Japan: Acetone Market 2025

Acetone Market Size in Japan

The Japanese acetone market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Acetone Production in Japan

In value terms, acetone production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Acetone Exports

Exports from Japan

In 2021, after two years of growth, there was significant decline in overseas shipments of acetone, when their volume decreased by -8% to X tons. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 67% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, acetone exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 131%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for acetone exports from Japan, with a 64% share of total exports. Moreover, acetone exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by the Philippines (X tons), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-17.8% per year) and the Philippines (+11.6% per year).

In value terms, the United States ($X) remains the key foreign market for acetone exports from Japan, comprising 64% of total exports. The second position in the ranking was taken by China ($X), with a 24% share of total exports. It was followed by the Philippines, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-19.3% per year) and the Philippines (+12.6% per year).

Export Prices by Country

The average acetone export price stood at $X per ton in 2021, jumping by 28% against the previous year. In general, the export price, however, showed a slight descent. The growth pace was the most rapid in 2020 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and South Korea ($X per ton), while the average price for exports to China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+0.9%), while the prices for the other major destinations experienced a decline.

Acetone Imports

Imports into Japan

Acetone imports into Japan surged to X tons in 2021, jumping by 88% on the previous year. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 248% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, acetone imports surged to $X in 2021. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 524% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Singapore (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of acetone imports to Japan, together accounting for 99.9% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +62.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acetone suppliers to Japan were Singapore ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising 99.9% of total imports.

Singapore, with a CAGR of +72.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average acetone import price amounted to $X per ton, picking up by 6.9% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2020 an increase of 79%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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