Japan: Market for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates 2024

Market Size for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Japan

In 2021, after two years of growth, there was significant decline in the Japanese chlorates, bromates and iodates market, when its value decreased by -7.6% to $X. Over the period under review, consumption recorded a deep setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Japan

In value terms, chlorates, bromates and iodates production contracted to $X in 2021 estimated in export price. Overall, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 69% against the previous year. Chlorates, bromates and iodates production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Exports from Japan

After four years of decline, overseas shipments of chlorates and perchlorates, bromates and perbromates, iodates and periodates increased by 32% to X tons in 2021. Over the period under review, exports, however, continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2016 with an increase of 79%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorates, bromates and iodates exports skyrocketed to $X in 2021. Overall, exports, however, saw a noticeable contraction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for chlorates, bromates and iodates exports from Japan, accounting for a 67% share of total exports. Moreover, chlorates, bromates and iodates exports to Vietnam exceeded the volume sent to the second major destination, South Korea (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+20.0% per year) and Thailand (-11.0% per year).

In value terms, the largest markets for chlorates, bromates and iodates exported from Japan were Vietnam ($X), South Korea ($X) and Thailand ($X), with a combined 90% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +21.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average chlorates, bromates and iodates export price stood at $X per ton in 2021, rising by 7.8% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chlorates, bromates and iodates export price increased by +91.1% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 38%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while the average price for exports to Vietnam ($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 Thailand (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Imports into Japan

Chlorates, bromates and iodates imports into Japan skyrocketed to X tons in 2021, surging by 24% on the previous year. Over the period under review, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 268% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, chlorates, bromates and iodates imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 155% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Sweden (X tons) and China (X tons) were the main suppliers of chlorates, bromates and iodates imports to Japan, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +83.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Sweden ($X) and China ($X) were the largest chlorates, bromates and iodates suppliers to Japan, with a combined 96% share of total imports.

Sweden, with a CAGR of +61.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chlorates, bromates and iodates import price stood at $X per ton in 2021, which is down by -2% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The growth pace was the most rapid in 2019 when the average import price increased by 60% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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 China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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