Japan: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Japan

The Japanese market for coconut, abaca, ramie and other vegetable textile fibres rose sharply to $X in 2022, growing by 7.8% 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, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Japan

In 2022, exports of coconut, abaca, ramie and other vegetable textile fibres from Japan contracted significantly to X tons, waning by -87.7% compared with the year before. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 3,947%. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres fell notably to $X in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,651% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Japan, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled +147.6%.

In value terms, Vietnam ($X) also remains the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Japan.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to +75.0%.

Export Prices by Country

In 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, surging by 431% against the previous year. Overall, the export price, however, showed a noticeable decrease. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +18.0% per year.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Japan

In 2022, approx. X tons of coconut, abaca, ramie and other vegetable textile fibres were imported into Japan; surging by 2.6% on 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres reached $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 30% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibre to Japan, with a 54% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from the Philippines exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), twofold. The third position in this ranking was held by Sri Lanka (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+0.1% per year) and Sri Lanka (-4.1% per year).

In value terms, the Philippines ($X), Ecuador ($X) and China ($X) were the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Japan, together comprising 94% of total imports.

Among the main suppliers, the Philippines, with a CAGR of +16.2%, 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

In 2022, the average import price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, growing by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 13%. 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 ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform