Acrylonitrile Butadiene Styrene Price in USA
- United States: 1261 USD/MT
In December 2023, the price of acrylonitrile butadiene styrene (ABS) in Japan reached $1261 per metric ton. During November 2023, the market experienced its most significant change, with prices dropping by 4.9%.
The latest report by IMARC, titled " Acrylonitrile Butadiene Styrene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of acrylonitrile butadiene styrene prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Acrylonitrile Butadiene Styrene Prices December 2023:
- United States: 1261 USD/MT
- Germany: 1614 USD/MT
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The study delves into the factors affecting acrylonitrile butadiene styrene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Acrylonitrile Butadiene Styrene Price Trend- Q4 2023
The burgeoning demand in various industries for durable and high-performance materials is a key driver of the global acrylonitrile butadiene styrene (ABS) market growth. The rising popularity of ABS in the automotive, electronics, and consumer goods industries is a significant growth stimulant. Moreover, the rapid expansion of the plastics industry, which includes the use of ABS in the production of lightweight and impact-resistant products, is contributing significantly to market growth. Consumers are showing increased interest in high-quality materials, propelling the market growth. Technological advancements in polymer synthesis and processing are bolstering the market. The increased use of ABS in high-end products and applications is stimulating market growth. Personalization and customization trend in consumer goods are also driving the market. The growing applications in household and industrial products are boosting the global ABS market. Key industry players are increasing their investments in R&D activities, further driving market growth. The expansion of online shopping and marketing to improve product accessibility is a major growth inducer. Consumer preferences are shifting towards innovative and sophisticated materials. Innovative packaging and presentation of products are significantly contributing to market growth. Regulations promoting safe and environmentally friendly compounds are creating a positive market outlook. Integration with personal care items to enhance customer appeal is another factor driving the ABS market.
The global acrylonitrile butadiene styrene market size reached US$ 30.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 50.5 Billion, at a projected CAGR of 5.90% during 2023-2032. In the last quarter of 2023, the Acrylonitrile Butadiene Styrene (ABS) market dynamics were heavily influenced by a confluence of supply chain adjustments, demand fluctuations, and broader economic factors across North America, Asia, and Europe. In North America, the ABS market faced downward pressure primarily due to ample supplies coupled with subdued demand, particularly within the automotive sector, which is a significant consumer of ABS. Data from the National Automobile Dealers Association (NADA) revealed a continuing decline in the seasonally adjusted annual rate (SAAR) for new light-vehicle sales, alongside an increase in new light-vehicle inventory, reaching a 20-month peak by the end of November 2023. This surge in automotive inventory levels led to a notable decrease in downstream demand for ABS, exacerbating the bearish conditions in the market. Additionally, a contraction in manufacturing activities and subdued domestic demand further strained the ABS pricing dynamics. These factors combined to create a challenging environment for ABS producers and sellers, pushing them towards inventory reduction strategies and price adjustments to align with the weakened market demand.
Similarly, the ABS market in the Asia-Pacific (APAC) region experienced a bearish trend driven by moderate to high supply levels and weak demand fundamentals. The end-of-year destocking strategy adopted by market players, particularly noticeable in Japan and China, led to a reduction in ABS prices. Plant shutdowns and operating rate adjustments in key production facilities further impacted market sentiments. Moreover, the declining prices of upstream crude oil and feedstock styrene, reaching three-month lows, exerted additional downward pressure on ABS prices. The combination of these supply and demand factors, alongside the persistent downturn in downstream demand and the volatility in feedstock prices, placed significant pressure on sellers to offload inventories, prompting competitive pricing strategies. In Europe, the scenario was much the same, with slow downstream automotive industry consumption and high inventory levels leading to price reductions. Elevated inventory levels and narrow profit margins forced ABS producers to adjust prices amid uncertain market conditions, further influenced by destocking sentiments among market players. Across regions, these interconnected factors of supply adequacy, demand weakness, feedstock cost volatility, and economic indicators collectively shaped the bearish trend observed in the ABS market during the fourth quarter of 2023.
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Key Points Covered in the Acrylonitrile Butadiene Styrene Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Acrylonitrile Butadiene Styrene Prices
- Acrylonitrile Butadiene Styrene Price Trend
- Acrylonitrile Butadiene Styrene Demand & Supply
- Acrylonitrile Butadiene Styrene Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Acrylonitrile Butadiene Styrene Price Analysis
- Acrylonitrile Butadiene Styrene Industry Drivers, Restraints, and Opportunities
- Acrylonitrile Butadiene Styrene News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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