Japan: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Japan

In 2021, the Japanese amine-function compounds market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Amine-Function Compounds Production in Japan

In value terms, amine-function compounds production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 9.4%. Amine-function compounds production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Amine-Function Compounds Exports

Exports from Japan

In 2021, overseas shipments of amine-function compounds increased by 27% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, amine-function compounds exports surged to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for amine-function compounds exports from Japan, accounting for a 32% share of total exports. Moreover, amine-function compounds exports to China exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.8% per year) and South Korea (-7.3% per year).

In value terms, China ($X), the United States ($X) and South Korea ($X) appeared to be the largest markets for amine-function compounds exported from Japan worldwide, with a combined 56% share of total exports. The Netherlands, Taiwan (Chinese), India and Singapore lagged somewhat behind, together accounting for a further 24%.

India, with a CAGR of +7.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average amine-function compounds export price amounted to $X per ton, picking up by 3.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 9.3% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Singapore ($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 China (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Japan

In 2021, supplies from abroad of amine-function compounds increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, amine-function compounds imports rose notably to $X in 2021. Over the period under review, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of amine-function compounds imports to Japan, together accounting for 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +3.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest amine-function compounds suppliers to Japan were the United States ($X), China ($X) and India ($X), together comprising 76% of total imports.

India, with a CAGR of +5.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average amine-function compounds import price stood at $X per ton in 2021, falling by -5.6% against the previous year. Overall, the import price continues to indicate a mild decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 7.3%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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