United Kingdom: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in the UK

The UK styrene-acrylonitrile market contracted remarkably to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a slight curtailment. Styrene-acrylonitrile consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Styrene-Acrylonitrile Production in the UK

In value terms, styrene-acrylonitrile production contracted to $X in 2022 estimated in export price. In general, production showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Exports

Exports from the UK

In 2022, approx. X tons of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) were exported from the UK; with an increase of X% on 2021 figures. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, styrene-acrylonitrile exports rose modestly to $X in 2022. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Malaysia (X tons) was the main destination for styrene-acrylonitrile exports from the UK, accounting for a X% share of total exports. Moreover, styrene-acrylonitrile exports to Malaysia exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The third position in this ranking was taken by Belgium (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Belgium (X% per year).

In value terms, Malaysia ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest markets for styrene-acrylonitrile exported from the UK worldwide, with a combined X% share of total exports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a drastic downturn. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X 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 Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Imports

Imports into the UK

In 2022, styrene-acrylonitrile imports into the UK dropped sharply to X tons, waning by X% against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile imports reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 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 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

South Korea (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of styrene-acrylonitrile imports to the UK, together comprising X% of total imports. Germany, Taiwan (Chinese), Spain, Ireland and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest styrene-acrylonitrile suppliers to the UK, together accounting for X% of total imports. Taiwan (Chinese), Germany, Spain, Italy and Ireland lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average styrene-acrylonitrile import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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