Middle East: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in the Middle East

The Middle Eastern styrene-acrylonitrile copolymers market dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, showed a resilient expansion. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Styrene-Acrylonitrile Copolymers Production in the Middle East

In value terms, styrene-acrylonitrile copolymers production contracted modestly to $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Styrene-Acrylonitrile Copolymers Exports

Exports in the Middle East

In 2022, styrene-acrylonitrile copolymers exports in the Middle East surged to X tons, growing by X% compared with the previous year's figure. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded 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 stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers exports soared to $X in 2022. Overall, exports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure 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, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), mixing 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. From 2012 to 2022, the share of Saudi Arabia increased by X percentage points.

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

In Saudi Arabia, styrene-acrylonitrile copolymers exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, leveling off at the previous year. Overall, the export price saw a noticeable decrease. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 amounted to $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 the Middle East

In 2022, purchases abroad 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. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers imports shrank rapidly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

Turkey prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Israel (X tons), Iran (X tons) and Yemen (X tons), together mixing up a X% share of total imports. The United Arab Emirates (X tons) took a little share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Yemen (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Yemen (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, styrene-acrylonitrile copolymers imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by X% against the previous year. Overall, the import price saw 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 import peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Iran ($X per ton) and Israel ($X per ton), while Yemen ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform