Japan: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Japan

The Japanese magnesium hydroxide and peroxide market dropped dramatically to $X in 2022, which is down by -15.4% against the previous year. In general, consumption continues to indicate a perceptible reduction. Magnesium hydroxide and peroxide consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Japan

In value terms, magnesium hydroxide and peroxide production dropped dramatically to $X in 2022 estimated in export price. In general, production, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2016 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Japan

In 2022, overseas shipments of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were finally on the rise to reach X tons after four years of decline. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports expanded rapidly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 16%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for magnesium hydroxide and peroxide exports from Japan, with a 53% share of total exports. Moreover, magnesium hydroxide and peroxide exports to South Korea exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was taken by Vietnam (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.5% per year) and Vietnam (+12.4% per year).

In value terms, South Korea ($X) remains the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Japan, comprising 49% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by Vietnam, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to South Korea stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.6% per year) and Vietnam (+9.2% per year).

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, reducing by -5.6% against the previous year. In general, the export price saw a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of 9.5%. The export price peaked at $X per ton in 2012; however, from 2013 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 Thailand ($X per ton), while the average price for exports to Vietnam ($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 Taiwan (Chinese) (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Japan

After three years of growth, purchases abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -21.8% to X tons in 2022. Overall, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2019 with an increase of 24%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X tons) was the main magnesium hydroxide and peroxide supplier to Japan, accounting for a 97% share of total imports. It was followed by Austria (X tons), with a 2.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -3.7%.

In value terms, China ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Japan, comprising 95% of total imports. The second position in the ranking was held by Austria ($X), with a 5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.6%.

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, increasing by 16% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, magnesium hydroxide and peroxide import price increased by +60.6% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 69% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%).

Source: IndexBox Platform

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