Japan: Ether Market 2024

Ether Market Size in Japan

In 2022, the Japanese ether market increased by 26% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +40.4% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Ether Production in Japan

In value terms, ether production amounted to $X in 2022 estimated in export price. Overall, production saw a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of 7.3%. Ether production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ether Exports

Exports from Japan

In 2022, exports of ethers from Japan shrank dramatically to X tons, which is down by -17.9% compared with the year before. Over the period under review, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2015 with an increase of 35%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, ether exports shrank modestly to $X in 2022. Overall, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 5.2%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for ether exports from Japan, with a 44% share of total exports. Moreover, ether exports to China exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-2.1% per year) and the United States (-5.2% per year).

In value terms, the Netherlands ($X), the United States ($X) and China ($X) were the largest markets for ether exported from Japan worldwide, with a combined 59% share of total exports. South Korea, Taiwan (Chinese), Singapore, Indonesia, Belgium, Sweden, Thailand, the Philippines, Vietnam and Malaysia lagged somewhat behind, together comprising a further 29%.

The Philippines, with a CAGR of +19.3%, saw the highest growth rate of 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

In 2022, the average ether export price amounted to $X per ton, rising by 18% against the previous year. Overall, the export price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 32%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Vietnam ($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 China (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Japan

In 2022, approx. X tons of ethers were imported into Japan; rising by 4.8% compared with 2021. Overall, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 34% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, ether imports soared to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main supplier of ether to Japan, with a 94% share of total imports. It was followed by China (X tons), with a 2.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +10.2%.

In value terms, the United States ($X) constituted the largest supplier of ethers to Japan, comprising 86% of total imports. The second position in the ranking was taken by China ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +10.0%.

Import Prices by Country

The average ether import price stood at $X per ton in 2022, rising by 40% against the previous year. Over the period under review, the import price, however, showed a mild setback. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.1%).

Source: IndexBox Platform

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