Asia-Pacific: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Asia-Pacific

The Asia-Pacific styrene-acrylonitrile copolymers market dropped to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Styrene-Acrylonitrile Copolymers Production in Asia-Pacific

In value terms, styrene-acrylonitrile copolymers production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Styrene-Acrylonitrile Copolymers Exports

Exports in Asia-Pacific

In 2022, overseas shipments of styrene-acrylonitrile (san) copolymers in primary forms decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined significantly in the following year.

In value terms, styrene-acrylonitrile copolymers exports contracted dramatically to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

South Korea was the largest exporter of styrene-acrylonitrile (san) copolymers in primary forms in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Taiwan (Chinese) (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%), China (X%), Japan (X%) and Malaysia (X%). Hong Kong SAR (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Japan, China, Malaysia and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per ton) and Hong Kong SAR ($X per ton), while Thailand ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the export price figures.

Styrene-Acrylonitrile Copolymers Imports

Imports in Asia-Pacific

After five years of growth, supplies from abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by X% to X tons in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, styrene-acrylonitrile copolymers imports declined remarkably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

China dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Thailand (X tons), Indonesia (X tons), India (X tons) and Vietnam (X tons), together constituting a X% share of total imports. The following importers - Hong Kong SAR (X tons) and Malaysia (X tons) - each recorded a X% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of styrene-acrylonitrile (san) copolymers in primary forms. At the same time, India (X%), Indonesia (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Indonesia (X p.p.), Thailand (X p.p.), Vietnam (X p.p.) and China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported styrene-acrylonitrile (san) copolymers in primary forms in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

In China, styrene-acrylonitrile copolymers imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Vietnam ($X per ton) and Malaysia ($X per ton), while China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform