Japan: Aramids Staple Market 2024

Aramids Staple Market Size in Japan

After five years of growth, the Japanese aramids staple market decreased by -19.7% to $X in 2021. Over the period under review, consumption, however, enjoyed a strong expansion. Aramids staple consumption peaked at $X in 2020, and then shrank dramatically in the following year.

Aramids Staple Production in Japan

In value terms, aramids staple production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17%. Aramids staple production peaked at $X in 2020, and then contracted slightly in the following year.

Aramids Staple Exports

Exports from Japan

In 2021, shipments abroad of aramids staple was finally on the rise to reach X tons after five years of decline. In general, exports, however, recorded a abrupt setback. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, aramids staple exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a deep setback. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) were the main destinations of aramids staple exports from Japan, with a combined 91% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +31.4%), while the other leaders experienced a decline.

In value terms, China ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X) constituted the largest markets for aramids staple exported from Japan worldwide, with a combined 88% share of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +25.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average aramids staple export price stood at $X per ton in 2021, reducing by -17.6% against the previous year. Over the period under review, the export price saw a mild descent. The growth pace was the most rapid in 2018 an increase of 23%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then declined sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Italy (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Aramids Staple Imports

Imports into Japan

In 2021, the amount of aramids staple imported into Japan fell dramatically to X tons, which is down by -19.8% on the year before. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 45% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, aramids staple imports dropped remarkably to $X in 2021. Overall, imports recorded a perceptible slump. The pace of growth appeared the most rapid in 2014 when imports increased by 30%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), South Korea (X tons) and the Netherlands (X tons) were the main suppliers of aramids staple imports to Japan, with a combined 74% share of total imports. These countries were followed by Thailand, China and the United States, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +65.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), South Korea ($X) and Spain ($X) constituted the largest aramids staple suppliers to Japan, together comprising 76% of total imports. Thailand, China and the United States lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Thailand, with a CAGR of +80.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aramids staple import price stood at $X per ton in 2021, shrinking by -6.8% against the previous year. Over the period under review, the import price recorded a pronounced descent. The growth pace was the most rapid in 2019 when the average import price increased by 6.4% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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