Japan: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Japan

The Japanese market for articles of cellulose fibre-cement, not containing asbestos surged to $X in 2022, picking up by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Japan

In 2022, shipments abroad of articles of cellulose fibre-cement, not containing asbestos increased by 210% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 729%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos soared to $X in 2022. In general, exports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2014 when exports increased by 225% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main destinations of exports of articles of cellulose fibre-cement, not containing asbestos from Japan, together comprising 91% of total exports. Thailand, the United States and China lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +72.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Malaysia ($X) and Taiwan (Chinese) ($X) constituted the largest markets for articles of cellulose fibre-cement, not containing asbestos exported from Japan worldwide, together comprising 78% of total exports. Thailand, the United States and China lagged somewhat behind, together comprising a further 22%.

The United States, with a CAGR of +173.1%, 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

The average export price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, dropping by -46.2% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 71%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 the United States (+58.8%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Japan

In 2022, purchases abroad of articles of cellulose fibre-cement, not containing asbestos was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2019 when imports increased by 77% against the previous year. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos surged to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +1.9% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 66%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), South Korea (X tons) and China (X tons) were the main suppliers of imports of articles of cellulose fibre-cement, not containing asbestos to Japan, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +16.8%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Japan, comprising 59% of total imports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.3% per year) and Vietnam (-5.5% per year).

Import Prices by Country

The average import price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, surging by 10% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for articles of cellulose fibre-cement, not containing asbestos increased by +40.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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