Japan - Polymethyl Methacrylate In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingJapan's Export of Polymethyl Methacrylate Significantly Falls to $106 Million in 2023
Japan Polymethyl Methacrylate Exports
For the third year in a row, Japan recorded decline in shipments abroad of polymethyl methacrylate in primary forms, which decreased by -6.9% to 37K tons in 2023. Overall, exports saw a perceptible slump. The pace of growth was the most pronounced in 2016 when exports increased by 37%. As a result, the exports reached the peak of 71K tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, polymethyl methacrylate exports fell markedly to $106M (IndexBox estimates) in 2023. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 45%. As a result, the exports attained the peak of $225M. From 2017 to 2023, the growth of the exports failed to regain momentum.
| COUNTRY | Export Value of Polymethyl Methacrylate in Japan (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 82.1 | 89.2 | 66.0 | 79.5 | 67.3 | 66.8 | 60.9 | 61.4 | 67.2 | 62.5 | 55.4 |
| South Korea | 43.4 | 18.6 | 15.2 | 31.2 | 16.4 | 18.3 | 16.9 | 13.0 | 11.9 | 10.5 | 10.5 |
| Thailand | 9.3 | 5.7 | 4.3 | 7.4 | 4.1 | 3.9 | 3.2 | 3.6 | 5.3 | 4.7 | 4.6 |
| Indonesia | 1.8 | 1.8 | 1.1 | 1.5 | 0.8 | 0.8 | 0.8 | 0.7 | 1.4 | 3.5 | 4.5 |
| United States | 28.6 | 28.4 | 24.7 | 37.0 | 14.5 | 9.8 | 9.7 | 7.5 | 8.9 | 11.7 | 3.9 |
| Hong Kong | 10.5 | 7.5 | 6.3 | 9.6 | 5.6 | 7.2 | 5.1 | 5.1 | 5.6 | 2.5 | 2.9 |
| India | 2.7 | 3.2 | 3.0 | 5.1 | 5.1 | 7.3 | 3.5 | 1.6 | 2.4 | 1.8 | 2.8 |
| Taiwan (Chinese) | 10.0 | 10.4 | 9.4 | 9.7 | 8.3 | 8.2 | 5.3 | 4.6 | 4.7 | 4.4 | 2.6 |
| France | 2.8 | 3.9 | 4.1 | 6.7 | 4.0 | 4.7 | 3.6 | 2.0 | 2.3 | 3.0 | 2.3 |
| Others | 25.7 | 34.6 | 21.3 | 36.9 | 24.1 | 26.6 | 23.2 | 18.6 | 26.3 | 23.1 | 16.7 |
| Total | 217 | 203 | 155 | 225 | 150 | 154 | 132 | 118 | 136 | 128 | 106 |
Exports by Country
China (22K tons) was the main destination for polymethyl methacrylate exports from Japan, accounting for a 60% share of total exports. Moreover, polymethyl methacrylate exports to China exceeded the volume sent to the second major destination, South Korea (2.9K tons), eightfold. The third position in this ranking was taken by Thailand (1.5K tons), with a 4.1% share.
From 2013 to 2023, the average annual growth rate of volume to China amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-4.5% per year) and Thailand (-4.3% per year).
In value terms, China ($55M) remains the key foreign market for polymethyl methacrylate in primary forms exports from Japan, comprising 52% of total exports. The second position in the ranking was taken by South Korea ($10M), with a 9.9% share of total exports. It was followed by Thailand, with a 4.3% share.
From 2013 to 2023, the average annual growth rate of value to China stood at -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-13.3% per year) and Thailand (-6.8% per year).
Export Prices by Country
In 2023, the polymethyl methacrylate price amounted to $2,868 per ton (FOB, Japan), declining by -10.8% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 24%. The export price peaked at $3,690 per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($6,574 per ton), while the average price for exports to Spain ($1,622 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the polymethyl methacrylate 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 20165350 - Polymethyl methacrylate, in primary forms
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
