Japan: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Japan

In 2022, after two years of decline, there was growth in the Japanese halogenated hydrocarbon derivative market, when its value increased by 0.5% to $X. Over the period under review, consumption, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 when the market value increased by 0.9% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Halogenated Hydrocarbon Derivative Production in Japan

In value terms, halogenated hydrocarbon derivative production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 0.9% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Japan

After two years of growth, overseas shipments of halogenated derivatives of hydrocarbons decreased by -2.6% to X tons in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 34% against the previous year. The exports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, halogenated hydrocarbon derivative exports contracted remarkably to $X in 2022. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

China (X tons) was the main destination for halogenated hydrocarbon derivative exports from Japan, with a 49% share of total exports. Moreover, halogenated hydrocarbon derivative exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+10.8% per year) and Taiwan (Chinese) (+3.5% per year).

In value terms, China ($X) remains the key foreign market for halogenated derivatives of hydrocarbons exports from Japan, comprising 39% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports. It was followed by the Philippines, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+7.6% per year) and the Philippines (+12.3% per year).

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, falling by -12.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 53% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Japan

Halogenated hydrocarbon derivative imports into Japan declined to X tons in 2022, with a decrease of -9.1% on 2021. Over the period under review, imports showed a slight descent. The pace of growth was the most pronounced in 2013 when imports increased by 38%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative imports expanded notably to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Japan, together accounting for 77% of total imports. The United States, India, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Japan, comprising 53% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by the United States, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+13.7% per year) and the United States (-1.9% per year).

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, jumping by 23% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when the average import price increased by 40%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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