GCC: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in GCC

The GCC styrene-acrylonitrile copolymers market declined to $X in 2022, waning by X% against the previous year. In general, consumption, however, recorded a strong expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Styrene-Acrylonitrile Copolymers Production in GCC

In value terms, styrene-acrylonitrile copolymers production dropped to $X in 2022 estimated in export price. Over the period under review, production saw buoyant growth. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports in GCC

In 2022, the amount of styrene-acrylonitrile (san) copolymers in primary forms exported in GCC surged to X tons, increasing by X% on the previous year's figure. In general, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers exports surged to $X in 2022. Overall, exports enjoyed moderate growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the styrene-acrylonitrile (san) copolymers in primary forms exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) emerged as the largest styrene-acrylonitrile copolymers supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia totaled X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Styrene-Acrylonitrile Copolymers Imports

Imports in GCC

In 2022, overseas purchases of styrene-acrylonitrile (san) copolymers in primary forms decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers imports contracted notably to $X in 2022. In general, imports faced a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the major importer of styrene-acrylonitrile (san) copolymers in primary forms, making up X% of total imports. It was distantly followed by Oman (X tons), constituting a X% share of total imports. The following importers - Bahrain (X tons) and Kuwait (X tons) - each finished at a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the styrene-acrylonitrile (san) copolymers in primary forms imports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. By contrast, Oman (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Oman, Kuwait and Bahrain increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest styrene-acrylonitrile copolymers importing markets in GCC were the United Arab Emirates ($X), Oman ($X) and Kuwait ($X), together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform