Japan: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Japan

The Japanese industrial fatty alcohols market was estimated at $X in 2021, increasing by 7.3% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.2% against 2017 indices. Industrial fatty alcohols consumption peaked in 2021 and is expected to retain growth in the immediate term.

Industrial Fatty Alcohols Production in Japan

In value terms, industrial fatty alcohols production reached $X in 2021 estimated in export price. In general, production saw temperate growth. The pace of growth was the most pronounced in 2015 with an increase of 90%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Industrial Fatty Alcohols Exports

Exports from Japan

Industrial fatty alcohols exports from Japan expanded remarkably to X tons in 2021, increasing by 8.8% on the year before. Over the period under review, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 20%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, industrial fatty alcohols exports surged to $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.3% against 2019 indices. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), South Korea (X tons) and China (X tons) were the main destinations of industrial fatty alcohols exports from Japan, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +9.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the United States ($X) and China ($X) appeared to be the largest markets for industrial fatty alcohols exported from Japan worldwide, together accounting for 92% of total exports.

The United States, with a CAGR of +7.9%, 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 mixed trend patterns.

Export Prices by Country

The average industrial fatty alcohols export price stood at $X per ton in 2021, with an increase of 12% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($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) (+1.7%), while the prices for the other major destinations experienced a decline.

Industrial Fatty Alcohols Imports

Imports into Japan

In 2021, after two years of decline, there was significant growth in purchases abroad of industrial fatty alcohols, when their volume increased by 18% to X tons. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Malaysia (X tons) and South Africa (X tons) were the main suppliers of industrial fatty alcohols imports to Japan, together accounting for 74% of total imports. These countries were followed by Indonesia, Germany, Italy and India, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +13.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Malaysia ($X) and Indonesia ($X) appeared to be the largest industrial fatty alcohols suppliers to Japan, with a combined 71% share of total imports.

Indonesia, with a CAGR of +13.4%, saw the highest growth rate of 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 industrial fatty alcohols import price stood at $X per ton in 2021, jumping by 24% against the previous year. In general, the import price, however, recorded a slight decrease. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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