Oman: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Oman

The Omani styrene-acrylonitrile market fell to $X in 2022, declining by X% against the previous year. Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Styrene-Acrylonitrile Production in Oman

In value terms, styrene-acrylonitrile production stood at $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Styrene-acrylonitrile production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Styrene-Acrylonitrile Exports

Exports from Oman

In 2022, exports of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) from Oman shrank markedly to X tons, falling by X% compared with the year before. Overall, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, styrene-acrylonitrile exports shrank sharply to $X in 2022. Over the period under review, exports recorded a pronounced descent. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for styrene-acrylonitrile exports from Oman, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled X%.

In value terms, Malaysia ($X) emerged as the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Oman.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at X%.

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Styrene-Acrylonitrile Imports

Imports into Oman

For the third year in a row, Oman recorded decline in supplies from abroad of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms), which decreased by X% to X tons in 2022. Overall, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, styrene-acrylonitrile imports contracted sharply to $X in 2022. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest styrene-acrylonitrile supplier to Oman, with a X% share of total imports. Moreover, styrene-acrylonitrile imports from South Korea exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

In value terms, South Korea ($X), Saudi Arabia ($X) and Malaysia ($X) were the largest styrene-acrylonitrile suppliers to Oman, together accounting for X% of total imports.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, jumping by X% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price 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, styrene-acrylonitrile import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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