Styrene-Acrylonitrile Market Overview in South Korea
In value terms, styrene-acrylonitrile production dropped to $ in 2019 estimated in export prices. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2018, and then fell in the following year.
The value of the styrene-acrylonitrile market in South Korea declined notably to $ in 2019, falling 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. Styrene-acrylonitrile consumption peaked at $ in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.