Japan: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Japan

The Japanese vulcanised rubber erases market totaled $X in 2021, picking up by 8.6% against the previous year. Overall, consumption, however, recorded a noticeable contraction. Vulcanised rubber erases consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Production in Japan

In value terms, vulcanised rubber erases production reduced slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 6.2%. Over the period under review, production reached the peak level at $X in 2020, and then dropped slightly in the following year.

Vulcanised Rubber Erases Exports

Exports from Japan

In 2021, exports of erasers of vulcanised rubber from Japan dropped slightly to X tons, approximately mirroring 2020 figures. Over the period under review, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 73% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports dropped modestly to $X in 2021. Overall, exports, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2013 when exports increased by 82% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Hong Kong SAR (X tons) and Vietnam (X tons) were the main destinations of vulcanised rubber erases exports from Japan, with a combined 70% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +33.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber erases exported from Japan were China ($X), Hong Kong SAR ($X) and the United States ($X), with a combined 72% share of total exports. These countries were followed by Vietnam, Germany, Taiwan (Chinese), South Korea and the UK, which together accounted for a further 21%.

Vietnam, with a CAGR of +37.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, waning by -3.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 34%. The export price peaked at $X per ton in 2020, and then dropped slightly in the following year.

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 Germany ($X per ton), while the average price for exports to Vietnam ($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 Hungary (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Japan

In 2021, imports of erasers of vulcanised rubber into Japan surged to X tons, picking up by 99% compared with the year before. In general, imports, however, saw a abrupt decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 116%. 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 supplier of vulcanised rubber erases to Japan, accounting for a 78% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+46.6% per year) and Taiwan (Chinese) (-13.9% per year).

In value terms, China ($X), Malaysia ($X) and Taiwan (Chinese) ($X) constituted the largest vulcanised rubber erases suppliers to Japan, together comprising 97% of total imports.

Malaysia, with a CAGR of +49.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2021, which is down by -33.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 46%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a 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 Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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