Japan: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Japan

The Japanese tall oil fatty acids market rose notably to $X in 2021, growing by 12% against the previous year. Overall, consumption, however, recorded a mild descent. Tall oil fatty acids consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Industrial Tall Oil Fatty Acids in Japan

In value terms, tall oil fatty acids production dropped to $X in 2021 estimated in export price. In general, production, however, saw a perceptible setback. The growth pace was the most rapid in 2020 when the production volume increased by 16%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports from Japan

In 2021, approx. X tons of industrial tall oil fatty acids were exported from Japan; picking up by 35% on the year before. Over the period under review, exports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2014 with an increase of 60%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, tall oil fatty acids exports surged to $X in 2021. Overall, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% 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 -24.8% against 2019 indices. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) were the main destinations of tall oil fatty acids exports from Japan, together accounting for 74% 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 Singapore (with a CAGR of +37.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tall oil fatty acids exported from Japan were Malaysia ($X), Singapore ($X) and Taiwan (Chinese) ($X), together comprising 67% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +33.9%, saw the highest rates of growth with regard to 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 tall oil fatty acids export price stood at $X per ton in 2021, rising by 5.1% against the previous year. In general, the export price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 15%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($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 Taiwan (Chinese) (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Tall Oil Fatty Acids

Imports into Japan

In 2021, the amount of industrial tall oil fatty acids imported into Japan surged to X tons, with an increase of 45% on the previous year's figure. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.6% against 2019 indices. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, tall oil fatty acids imports skyrocketed to $X in 2021. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.4% against 2019 indices. Imports peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Finland (X tons) was the main tall oil fatty acids supplier to Japan, with a 91% share of total imports. Moreover, tall oil fatty acids imports from Finland exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Finland stood at +195.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.1% per year) and Sweden (-42.9% per year).

In value terms, Finland ($X) constituted the largest supplier of industrial tall oil fatty acids to Japan, comprising 91% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Finland stood at +146.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.9% per year) and Sweden (-40.5% per year).

Import Prices by Country

The average tall oil fatty acids import price stood at $X per ton in 2021, rising by 6.9% against the previous year. Overall, the import price, however, recorded a pronounced descent. The growth pace was the most rapid in 2018 an increase of 8.6% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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