Japan: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Japan

The Japanese market for compounds with other nitrogen function (excluding isocyanates) reduced modestly to $X in 2022, with a decrease of -2.6% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Japan

In value terms, compounds with other nitrogen function production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Japan

In 2022, compounds with other nitrogen function exports from Japan reduced markedly to X tons, which is down by -36.3% on 2021 figures. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 136% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted sharply in the following year.

In value terms, compounds with other nitrogen function exports fell markedly to $X in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 118% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank markedly in the following year.

Exports by Country

South Korea (X tons), China (X tons) and the Philippines (X tons) were the main destinations of compounds with other nitrogen function exports from Japan, together accounting for 76% of total exports. The United States, Israel and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +105.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for compounds with other nitrogen function exported from Japan were Taiwan (Chinese) ($X), China ($X) and South Korea ($X), together accounting for 83% of total exports. The United States, Israel and the Philippines lagged somewhat behind, together accounting for a further 15%.

Israel, with a CAGR of +116.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 75%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the Philippines ($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 Taiwan (Chinese) (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Japan

In 2022, overseas purchases of compounds with other nitrogen function (excluding isocyanates) were finally on the rise to reach X tons after three years of decline. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 67%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, South Korea (X tons) constituted the largest compounds with other nitrogen function supplier to Japan, accounting for a 62% share of total imports. Moreover, compounds with other nitrogen function imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea stood at +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.7% per year) and Taiwan (Chinese) (+25.5% per year).

In value terms, South Korea ($X), China ($X) and the United States ($X) constituted the largest compounds with other nitrogen function suppliers to Japan, together accounting for 78% of total imports.

Among the main suppliers, South Korea, with a CAGR of +36.7%, recorded 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

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, rising by 9.1% against the previous year. Over the period under review, the import price enjoyed mild growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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