Saudi Arabia: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Saudi Arabia

The Saudi styrene-acrylonitrile market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption recorded prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Styrene-Acrylonitrile Production in Saudi Arabia

In value terms, styrene-acrylonitrile production expanded remarkably to $X in 2022 estimated in export price. In general, production saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Styrene-acrylonitrile production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Styrene-Acrylonitrile Exports

Exports from Saudi Arabia

In 2022, approx. X tons of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) were exported from Saudi Arabia; flattening at the previous year's figure. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, styrene-acrylonitrile exports fell notably to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined markedly in the following year.

Exports by Country

Turkey (X tons) was the main destination for styrene-acrylonitrile exports from Saudi Arabia, with a X% share of total exports. Moreover, styrene-acrylonitrile exports to Turkey exceeded the volume sent to the second major destination, Brazil (X tons), threefold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and India (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Thailand ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Styrene-Acrylonitrile Imports

Imports into Saudi Arabia

For the fourth year in a row, Saudi Arabia recorded decline in overseas purchases of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms), which decreased by X% to X tons in 2016. Over the period under review, imports faced a sharp setback. The smallest decline of X% was in 2013. Imports peaked at X tons in 2012; however, from 2013 to 2016, imports failed to regain momentum.

In value terms, styrene-acrylonitrile imports contracted sharply to $X in 2016. Overall, imports faced a significant decline. The smallest decline of X% was in 2013. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2016, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of styrene-acrylonitrile imports to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Malaysia ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the largest styrene-acrylonitrile suppliers to Saudi Arabia, with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average styrene-acrylonitrile import price stood at $X per ton in 2016, which is down by X% against the previous year. Overall, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2013 when the average import price decreased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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