Myanmar: Styrene-Acrylonitrile Copolymers Market 2022

Styrene-Acrylonitrile Copolymers Market Size in Myanmar

The Myanmar's styrene-acrylonitrile copolymers market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a abrupt setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Production in Myanmar

In value terms, styrene-acrylonitrile copolymers production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep downturn. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Myanmar

Styrene-acrylonitrile copolymers exports from Myanmar totaled less than X kg in 2021, therefore, remained relatively stable against the previous year's figure. In general, exports showed a relatively flat trend pattern. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers exports totaled less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X kg) was the main destination for styrene-acrylonitrile copolymers exports from Myanmar, with a approx. X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to South Korea was relatively modest.

From 2012 to 2015, the average annual growth rate of value to South Korea was relatively modest.

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2015, remaining stable against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2015 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2015, the rate of growth in terms of prices for South Korea amounted to X% per year.

Styrene-Acrylonitrile Copolymers Imports

Imports into Myanmar

For the fifth year in a row, Myanmar recorded growth in purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms, which increased by X% to X tons in 2021. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, styrene-acrylonitrile copolymers imports skyrocketed to $X in 2021. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, South Korea (X tons) was the main supplier of styrene-acrylonitrile copolymers to Myanmar, with a X% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +X%.

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile copolymers to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea totaled +X%.

Import Prices by Country

The average styrene-acrylonitrile copolymers import price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-X%).

Source: IndexBox Platform