Japan: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Japan

In 2021, the Japanese industrial monocarboxylic fatty acids market was finally on the rise to reach $X after three years of decline. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Japan

In 2021, the amount of industrial monocarboxylic fatty acids exported from Japan declined to X tons, with a decrease of -10.8% on the previous year. Overall, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 82% against the previous year. The exports peaked at X tons in 2020, and then fell in the following year.

In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $X in 2021. Over the period under review, total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.7% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 45% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Japan, together comprising 70% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +40.9%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Taiwan (Chinese) ($X) constituted the largest markets for industrial monocarboxylic fatty acids exported from Japan worldwide, together accounting for 60% of total exports.

Malaysia, with a CAGR of +32.0%, saw 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 industrial monocarboxylic fatty acids export price amounted to $X per ton, with an increase of 37% against the previous year. Overall, the export price, however, showed a abrupt contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 China (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Japan

After three years of decline, purchases abroad of industrial monocarboxylic fatty acids increased by 10% to X tons in 2021. In general, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.4% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of industrial monocarboxylic fatty acids to Japan, accounting for a 50% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. India (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+10.4% per year) and India (+2.3% per year).

In value terms, the largest industrial monocarboxylic fatty acids suppliers to Japan were Malaysia ($X), India ($X) and Indonesia ($X), with a combined 76% share of total imports.

Indonesia, with a CAGR of +11.8%, 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

In 2021, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, rising by 34% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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