Eastern Asia: Acrylonitrile Market 2024

Acrylonitrile Market Size in Eastern Asia

The East Asian acrylonitrile market declined to $X in 2022, shrinking by X% against the previous year. Overall, consumption showed a noticeable slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Acrylonitrile Production in Eastern Asia

In value terms, acrylonitrile production reduced to $X in 2022 estimated in export price. In general, production, however, saw a perceptible curtailment. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Acrylonitrile Exports

Exports in Eastern Asia

In 2022, approx. X tons of acrylonitrile were exported in Eastern Asia; with a decrease of X% compared with the previous year. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, acrylonitrile exports reduced remarkably to $X in 2022. In general, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

The shipments of the three major exporters of acrylonitrile, namely South Korea, China and Taiwan (Chinese), represented more than two-thirds of total export. It was distantly followed by Japan (X tons), generating a X% share of total exports.

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

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a slight shrinkage. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

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

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

Acrylonitrile Imports

Imports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded decline in purchases abroad of acrylonitrile, which decreased by X% to X tons in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, acrylonitrile imports fell notably to $X in 2022. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea represented the main importer of acrylonitrile in Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by China (X tons) and Taiwan (Chinese) (X tons), together committing a X% share of total imports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest acrylonitrile importing markets in Eastern Asia were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. These countries were followed by Japan, which accounted for a further X%.

Among the main importing countries, Japan, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted significantly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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