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Japan - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

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

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Aug 7, 2023

Average Isocyanates Price in Japan Drops by 8%, Reaching $2,894 per Ton

Japan Isocyanates Export Price in April 2023

In April 2023, the isocyanates price stood at $2,894 per ton (FOB, Japan), reducing by -8.5% against the previous month. In general, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 26% m-o-m. Over the period under review, the average export prices hit record highs at $4,348 per ton in May 2022; however, from June 2022 to April 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($5,487 per ton), while the average price for exports to Singapore ($1,858 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

COUNTRYExport Price of Isocyanates in Japan (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Thailand4,2906,16212,4324,4154,4705,2144,8644,1416,1645,1324,4025,0625,487
Vietnam3,9325,7684,3793,3914,1053,6204,7222,6564,3712,9172,7653,0182,937
China5,2423,8924,1764,3614,2173,6502,8623,6853,4122,6162,5124,1632,920
Taiwan (Chinese)2,8263,3742,9132,8562,9622,5452,5712,7452,4322,3712,2352,5632,420
Indonesia2,5102,8652,8032,5992,4072,3442,3522,5742,5952,4782,2342,4462,391
Malaysia2,8503,5172,7233,0272,8892,9702,6852,5292,5582,4832,2912,4752,387
NigeriaN/AN/AN/AN/AN/A2,166N/AN/A3,020N/AN/A2,5712,342
India2,4582,5772,1502,3552,5502,2482,4992,4242,1702,0592,1222,3292,226
Turkey2,6072,7512,6602,7472,7412,5642,2282,4132,4782,3442,1042,0992,095
Singapore2,4372,4912,3522,1712,1971,9991,7961,9191,7381,6441,6481,9011,858
Average3,9214,3484,1153,5393,4883,2702,9853,0073,2412,7262,5093,1622,894

Japan Isocyanates Exports

In April 2023, shipments abroad of isocyanates decreased by -30.3% to 13K tons, falling for the second month in a row after two months of growth. Over the period under review, exports, however, recorded pronounced growth. The pace of growth appeared the most rapid in February 2023 when exports increased by 55% m-o-m. As a result, the exports attained the peak of 20K tons. From March 2023 to April 2023, the growth of the exports failed to regain momentum.

In value terms, isocyanates exports contracted dramatically to $38M (IndexBox estimates) in April 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 with an increase of 43% month-to-month.

Japan Isocyanates Exports by Country

China (3K tons), Vietnam (2K tons) and India (1.8K tons) were the main destinations of isocyanates exports from Japan, with a combined 52% share of total exports. Taiwan (Chinese), Turkey, Indonesia, Malaysia, Singapore, Thailand and Nigeria lagged somewhat behind, together accounting for a further 39%.

From April 2022 to April 2023, the biggest increases were in Nigeria (with a CAGR of +29.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($8.8M), Vietnam ($6M) and India ($4M) were the largest markets for isocyanates exported from Japan worldwide, with a combined 49% share of total exports. These countries were followed by Taiwan (Chinese), Turkey, Thailand, Indonesia, Malaysia, Singapore and Nigeria, which together accounted for a further 34%.

Nigeria, with a CAGR of +30.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the isocyanates 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 20144450 - Isocyanates

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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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