Report Update Apr 1, 2024

China - Acrylonitrile - Market Analysis, Forecast, Size, Trends and Insights

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China: Acrylonitrile Market 2024

Acrylonitrile Market Size in China

The Chinese acrylonitrile market reduced to $X in 2022, shrinking by X% against the previous year. In general, consumption saw a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Acrylonitrile Production in China

In value terms, acrylonitrile production stood at less than $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with a decrease of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Acrylonitrile Exports

Exports from China

For the fourth year in a row, China recorded growth in shipments abroad of acrylonitrile, which increased by X% to X tons in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, acrylonitrile exports reduced remarkably to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

South Korea (X tons), India (X tons) and Taiwan (Chinese) (X tons) were the main destinations of acrylonitrile exports from China, with a combined X% share of total exports.

From 2016 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for acrylonitrile exported from China worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average acrylonitrile export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per ton) and South Korea ($X per ton), while the average price for exports to India ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylonitrile Imports

Imports into China

In 2022, approx. X tons of acrylonitrile were imported into China; waning by X% on the year before. In general, imports saw a deep slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, acrylonitrile imports reduced notably to $X in 2022. Overall, imports showed a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of acrylonitrile imports to China, with a combined X% share of total imports. Thailand and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X) were the largest acrylonitrile suppliers to China, together accounting for X% of total imports. Thailand and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average acrylonitrile import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylonitrile in the world?

The United States remains the largest acrylonitrile consuming country worldwide, comprising approx. 22% of total volume. Moreover, acrylonitrile consumption in the United States exceeded the figures recorded by the second-largest consumer, the UK, twofold. The third position in this ranking was taken by Japan, with a 9.1% share.

What are the largest producers of acrylonitrile in the world?

The United States remains the largest acrylonitrile producing country worldwide, accounting for 35% of total volume. Moreover, acrylonitrile production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was held by Japan, with a 10% share.

What are the leading suppliers of acrylonitrile to China?

In value terms, South Korea, Taiwan Chinese) and Japan were the largest acrylonitrile suppliers to China, together accounting for 94% of total imports. Thailand and the United States lagged somewhat behind, together comprising a further 6%.

What are the leading importers of acrylonitrile from China?

In value terms, South Korea, India and Taiwan Chinese) constituted the largest markets for acrylonitrile exported from China worldwide, together accounting for 94% of total exports.

What is the average export price for acrylonitrile in China?

In 2022, the average acrylonitrile export price amounted to $1,549 per ton, shrinking by -26.2% against the previous year.

What is the average import price for acrylonitrile in China?

The average acrylonitrile import price stood at $1,722 per ton in 2022, reducing by -15.2% against the previous year.

This report provides an in-depth analysis of the acrylonitrile market in China. 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 20144350 - Acrylonitrile

Country coverage:

China

Data coverage:

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