Japan: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Japan

In 2022, the Japanese compound plasticisers market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, recorded a deep contraction. Compound plasticisers consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Compound Plasticisers Production in Japan

In value terms, compound plasticisers production rose slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Compound Plasticisers Exports

Exports from Japan

In 2022, approx. X tons of compound plasticisers for rubber or plastics were exported from Japan; waning by X% compared with the previous year. Over the period under review, exports showed a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, compound plasticisers exports contracted remarkably to $X in 2022. In general, exports recorded a perceptible reduction. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

China (X tons) was the main destination for compound plasticisers exports from Japan, with a X% share of total exports. Moreover, compound plasticisers exports to China exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Thailand (X% per year).

In value terms, China ($X) remains the key foreign market for compound plasticisers for rubber or plastics exports from Japan, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average compound plasticisers export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, recorded a noticeable downturn. The export price peaked 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 Vietnam ($X per ton), while the average price for exports to China ($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 Malaysia (X%), while the prices for the other major destinations experienced a decline.

Compound Plasticisers Imports

Imports into Japan

In 2022, overseas purchases of compound plasticisers for rubber or plastics increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, compound plasticisers imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Malaysia (X tons) were the main suppliers of compound plasticisers imports to Japan, with a combined X% share of total imports. The UK, China and the United States lagged somewhat behind, together comprising a further X%.

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 X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Malaysia ($X) constituted the largest compound plasticisers suppliers to Japan, with a combined X% share of total imports. The UK, China and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 compound plasticisers import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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