Japan: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Japan

In 2021, after two years of growth, there was significant decline in the Japanese complex fluorine salts market, when its value decreased by -14.1% to $X. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.5% against 2018 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Complex Fluorine Salts Production in Japan

In value terms, complex fluorine salts production declined rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 50%. As a result, production attained the peak level of $X, and then contracted notably in the following year.

Complex Fluorine Salts Exports

Exports from Japan

After two years of decline, overseas shipments of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 11% to X tons in 2021. Overall, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 39%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, complex fluorine salts exports soared to $X in 2021. Over the period under review, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.2% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 41% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for complex fluorine salts exports from Japan, accounting for a 65% share of total exports. Moreover, complex fluorine salts exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.7% per year) and China (-2.8% per year).

In value terms, South Korea ($X), China ($X) and the United States ($X) were the largest markets for complex fluorine salts exported from Japan worldwide, together comprising 69% of total exports. The UK, Taiwan (Chinese), Thailand and the United Arab Emirates lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +211.6%, recorded 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 complex fluorine salts export price stood at $X per ton in 2021, picking up by 9.5% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, complex fluorine salts export price increased by +51.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 41%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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 China ($X per ton), while the average price for exports to the United Arab Emirates ($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 United States (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into Japan

In 2021, imports of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts into Japan surged to X tons, growing by 22% compared with the year before. The total import volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, complex fluorine salts imports expanded slightly to $X in 2021. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 23% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest complex fluorine salts supplier to Japan, accounting for a 52% share of total imports. Moreover, complex fluorine salts imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and China (+6.8% per year).

In value terms, the United States ($X), Thailand ($X) and China ($X) appeared to be the largest complex fluorine salts suppliers to Japan, with a combined 78% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, which is down by -14.7% against the previous year. Overall, the import price saw a noticeable slump. The pace of growth was the most pronounced in 2020 an increase of 25%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Taiwan (Chinese) ($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 (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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