Japan: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Japan

The Japanese double or complex silicates market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Double Or Complex Silicates in Japan

In value terms, double or complex silicates production surged to $X in 2021 estimated in export price. In general, production continues to indicate moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of 104% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Double Or Complex Silicates

Exports from Japan

In 2021, overseas shipments of double or complex silicates increased by 39% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 54% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, double or complex silicates exports surged to $X in 2021. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 313% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of double or complex silicates exports from Japan, with a combined 55% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +67.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for double or complex silicates exports from Japan, comprising 46% of total exports. The second position in the ranking was held by the United States ($X), with a 17% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +90.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+32.7% per year) and China (+22.1% per year).

Export Prices by Country

In 2021, the average double or complex silicates export price amounted to $X per ton, falling by -12.1% against the previous year. Overall, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 168% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Indonesia ($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 the Netherlands (+13.5%), while the prices for the other major destinations experienced a decline.

Imports of Double Or Complex Silicates

Imports into Japan

In 2021, supplies from abroad of double or complex silicates increased by 1.1% to X tons for the first time since 2012, thus ending a eight-year declining trend. In general, imports, however, faced a abrupt shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports skyrocketed to $X in 2021. Overall, imports, however, saw a mild slump. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest double or complex silicates supplier to Japan, accounting for a 62% share of total imports. Moreover, double or complex silicates imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.6% per year) and Thailand (-12.8% per year).

In value terms, the largest double or complex silicates suppliers to Japan were China ($X), South Korea ($X) and Thailand ($X), with a combined 66% share of total imports.

In terms of the main suppliers, China, with a CAGR of +11.9%, recorded the highest growth rate of 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 double or complex silicates import price amounted to $X per ton, with an increase of 36% against the previous year. Overall, the import price posted a buoyant expansion. The growth pace was the most rapid in 2017 an increase of 40%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

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 China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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