In 2023, South Korea led global styrene-acrylonitrile (SAN) copolymer exports with a 1.23% growth, maintaining the top position. Thailand and Malaysia exhibited robust increases, with 3.29% and 3.31% growth, respectively. Japan and the United States experienced contractions of -5.32% and -0.64%. Lesser exports from Belgium and Greece further highlighted Europe's declining SAN market. Conversely, Poland, India, and Estonia showed impressive double-digit growth fueled by rising production capabilities.
Future trends to watch:
- Asia's dominant market position is anticipated to strengthen, driven by expanding capacities in South Korea and emerging players like India.
- Europe's market is likely to face continued pressures, urging nations to innovate or diversify product portfolios.
- Global economic shifts, policy changes, or trade agreements could impact export dynamics significantly in the coming years.
Top countries in Export of Styrene-Acrylonitrile (SAN) Copolymers by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 285,490,000 | 2023 | +2.52% | +1.23% | View data |
| 2 | 2 Thailand | 137,520,000 | 2023 | +3.67% | +3.29% | View data |
| 3 | 3 Netherlands | 82,233,000 | 2023 | +1.71% | +2.01% | View data |
| 4 | 4 Japan | 59,773,000 | 2023 | -2.49% | -5.32% | View data |
| 5 | 5 United States | 47,267,000 | 2023 | +0.037% | -0.64% | View data |
| 6 | 6 Malaysia | 42,507,000 | 2023 | +4.31% | +3.31% | View data |
| 7 | 7 China | 30,855,000 | 2023 | +3.36% | +2.68% | View data |
| 8 | 8 Saudi Arabia | 30,649,000 | 2023 | +3.1% | +2.88% | View data |
| 9 | 9 Spain | 20,311,000 | 2023 | +3.04% | +0.64% | View data |
| 10 | 10 Belgium | 17,043,000 | 2023 | +0.23% | -1.46% | View data |
