Japan: Cream Market 2021

Cream Market Size in Japan

In 2020, the Japanese cream market increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is likely to see steady growth in the near future.

Cream Production in Japan

In value terms, cream production totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Cream production peaked in 2020 and is likely to continue growth in the immediate term.

Cream Exports

Exports from Japan

In 2020, overseas shipments of cream decreased by -X% to X tons, falling for the tenth consecutive year after four years of growth. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

In value terms, cream exports expanded significantly to $X in 2020. Over the period under review, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for cream exports from Japan, accounting for a X% share of total exports. Moreover, cream exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X kg), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Taiwan (Chinese) totaled -X%.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for cream exports from Japan, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +X%.

Export Prices by Country

In 2020, the average cream export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese).

Cream Imports

Imports into Japan

For the tenth year in a row, Japan recorded growth in purchases abroad of cream, which increased by X% to X tons in 2020. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, cream imports expanded slightly to $X in 2020. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, Australia (X tons) was the main supplier of cream to Japan, with a X% share of total imports. Moreover, cream imports from Australia exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Australia stood at +X%.

In value terms, Australia ($X) constituted the largest supplier of cream to Japan, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia amounted to +X%.

Import Prices by Country

The average cream import price stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2011 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per ton), while the price for the UK amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Source: IndexBox Platform

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