Japan: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Japan

The Japanese aromatic hydrocarbons derivatives market surged to $X in 2021, jumping by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports from Japan

In 2021, shipments abroad of halogenated derivatives of aromatic hydrocarbons was finally on the rise to reach X tons after two years of decline. The total export 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 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, aromatic hydrocarbons derivatives exports surged to $X in 2021. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), China (X tons) and the United States (X tons) were the main destinations of aromatic hydrocarbons derivatives exports from Japan, together accounting for 81% of total exports. These countries were followed by South Korea, the Netherlands, the Philippines, Switzerland and Germany, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +34.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and the United States ($X) appeared to be the largest markets for aromatic hydrocarbons derivatives exported from Japan worldwide, together accounting for 73% of total exports. These countries were followed by the Netherlands, South Korea, Germany, the Philippines and Switzerland, which together accounted for a further 12%.

The Philippines, with a CAGR of +32.6%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 aromatic hydrocarbons derivatives export price amounted to $X per ton, growing by 18% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Philippines ($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 Netherlands (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports into Japan

In 2021, the amount of halogenated derivatives of aromatic hydrocarbons imported into Japan surged to X tons, jumping by 38% on the previous year. The total import volume increased at an average annual rate of +4.4% 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, aromatic hydrocarbons derivatives imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a mild slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of aromatic hydrocarbons derivatives imports to Japan, together comprising 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +65.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of aromatic hydrocarbons to Japan, comprising 40% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by the United States, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+40.2% per year) and the United States (-1.0% per year).

Import Prices by Country

In 2021, the average aromatic hydrocarbons derivatives import price amounted to $X per ton, declining by -14.9% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 11%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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