Malaysia: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Malaysia

In 2022, the Malaysian styrene-acrylonitrile market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a relatively flat trend pattern. Styrene-acrylonitrile consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Styrene-Acrylonitrile Production in Malaysia

In value terms, styrene-acrylonitrile production declined to $X in 2022 estimated in export price. Overall, production recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 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 remained at a lower figure.

Styrene-Acrylonitrile Exports

Exports from Malaysia

In 2022, the amount of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exported from Malaysia contracted to X tons, declining by X% compared with the previous year's figure. In general, total exports indicated a tangible increase 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile exports declined remarkably to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

In value terms, China ($X) remains the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average styrene-acrylonitrile export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 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 Singapore ($X per ton), while the average price for exports to China ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Imports

Imports into Malaysia

For the seventh year in a row, Malaysia recorded growth in supplies from abroad of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms), which increased by X% to X tons in 2022. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, styrene-acrylonitrile imports dropped modestly to $X in 2022. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of styrene-acrylonitrile imports to Malaysia, with a combined X% share of total imports. South Korea, Spain, Poland, Croatia, China, Belgium, the UK, Hong Kong SAR, Mexico and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest styrene-acrylonitrile suppliers to Malaysia were Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X), with a combined X% share of total imports. The United States, China, Croatia, Spain, Poland, Singapore, Hong Kong SAR, Belgium, the UK and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Croatia, with a CAGR of X%, saw the highest growth rate of the value of imports, 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, dropping by X% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :