Japan: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Japan

After two years of growth, the Japanese activated natural mineral products market decreased by -2.3% to $X in 2021. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then shrank modestly in the following year.

Production of Activated Natural Mineral Products in Japan

In value terms, activated natural mineral products production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 23%. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.

Exports of Activated Natural Mineral Products

Exports from Japan

In 2021, the amount of activated natural mineral products exported from Japan expanded slightly to X tons, increasing by 2.7% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 74%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, activated natural mineral products exports expanded to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 40%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for activated natural mineral products exports from Japan, with a 47% share of total exports. Moreover, activated natural mineral products exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.9% per year) and South Korea (-1.2% per year).

In value terms, South Korea ($X) remains the key foreign market for activated natural mineral products exports from Japan, comprising 69% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.4% share of total exports. It was followed by China, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+4.5% per year) and China (+12.0% per year).

Export Prices by Country

In 2021, the average activated natural mineral products export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 27%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Activated Natural Mineral Products

Imports into Japan

In 2021, the amount of activated natural mineral products imported into Japan declined to X tons, which is down by -7.6% against the previous year. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by 17%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, activated natural mineral products imports reduced to $X in 2021. Over the period under review, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 14% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of activated natural mineral products to Japan, with a 51% share of total imports. Moreover, activated natural mineral products imports from the United States exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.7% per year) and China (-7.2% per year).

In value terms, the United States ($X) constituted the largest supplier of activated natural mineral products to Japan, comprising 58% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total imports. It was followed by Lao People's Democratic Republic, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-5.4% per year) and Lao People's Democratic Republic (-11.6% per year).

Import Prices by Country

The average activated natural mineral products import price stood at $X per ton in 2021, shrinking by -5.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :