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Report Vietnam - Styrene-Acrylonitrile (San) and Acrylonitrile-Butadiene-Styrene (Abs) Copolymers (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights for 499$

Latest Report Update: Jun 1, 2023

Vietnam - Styrene-Acrylonitrile (San) and Acrylonitrile-Butadiene-Styrene (Abs) Copolymers (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Styrene-Acrylonitrile Market 2023

Styrene-Acrylonitrile Market Size in Vietnam

In 2021, the Vietnamese styrene-acrylonitrile market increased by 51% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.2% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Styrene-Acrylonitrile Exports

Exports from Vietnam

After two years of decline, shipments abroad of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) increased by 7.4% to X tons in 2021. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of 535%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, styrene-acrylonitrile exports surged to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 406%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for styrene-acrylonitrile exports from Vietnam, with a 70% share of total exports. Moreover, styrene-acrylonitrile exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), sixfold. Thailand (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +148.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+58.3% per year) and Thailand (+7.0% per year).

In value terms, China ($X) remains the key foreign market for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) exports from Vietnam, comprising 70% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports. It was followed by Thailand, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +138.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+51.2% per year) and Thailand (+4.0% per year).

Export Prices by Country

The average styrene-acrylonitrile export price stood at $X per ton in 2021, jumping by 29% against the previous year. In general, the export price, however, showed a noticeable reduction. The growth pace was the most rapid in 2013 when the average export price increased by 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to the Philippines ($X per ton) and Thailand ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.3%), while the prices for the other major destinations experienced a decline.

Styrene-Acrylonitrile Imports

Imports into Vietnam

In 2021, the amount of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) imported into Vietnam surged to X tons, with an increase of 25% against the previous year. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 25% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, styrene-acrylonitrile imports soared to $X in 2021. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Malaysia (X tons) were the main suppliers of styrene-acrylonitrile imports to Vietnam, with a combined 82% share of total imports. China, Japan and Thailand lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +21.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Malaysia ($X) constituted the largest styrene-acrylonitrile suppliers to Vietnam, with a combined 82% share of total imports. These countries were followed by China, Japan and Thailand, which together accounted for a further 16%.

In terms of the main suppliers, China, with a CAGR of +20.1%, recorded 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

In 2021, the average styrene-acrylonitrile import price amounted to $X per ton, jumping by 23% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Malaysia ($X per ton), while the price for Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in the world?

China constituted the country with the largest volume of styrene-acrylonitrile consumption, comprising approx. 25% of total volume. Moreover, styrene-acrylonitrile consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. South Korea ranked third in terms of total consumption with a 6.4% share.

What are the largest producers of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in the world?

The countries with the highest volumes of production in 2021 were South Korea, Taiwan Chinese) and the United States, together comprising 50% of global production. These countries were followed by Japan, Malaysia, Belgium, Indonesia, the Netherlands, Saudi Arabia, Thailand, Mexico, Iran and Germany, which together accounted for a further 32%.

What are the leading suppliers of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) to Vietnam?

In value terms, the largest styrene-acrylonitrile suppliers to Vietnam were Taiwan Chinese), South Korea and Malaysia, with a combined 82% share of total imports. These countries were followed by China, Japan and Thailand, which together accounted for a further 16%.

What are the leading importers of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) from Vietnam?

In value terms, China remains the key foreign market for styrene-acrylonitrile san) and acrylonitrile-butadiene-styrene abs) copolymers in primary forms) exports from Vietnam, comprising 70% of total exports. The second position in the ranking was held by Malaysia, with an 11% share of total exports. It was followed by Thailand, with a 9.4% share.

What is the average export price for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in Vietnam?

The average styrene-acrylonitrile export price stood at $1,447 per ton in 2021, jumping by 29% against the previous year.

What is the average import price for styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) in Vietnam?

In 2021, the average styrene-acrylonitrile import price amounted to $2,227 per ton, surging by 23% against the previous year.

This report provides an in-depth analysis of the styrene-acrylonitrile market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 20162050 - Styrene-acrylonitrile (SAN) copolymers, in primary forms

• Prodcom 20162070 - Acrylonitrile-butadiene-styrene (ABS) copolymers, in primary forms

Country coverage:

• Vietnam

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Vietnam

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance