Japan: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2025

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Japan

The Japanese market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X in 2021, almost unchanged from the previous year. Overall, consumption, however, enjoyed a resilient increase. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Japan

In value terms, production of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders expanded to $X in 2021 estimated in export price. In general, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 92% against the previous year. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports from Japan

In 2021, shipments abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by -0.1% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 319%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 209% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from Japan, with a 57% share of total exports. Moreover, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +165.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+38.4% per year) and South Korea (+69.7% per year).

In value terms, the United States ($X) remains the key foreign market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exports from Japan, comprising 63% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +175.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+33.1% per year) and South Korea (+45.0% per year).

Export Prices by Country

The average export price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders stood at $X per ton in 2021, rising by 24% against the previous year. Overall, the export price, however, saw a perceptible contraction. The growth pace was the most rapid in 2017 an increase of 32%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($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 the United States (+3.6%), while the prices for the other major destinations experienced a decline.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports into Japan

In 2021, the amount of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders imported into Japan declined dramatically to X tons, reducing by -86.6% on the previous year's figure. Over the period under review, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 2,489%. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders contracted dramatically to $X in 2021. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 825% against the previous year. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders supplier to Japan, with a 43% share of total imports. Moreover, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from Malaysia exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at +62.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.5% per year) and Germany (+28.7% per year).

In value terms, the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders suppliers to Japan were Malaysia ($X), the United States ($X) and Germany ($X), with a combined 84% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +90.3%, 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

The average import price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders stood at $X per ton in 2021, with an increase of 300% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+123.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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