Styrene-Acrylonitrile Market Overview in Eastern Asia
In value terms, styrene-acrylonitrile production fell to $ in estimated in export prices. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the production volume increased by % y-o-y. Over the period under review, production reached the maximum level at $ in 2011; however, from 2012 to , production failed to regain the momentum.
The countries with the highest volumes of styrene-acrylonitrile production in were South Korea ( tonnes), Taiwan (Chinese) ( tonnes) and Japan ( tonnes), together comprising % of total production.
From 2007 to , the biggest increases were in South Korea, while styrene-acrylonitrile production for the other leaders experienced a decline in the production figures.
The revenue of the styrene-acrylonitrile market in Eastern Asia expanded slightly to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2011 to , the growth of the market remained at a lower figure.
From 2007 to , the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (-% per year) and South Korea (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by Japan ($). It was followed by South Korea.
From 2007 to , the average annual growth rate of value in China was relatively modest. The remaining consuming countries recorded the following average annual rates of market growth: Japan (-% per year) and South Korea (+% per year).
The countries with the highest levels of styrene-acrylonitrile per capita consumption in were Japan ( kg per person), Taiwan (Chinese) ( kg per person) and South Korea ( kg per person).
From 2007 to , the most notable rate of growth in terms of styrene-acrylonitrile per capita consumption, amongst the main consuming countries, was attained by South Korea, while styrene-acrylonitrile per capita consumption for the other leaders experienced more modest paces of growth.