Japan: Dichloromethane Market 2024

Dichloromethane Market Size in Japan

The Japanese dichloromethane market reduced to $X in 2021, which is down by -10.5% against the previous year. In general, consumption recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Dichloromethane Production in Japan

In value terms, dichloromethane production reached $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. Dichloromethane production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Dichloromethane Exports

Exports from Japan

For the third year in a row, Japan recorded growth in shipments abroad of dichloromethane (methylene chloride), which increased by 15% to X tons in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 24%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, dichloromethane exports soared to $X in 2021. Over the period under review, total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.9% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for dichloromethane exports from Japan, accounting for a 68% share of total exports. Moreover, dichloromethane exports to India exceeded the volume sent to the second major destination, Indonesia (X tons), tenfold. Singapore (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +102.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+6.2% per year) and Singapore (-0.1% per year).

In value terms, India ($X) remains the key foreign market for dichloromethane (methylene chloride) exports from Japan, comprising 57% of total exports. The second position in the ranking was held by Indonesia ($X), with a 9.2% share of total exports. It was followed by Singapore, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +88.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+10.1% per year) and Singapore (+0.3% per year).

Export Prices by Country

In 2021, the average dichloromethane export price amounted to $X per ton, surging by 28% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 36%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while the average price for exports to India ($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 South Korea (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dichloromethane Imports

Imports into Japan

In 2021, after two years of growth, there was significant decline in overseas purchases of dichloromethane (methylene chloride), when their volume decreased by -82.3% to X tons. Overall, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 218% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, dichloromethane imports fell dramatically to $X in 2021. In general, imports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 130% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest dichloromethane supplier to Japan, accounting for a 81% share of total imports. Moreover, dichloromethane imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -23.3%.

In value terms, China ($X) constituted the largest supplier of dichloromethane (methylene chloride) to Japan, comprising 73% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -24.0%.

Import Prices by Country

In 2021, the average dichloromethane import price amounted to $X per ton, with an increase of 41% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 61%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.5%).

Source: IndexBox Platform

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