Japan: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Japan

The Japanese high-tenacity filament aramids yarn market rose slightly to $X in 2022, increasing by 2.2% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in Japan

In value terms, high-tenacity filament aramids yarn production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 60%. High-tenacity filament aramids yarn production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Japan

In 2022, the amount of high-tenacity filament yarn of aramids exported from Japan shrank sharply to X tons, declining by -28.5% on 2021. Overall, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 417% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn exports fell markedly to $X in 2022. In general, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 335% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), China (X tons) and Thailand (X tons) were the main destinations of high-tenacity filament aramids yarn exports from Japan, with a combined 81% share of total exports. Indonesia, Brazil, Hong Kong SAR and the Netherlands lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +91.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for high-tenacity filament aramids yarn exported from Japan were the United States ($X), China ($X) and Thailand ($X), with a combined 86% share of total exports. Brazil, Indonesia, the Netherlands and Hong Kong SAR lagged somewhat behind, together comprising a further 11%.

In terms of the main countries of destination, Brazil, with a CAGR of +89.0%, saw 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

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, with an increase of 7.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 14% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Indonesia ($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 China (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Japan

In 2022, imports of high-tenacity filament yarn of aramids into Japan surged to X tons, with an increase of 16% against the previous year's figure. Over the period under review, imports showed a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of 34%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn imports surged to $X in 2022. Overall, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of high-tenacity filament aramids yarn to Japan, accounting for a 72% share of total imports. Moreover, high-tenacity filament aramids yarn imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.3% per year) and Thailand (+44.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of high-tenacity filament yarn of aramids to Japan, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.4% per year) and Thailand (+38.9% per year).

Import Prices by Country

The average high-tenacity filament aramids yarn import price stood at $X per ton in 2022, rising by 2.3% against the previous year. In general, the import price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2018 an increase of 24% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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