Japan: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Japan

The Japanese sodium carbonate market contracted to $X in 2022, approximately mirroring the previous year. In general, consumption recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 when the market value increased by 2.5% against the previous year. Sodium carbonate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sodium Carbonate Production in Japan

In value terms, sodium carbonate production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 2.6% against the previous year. Sodium carbonate production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sodium Carbonate Exports

Exports from Japan

In 2022, after five years of growth, there was significant decline in overseas shipments of sodium carbonate, when their volume decreased by -10.6% to X tons. Over the period under review, exports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, sodium carbonate exports surged to $X in 2022. Overall, exports, however, saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for sodium carbonate exports from Japan, accounting for a 50% share of total exports. Moreover, sodium carbonate exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Thailand (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-8.2% per year) and Thailand (-9.5% per year).

In value terms, the largest markets for sodium carbonate exported from Japan were Spain ($X), China ($X) and Vietnam ($X), together comprising 72% of total exports.

In terms of the main countries of destination, China, with a CAGR of +18.4%, saw the highest rates of growth with regard to 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

The average sodium carbonate export price stood at $X per ton in 2022, growing by 74% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Thailand ($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 India (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Carbonate Imports

Imports into Japan

In 2022, approx. X tons of sodium carbonate were imported into Japan; declining by -3.6% compared with the year before. Overall, imports saw a pronounced curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, sodium carbonate imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of sodium carbonate to Japan, accounting for a 89% share of total imports. Moreover, sodium carbonate imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of sodium carbonate to Japan, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +1.6%.

Import Prices by Country

In 2022, the average sodium carbonate import price amounted to $X per ton, picking up by 45% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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