ASEAN: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in ASEAN

In 2023, after two years of growth, there was decline in the ASEAN styrene-acrylonitrile copolymers market, when its value decreased by X% to $X. Over the period under review, consumption recorded prominent growth. As a result, consumption attained the peak level of $X, leveling off in the following year.

Styrene-Acrylonitrile Copolymers Production in ASEAN

In value terms, styrene-acrylonitrile copolymers production expanded significantly to $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports in ASEAN

In 2023, shipments abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by X% to X tons, falling for the second year in a row after two years of growth. Total exports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, styrene-acrylonitrile copolymers exports reduced rapidly to $X in 2023. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Thailand (X tons) was the main exporter of styrene-acrylonitrile (san) copolymers in primary forms, constituting X% of total exports. It was distantly followed by Malaysia (X tons), comprising a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of X%).

In value terms, the largest styrene-acrylonitrile copolymers supplying countries in ASEAN were Thailand ($X) and Malaysia ($X).

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a pronounced slump. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Styrene-Acrylonitrile Copolymers Imports

Imports in ASEAN

In 2023, overseas purchases of styrene-acrylonitrile (san) copolymers in primary forms decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a temperate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked at X tons in 2022, and then fell in the following year.

In value terms, styrene-acrylonitrile copolymers imports contracted to $X in 2023. Total imports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2022, and then declined in the following year.

Imports by Country

The countries with the highest levels of styrene-acrylonitrile copolymers imports in 2023 were Vietnam (X tons), Thailand (X tons) and Indonesia (X tons), together resulting at X% of total import. It was distantly followed by Malaysia (X tons), comprising a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest styrene-acrylonitrile copolymers importing markets in ASEAN were Thailand ($X), Vietnam ($X) and Indonesia ($X), together comprising X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Indonesia ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform