Report Update: May 1, 2024

Philippines - Styrene-Acrylonitrile (San) And Acrylonitrile-Butadiene-Styrene (Abs) Copolymers (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Styrene-Acrylonitrile Price in the Philippines - 2023

Styrene-Acrylonitrile Price in the Philippines (CIF) - 2023

The average styrene-acrylonitrile import price stood at $2,145 per ton in July 2023, shrinking by -19.2% against the previous month. Overall, the import price recorded a slight decline. The most prominent rate of growth was recorded in October 2022 an increase of 74% month-to-month. The import price peaked at $2,692 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($5,596 per ton), while the price for South Korea ($1,628 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Styrene-Acrylonitrile Price in the Philippines (FOB) - 2022

The average styrene-acrylonitrile export price stood at $1,057 per ton in 2022, declining by -27.2% against the previous year. In general, the export price saw a noticeable setback. The growth pace was the most rapid in 2015 an increase of 117%. As a result, the export price reached the peak level of $2,909 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2,585 per ton), while the average price for exports to China ($947 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+10.8%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Imports in the Philippines

In 2022, styrene-acrylonitrile imports into the Philippines expanded significantly to 36K tons, with an increase of 9.1% compared with the previous year. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, styrene-acrylonitrile imports amounted to $98M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 78%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Import of Styrene-Acrylonitrile in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	11.4	9.0	19.8	23.3	26.9%
China	9.0	3.2	6.2	22.1	34.9%
South Korea	20.2	14.2	26.8	15.9	-7.7%
Malaysia	17.2	8.6	20.0	12.8	-9.4%
Japan	12.4	8.7	10.8	9.8	-7.5%
Thailand	8.2	4.4	3.7	3.8	-22.6%
Singapore	1.2	0.6	1.8	2.0	18.6%
Indonesia	N/A	1.4	0.8	1.7	10.2%
Others	2.4	1.8	2.8	6.5	39.4%
Total	82.1	51.9	92.7	97.8	6.0%

Top Suppliers of Styrene-Acrylonitrile to the Philippines in 2022:

Taiwan (Chinese) (10.1K tons)
South Korea (6.9K tons)
China (6.0K tons)
Malaysia (5.6K tons)
Japan (2.0K tons)
Indonesia (1.5K tons)
Thailand (1.5K tons)
Singapore (0.5K tons)

Styrene-Acrylonitrile Exports in the Philippines

Styrene-acrylonitrile exports from the Philippines skyrocketed to 5K tons in 2022, rising by 280% compared with 2021 figures. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, styrene-acrylonitrile exports surged to $5.3M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Styrene-Acrylonitrile in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,321	783	869	3,712	41.1%
Japan	205	419	985	849	60.6%
South Korea	0.1	0.1	0.1	513	1624.7%
Malaysia	78.4	103	45.3	209	38.7%
Hong Kong SAR	233	1.1	2.4	45.8	-41.9%
Others	112	72.2	22.4	N/A	-55.3%
Total	1,950	1,378	1,924	5,329	39.8%

Top Export Markets for Styrene-Acrylonitrile from the Philippines in 2022:

Hong Kong SAR (undefinedK tons)
China (3.9K tons)
South Korea (0.5K tons)
Japan (0.3K tons)
Malaysia (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the styrene-acrylonitrile market in the Philippines. 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
Prodcom 20162070 - Acrylonitrile-butadiene-styrene (ABS) copolymers, in primary forms

Country coverage:

Philippines

Data coverage:

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