The latest report by IMARC, titled "Acrylonitrile Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of Acrylonitrile 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 Prices December 2023:
- United States: 1265 USD/MT
- China: 1175 USD/MT
- Europe: 1335 USD/MT
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The study delves into the factors affecting Acrylonitrile 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 is an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Acrylonitrile Price Trend- Q4 2023
The escalating demand in various industries for unique and enduring properties is a key driver of the global acrylonitrile market growth. The rising popularity of gourmet products is a significant growth stimulant. Moreover, the rapid expansion of the plastics industry, which includes the use of acrylonitrile in the production of ABS and SAN resins, is contributing significantly to market growth. Consumers are showing increased interest in high-performance materials, propelling the market growth. Technological advancements in compound synthesis and extraction are bolstering the market. The increased use of acrylonitrile in high-end products 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 acrylonitrile 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 acrylonitrile market.
The global acrylonitrile market size reached US$ 11.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 13.5 Billion, at a projected CAGR of 1.70% during 2023-2032. In the last quarter of 2023, the Acrylonitrile (ACN) market experienced significant price movements across different global regions, underpinned by a complex interplay of supply chain disruptions, geopolitical tensions, and industry-specific demand fluctuations. In North America, the ACN price trend exhibited a bullish pattern, largely attributed to the stressed availability of key feedstocks such as Acrylonitrile and Propylene. The root causes of these supply constraints were multifaceted, including limited supplies of upstream Natural Gas due to geopolitical tensions between Israel and Gaza, which heightened concerns about stock availability during the winter months. Additionally, a Force Majeure declared by INVISTA in Houston, Texas, further exacerbated the production constraints, significantly impacting the production rates of Acrylonitrile. These supply-side challenges were compounded by strategic product stocking practices among regional buyers in anticipation of the holiday season, although a slight decline in purchasing was observed before the Thanksgiving holiday and Black Friday sales as retailers prepared for the holiday shopping surge. The end-of-quarter saw further stress on Propylene inventories, primarily due to increased consumption of upstream Propane for heating purposes during the winter, alongside logistical challenges posed by low water levels in the Mississippi River, contributing to the uptrend in ACN prices.
Similarly, the Asia-Pacific region witnessed a bullish trend in Acrylonitrile prices, driven by a combination of maintenance shutdowns at key production facilities, such as Sumitomo Chemical Co. Ltd. in Japan, and increased demand from the polymer and elastomers industries. The onset of winter and declining temperatures in the Northern Hemisphere spurred product procurement activities, placing upward pressure on prices. The situation was further complicated by escalating cost support on feedstock Acrylonitrile amid reduced production rates across the region. However, towards the quarter's end, the price trend stabilized somewhat due to destocking practices by regional actors and moderate consumption rates from downstream industries, including Nitrile Butadiene and ABS manufacturers, as well as firm off-takes from Acrylic Fibre manufacturers during the winter season. In Europe, the ACN market dynamics were slightly different, with initial supply tightness due to maintenance shutdowns at facilities like Ineos Nitriles in Cologne, Germany, and strained Propylene inventories impacting production rates. The manufacturing sector's contraction, as indicated by the drop in the Eurozone Manufacturing Purchasing Manager's Index, along with cautious buying activities and reduced operating rates in the Nitrile Butadiene Rubber, Styrene Acrylonitrile, and ABS industries, contributed to the price adjustments. Despite these challenges, prices in Europe experienced a modest increase, illustrating the resilience of the Acrylonitrile market amidst varying regional supply and demand dynamics.
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Key Points Covered in the Acrylonitrile Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Acrylonitrile Prices
- Acrylonitrile Price Trend
- Acrylonitrile Demand & Supply
- Acrylonitrile Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Acrylonitrile Price Analysis
- Acrylonitrile Industry Drivers, Restraints, and Opportunities
- Acrylonitrile 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, among other Asian countries.
- 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, among other European countries.
- North America: United States and Canada
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.
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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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