
| Export of Styrene-Acrylonitrile Copolymers in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 109 | 92.5 | 151 | 110 | 0.3% |
| Hungary | 27.5 | 19.3 | 39.9 | 42.2 | 15.3% |
| Vietnam | 23.4 | 24.2 | 33.6 | 36.1 | 15.5% |
| Indonesia | 12.6 | 9.5 | 19.1 | 22.7 | 21.7% |
| India | 9.5 | 7.7 | 16.2 | 13.1 | 11.3% |
| Turkey | 8.4 | 9.6 | 15.0 | 11.9 | 12.3% |
| United States | 8.0 | 7.5 | 10.3 | 11.1 | 11.5% |
| Mexico | 6.0 | 3.9 | 7.8 | 8.8 | 13.6% |
| Germany | 4.3 | 3.3 | 9.6 | 8.1 | 23.5% |
| Hong Kong SAR | 14.5 | 22.7 | 15.3 | 1.6 | -52.0% |
| Others | 37.7 | 34.9 | 50.4 | 40.6 | 2.5% |
| Total | 261 | 235 | 368 | 306 | 5.4% |
Top Export Markets for Styrene-Acrylonitrile Copolymers from South Korea in 2022:
- China (70.3K tons)
- Vietnam (21.3K tons)
- Hungary (20.3K tons)
- Indonesia (14.2K tons)
- India (7.3K tons)
- Turkey (6.8K tons)
- Mexico (4.6K tons)
- United States (4.6K tons)
- Germany (4.1K tons)
- Hong Kong SAR (1.0K tons)
Styrene-Acrylonitrile Copolymers Imports in South Korea
In 2022, approx. 6.6K tons of styrene-acrylonitrile (san) copolymers in primary forms were imported into South Korea; declining by -39.6% compared with 2021. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, imports attained the peak of 11K tons, and then fell notably in the following year.
In value terms, styrene-acrylonitrile copolymers imports contracted remarkably to $14M in 2022. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 159% against the previous year. As a result, imports reached the peak of $23M, and then reduced markedly in the following year.
| Import of Styrene-Acrylonitrile Copolymers in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.0 | 7.7 | 13.3 | 12.2 | 6.9% |
| Japan | 0.7 | 0.7 | 0.8 | 0.6 | -5.0% |
| Thailand | 0.5 | N/A | 8.1 | 0.5 | 0.0% |
| Others | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Total | 11.4 | 8.8 | 22.7 | 13.7 | 6.3% |
Top Suppliers of Styrene-Acrylonitrile Copolymers to South Korea in 2022:
- China (5.9K tons)
- Thailand (0.3K tons)
- Japan (0.2K tons)
This report provides an in-depth analysis of the styrene-acrylonitrile copolymers market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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