Japan - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJapan's Polystyrene Exports Plummet to $12M in July 2023
Japan Polystyrene Exports
In July 2023, overseas shipments of polystyrene increased by 1.3% to 11K tons, rising for the second consecutive month after two months of decline. In general, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in February 2023 when exports increased by 46% month-to-month.
In value terms, polystyrene exports contracted to $12M (IndexBox estimates) in July 2023. Over the period under review, exports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in February 2023 when exports increased by 33% against the previous month.
| COUNTRY | Export Value of Polystyrene in Japan (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| China | 5.8 | 5.6 | 5.9 | 6.1 | 6.8 | 7.0 | 4.9 | 7.1 | 7.5 | 7.2 | 4.7 | 4.4 | 4.5 |
| Malaysia | 3.6 | 3.2 | 2.5 | 2.2 | 1.9 | 1.6 | 1.4 | 1.8 | 2.3 | 1.9 | 1.7 | 1.8 | 2.1 |
| Vietnam | 0.9 | 0.7 | 0.6 | 0.8 | 0.6 | 0.5 | 0.3 | 0.3 | 0.8 | 0.8 | 0.6 | 0.5 | 0.5 |
| Others | 4.9 | 4.3 | 3.8 | 4.9 | 4.2 | 4.6 | 4.2 | 5.3 | 4.1 | 3.0 | 5.4 | 6.1 | 4.7 |
| Total | 15.2 | 13.7 | 12.9 | 13.9 | 13.5 | 13.7 | 10.9 | 14.4 | 14.6 | 12.8 | 12.4 | 12.9 | 11.7 |
Exports by Country
China (5.8K tons), Malaysia (2.9K tons) and Vietnam (470 tons) were the main destinations of polystyrene exports from Japan, with a combined 81% share of total exports.
From July 2022 to July 2023, the biggest increases were in China (with a CAGR of -0.6%), while shipments for the other leaders experienced a decline.
In value terms, China ($4.5M) remains the key foreign market for polystyrene exports from Japan, comprising 38% of total exports. The second position in the ranking was held by Malaysia ($2.1M), with an 18% share of total exports.
From July 2022 to July 2023, the average monthly growth rate of value to China stood at -2.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Malaysia (-4.6% per month) and Vietnam (-5.3% per month).
Exports by Type
Polystyrene in primary forms (excluding expansible polystyrene) (11K tons) was the largest type of polystyrene exported from Japan, with a 95% share of total exports. Moreover, polystyrene in primary forms (excluding expansible polystyrene) exceeded the volume of the second product type, expansible polystyrene in primary forms (570 tons), more than tenfold.
From July 2022 to July 2023, the average monthly growth rate of the volume of export of polystyrene in primary forms (excluding expansible polystyrene) stood at -1.2%.
In value terms, polystyrene in primary forms (excluding expansible polystyrene) ($11M) remains the largest type of polystyrene exported from Japan, comprising 95% of total exports. The second position in the ranking was taken by expansible polystyrene in primary forms ($617K), with a 5.3% share of total exports.
From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of polystyrene in primary forms (excluding expansible polystyrene) stood at -1.9%.
Export Prices by Country
In July 2023, the polystyrene price amounted to $1,032 per ton (FOB, Japan), dropping by -10.3% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 18% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,281 per ton in January 2023; however, from February 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($2,062 per ton), while the average price for exports to Russia ($678 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.1%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the polystyrene 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 20162035 - Expansible polystyrene, in primary forms
- Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
