Japan: Plaster Article Market 2024

Plaster Article Market Size in Japan

The Japanese plaster article market totaled $X in 2021, growing by 1.9% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Plaster Article Production in Japan

In value terms, plaster article production stood at $X in 2021 estimated in export price. In general, production, however, saw a mild downturn. The growth pace was the most rapid in 2016 with an increase of 7.6%. Plaster article production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Plaster Article Exports

Exports from Japan

In 2021, overseas shipments of articles of plaster or of compositions based on plaster decreased by -11.1% to X tons, falling for the third year in a row after five years of growth. In general, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 59%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, plaster article exports shrank to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 27%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for plaster article exports from Japan, accounting for a 66% share of total exports. Moreover, plaster article exports to Vietnam exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. China (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +180.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+13.1% per year) and China (+31.5% per year).

In value terms, the largest markets for plaster article exported from Japan were Vietnam ($X), the Philippines ($X) and China ($X), with a combined 86% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +71.7%, saw the highest rates of growth with regard to the value of exports, 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 plaster article export price amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam ($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 Taiwan (Chinese) (+0.4%), while the prices for the other major destinations experienced a decline.

Plaster Article Imports

Imports into Japan

In 2021, approx. X tons of articles of plaster or of compositions based on plaster were imported into Japan; waning by -46.5% compared with 2020. Overall, imports saw a mild decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 181% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, plaster article imports declined rapidly to $X in 2021. In general, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 554%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plaster article to Japan, accounting for a 46% share of total imports. Moreover, plaster article imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.6% per year) and the United Arab Emirates (+241.5% per year).

In value terms, China ($X) constituted the largest supplier of plaster article to Japan, comprising 62% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by the United States, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+22.3% per year) and the United States (+1.5% per year).

Import Prices by Country

The average plaster article import price stood at $X per ton in 2021, with a decrease of -47.8% against the previous year. Overall, the import price, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 204% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+45.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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