Eastern Asia: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Eastern Asia

The East Asian styrene-acrylonitrile copolymers market reduced notably to $X in 2023, with a decrease of X% against the previous year. Overall, consumption continues to indicate a deep reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Production in Eastern Asia

In value terms, styrene-acrylonitrile copolymers production expanded rapidly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports in Eastern Asia

In 2023, the amount of styrene-acrylonitrile (san) copolymers in primary forms exported in Eastern Asia expanded markedly to X tons, growing by X% on 2022 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers exports rose notably to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea was the main exporter of styrene-acrylonitrile (san) copolymers in primary forms in Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Taiwan (Chinese) (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by China (X%) and Japan (X%). Hong Kong SAR (X tons) took a little share of total exports.

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

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

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

Styrene-Acrylonitrile Copolymers Imports

Imports in Eastern Asia

In 2023, supplies from abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports recorded a perceptible contraction. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers imports reduced sharply to $X in 2023. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China dominates imports structure, reaching X tons, which was approx. X% of total imports in 2023. Hong Kong SAR (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%). The following importers - Japan (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to styrene-acrylonitrile copolymers imports into China stood at X%. At the same time, Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported styrene-acrylonitrile (san) copolymers in primary forms in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In China, styrene-acrylonitrile copolymers imports contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price showed a perceptible decline. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform