Japan: Fluoropolymers Market 2024

Fluoropolymers Market Size in Japan

The Japanese fluoropolymers market reduced markedly to $X in 2021, which is down by -31.5% against the previous year. Over the period under review, consumption recorded a slight shrinkage. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Fluoropolymers Production in Japan

In value terms, fluoropolymers production declined to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Fluoropolymers Exports

Exports from Japan

Fluoropolymers exports from Japan skyrocketed to X tons in 2021, with an increase of 30% compared with 2020 figures. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fluoropolymers exports surged to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of fluoropolymers exports from Japan, together accounting for 64% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +7.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and South Korea ($X) constituted the largest markets for fluoropolymers exported from Japan worldwide, with a combined 64% share of total exports.

Among the main countries of destination, China, with a CAGR of +7.5%, recorded the highest growth rate of 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

In 2021, the average fluoropolymers export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 5% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into Japan

After two years of decline, purchases abroad of fluoropolymers increased by 20% to X tons in 2021. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% 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 decreased by -19.5% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fluoropolymers imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of fluoropolymers imports to Japan, together comprising 79% of total imports. These countries were followed by France, India, Italy and the UK, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +37.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Italy ($X) appeared to be the largest fluoropolymers suppliers to Japan, with a combined 81% share of total imports. Germany, France, India and the UK lagged somewhat behind, together comprising a further 18%.

India, with a CAGR of +32.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fluoropolymers import price stood at $X per ton in 2021, rising by 16% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 26%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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