Japan: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Japan

In 2021, the Japanese market for inorganic oxygen compounds of non-metals decreased by -5.7% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Japan

In value terms, inorganic oxygen compounds of non-metals production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 50% against the previous year. Inorganic oxygen compounds of non-metals production peaked at $X in 2020, and then shrank in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Japan

In 2021, approx. X tons of inorganic oxygen compounds of non-metals were exported from Japan; waning by -3.4% against 2020. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 19% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports rose rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Taiwan (Chinese) (X tons), China (X tons) and Singapore (X tons) were the main destinations of inorganic oxygen compounds of non-metals exports from Japan, together accounting for 88% 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 Taiwan (Chinese) (with a CAGR of +8.1%), while the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Japan, comprising 48% of total exports. The second position in the ranking was held by South Korea ($X), with a 22% share of total exports. It was followed by China, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-5.7% per year) and China (+1.4% per year).

Export Prices by Country

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, growing by 18% against the previous year. In general, the export price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 23%. 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 failed to regain momentum.

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 South Korea ($X per ton), while the average price for exports to Singapore ($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 (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Japan

In 2021, inorganic oxygen compounds of non-metals imports into Japan shrank to X tons, reducing by -15% against the previous year's figure. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 63%. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, inorganic oxygen compounds of non-metals imports rose sharply to $X in 2021. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 88% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of inorganic oxygen compounds of non-metals to Japan, with a 59% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +46.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.8% per year) and the United States (+9.4% per year).

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Japan were South Korea ($X), Germany ($X) and China ($X), with a combined 81% share of total imports. Canada and the United States lagged somewhat behind, together comprising a further 19%.

Canada, with a CAGR of +29.2%, recorded the highest rates of growth with regard to 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 import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, picking up by 30% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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