Japan: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Japan

The Japanese cyclohexanone and methylcyclohexanones market skyrocketed to $X in 2021, increasing by 148% against the previous year. In general, consumption, however, recorded a abrupt shrinkage. Cyclohexanone and methylcyclohexanones consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cyclohexanone And Methylcyclohexanones Production in Japan

In value terms, cyclohexanone and methylcyclohexanones production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of 17%. Cyclohexanone and methylcyclohexanones production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Japan

In 2021, cyclohexanone and methylcyclohexanones exports from Japan declined to X tons, which is down by -9.9% on the previous year's figure. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,206%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cyclohexanone and methylcyclohexanones exports soared to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 951%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for cyclohexanone and methylcyclohexanones exports from Japan, accounting for a 51% share of total exports. Moreover, cyclohexanone and methylcyclohexanones exports to Thailand exceeded the volume sent to the second major destination, India (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a 22% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand stood at +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+17.3% per year) and South Korea (+46.5% per year).

In value terms, Thailand ($X), South Korea ($X) and India ($X) were the largest markets for cyclohexanone and methylcyclohexanones exported from Japan worldwide, together comprising 93% of total exports.

Among the main countries of destination, South Korea, with a CAGR of +40.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cyclohexanone and methylcyclohexanones export price amounted to $X per ton, surging by 58% against the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($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 China (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexanone And Methylcyclohexanones Imports

Imports into Japan

Cyclohexanone and methylcyclohexanones imports into Japan surged to X tons in 2021, jumping by 51% compared with the previous year's figure. Overall, imports, however, saw a deep contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones imports skyrocketed to $X in 2021. In general, imports, however, saw a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest cyclohexanone and methylcyclohexanones supplier to Japan, with a 67% share of total imports. Moreover, cyclohexanone and methylcyclohexanones imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.8% per year) and the United States (-31.9% per year).

In value terms, the largest cyclohexanone and methylcyclohexanones suppliers to Japan were Taiwan (Chinese) ($X), China ($X) and the United States ($X), with a combined 100% share of total imports.

Among the main suppliers, China, with a CAGR of -4.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average cyclohexanone and methylcyclohexanones import price amounted to $X per ton, growing by 41% against the previous year. In general, the import price, however, showed a noticeable setback. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 the Netherlands ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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