Japan: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Japan

The Japanese expansible polystyrene market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a perceptible reduction. Expansible polystyrene consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Expansible Polystyrene Production in Japan

In value terms, expansible polystyrene production soared to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt contraction. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Expansible Polystyrene Exports

Exports from Japan

In 2021, overseas shipments of expansible polystyrene in primary forms decreased by -16% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2018 when exports increased by 37% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, expansible polystyrene exports rose remarkably to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for expansible polystyrene exports from Japan, accounting for a 47% share of total exports. Moreover, expansible polystyrene exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+46.3% per year) and Vietnam (+68.4% per year).

In value terms, China ($X) remains the key foreign market for expansible polystyrene in primary forms exports from Japan, comprising 44% of total exports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+52.4% per year) and Malaysia (+29.3% per year).

Export Prices by Country

In 2021, the average expansible polystyrene export price amounted to $X per ton, jumping by 28% against the previous year. In general, the export price, however, recorded a perceptible reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($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 Russia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into Japan

In 2021, the amount of expansible polystyrene in primary forms imported into Japan declined to X tons, shrinking by -9.6% compared with the previous year. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 9.4% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, expansible polystyrene imports soared to $X in 2021. Over the period under review, imports saw a deep reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of expansible polystyrene to Japan, accounting for a 65% share of total imports. Moreover, expansible polystyrene imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.4% per year) and South Korea (-6.5% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of expansible polystyrene in primary forms to Japan, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.2% per year) and South Korea (-6.7% per year).

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, rising by 39% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, 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 Austria ($X per ton), while the price for Taiwan (Chinese) ($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 (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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