Japan: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Japan

The Japanese acyclic hydrocarbons derivatives market soared to $X in 2021, jumping by 43% against the previous year. Overall, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Production in Japan

In value terms, acyclic hydrocarbons derivatives production surged to $X in 2021 estimated in export price. In general, production, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 26% against the previous year. Acyclic hydrocarbons derivatives production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Japan

After two years of decline, overseas shipments of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons increased by 28% to X tons in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 49%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives exports surged to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 35%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for acyclic hydrocarbons derivatives exports from Japan, with a 46% share of total exports. Moreover, acyclic hydrocarbons derivatives exports to the UK exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+4.0% per year) and the United States (+16.1% per year).

In value terms, South Korea ($X), China ($X) and the UK ($X) constituted the largest markets for acyclic hydrocarbons derivatives exported from Japan worldwide, together accounting for 68% of total exports. These countries were followed by the United States, Singapore, Taiwan (Chinese), India, Malaysia, the Netherlands, Thailand and Indonesia, which together accounted for a further 29%.

India, with a CAGR of +27.7%, recorded 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 2021, the average acyclic hydrocarbons derivatives export price amounted to $X per ton, which is down by -7.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2017 an increase of 27% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to the UK ($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 China (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Japan

In 2021, supplies from abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.9% 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, acyclic hydrocarbons derivatives imports skyrocketed to $X in 2021. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest acyclic hydrocarbons derivatives supplier to Japan, with a 77% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. The third position in this ranking was taken by the Netherlands (X tons), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.6% per year) and the Netherlands (+9.7% per year).

In value terms, China ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Japan, comprising 46% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Singapore, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.4% per year) and Singapore (+53.5% per year).

Import Prices by Country

In 2021, the average acyclic hydrocarbons derivatives import price amounted to $X per ton, picking up by 14% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acyclic hydrocarbons derivatives import price increased by +78.1% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 20%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+20.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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