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Japan - Cumene - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

Japan - Cumene - Market Analysis, Forecast, Size, Trends And Insights

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Nov 13, 2024

Japan's Cumene Export Experiences a Minor Decline to $238M in 2023

Japan Cumene Exports

Cumene exports from Japan rose markedly to 258K tons in 2023, increasing by 13% compared with the previous year's figure. Overall, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 34%. Over the period under review, the exports hit record highs at 534K tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, cumene exports shrank to $238M (IndexBox estimates) in 2023. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 118% against the previous year. Over the period under review, the exports reached the peak figure at $653M in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.Japan Cumene Exports By Country (Million USD)

COUNTRYExport Value of Cumene in Japan (million USD)
20132014201520162017201820192020202120222023
China12914314312911115012658.7122155182
South Korea14215877.025.414.528.713.19.220.99.027.3
United States16313914410637.334.635.423.536.941.410.5
Taiwan (Chinese)17688.239.135.311766.452.540.210435.06.3
IndiaN/AN/AN/AN/A0.80.5N/AN/A3.3N/A5.6
Netherlands26.5N/AN/AN/A14715213.4N/AN/AN/AN/A
Others17.521.33.02.63.53.62.72.55.56.56.0
Total653550406298431436243134292247238

Exports by Country

China (198K tons) was the main destination for cumene exports from Japan, accounting for a 77% share of total exports. Moreover, cumene exports to China exceeded the volume sent to the second major destination, South Korea (30K tons), sevenfold. The third position in this ranking was taken by the United States (12K tons), with a 4.6% share.

From 2013 to 2023, the average annual growth rate of volume to China stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-11.4% per year) and the United States (-20.6% per year).

In value terms, China ($182M) remains the key foreign market for cumene exports from Japan, comprising 77% of total exports. The second position in the ranking was held by South Korea ($27M), with an 11% share of total exports. It was followed by the United States, with a 4.4% share.

From 2013 to 2023, the average annual growth rate of value to China stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-15.2% per year) and the United States (-24.0% per year).

Export Prices by Country

In 2023, the cumene price stood at $922 per ton (FOB, Japan), waning by -15% against the previous year. In general, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices attained the maximum at $1,381 per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($1,025 per ton) and China ($922 per ton), while the average price for exports to the United States ($872 per ton) and South Korea ($900 per ton) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.6%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cumene market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20141270 - Cumene

Country coverage:

  • Japan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Japan
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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