Japan: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Japan

The Japanese animal or vegetable fertilisers market fell slightly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a slight contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Animal Or Vegetable Fertilisers in Japan

In value terms, animal or vegetable fertilisers production dropped modestly to $X in 2022 estimated in export price. In general, production continues to indicate a slight slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports from Japan

In 2022, the amount of animal or vegetable fertilisers exported from Japan surged to X tons, with an increase of X% against the year before. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, animal or vegetable fertilisers exports soared to $X in 2022. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for animal or vegetable fertilisers exports from Japan, accounting for a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Vietnam exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. The third position in this ranking was taken by Cambodia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Cambodia (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for animal or vegetable fertilisers exports from Japan, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Cambodia (X% per year).

Export Prices by Country

In 2022, the average animal or vegetable fertilisers export price amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Animal Or Vegetable Fertilisers

Imports into Japan

In 2022, the amount of animal or vegetable fertilisers imported into Japan declined to X tons, dropping by X% on the year before. In general, imports continue to indicate a slight descent. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, animal or vegetable fertilisers imports rose rapidly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of animal or vegetable fertilisers imports to Japan, with a combined X% share of total imports. Taiwan (Chinese), Vietnam, Thailand, Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), China ($X) and Indonesia ($X) constituted the largest animal or vegetable fertilisers suppliers to Japan, with a combined X% share of total imports. Taiwan (Chinese), Vietnam, Thailand, Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average animal or vegetable fertilisers import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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