Japan: Inulin Market 2024

Inulin Market Size in Japan

The Japanese inulin market contracted to $X in 2021, with a decrease of -12.5% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Inulin consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Inulin Production in Japan

In value terms, inulin production contracted notably to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 45%. Inulin production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Inulin Exports

Exports from Japan

In 2021, exports of inulin from Japan skyrocketed to X tons, picking up by 835% on the year before. In general, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 52,288% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, inulin exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 31,775%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for inulin exports from Japan, with a 82% share of total exports. Moreover, inulin exports to Australia exceeded the volume sent to the second major destination, Thailand (X tons), sixfold. South Korea (X kg) ranked third in terms of total exports with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+75.7% per year) and South Korea (-42.5% per year).

In value terms, Australia ($X) emerged as the key foreign market for inulin exports from Japan, comprising 74% of total exports. The second position in the ranking was held by Thailand ($X), with an 11% share of total exports. It was followed by South Korea, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled -20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+47.9% per year) and South Korea (-47.9% per year).

Export Prices by Country

The average inulin export price stood at $X per ton in 2021, with a decrease of -48.2% against the previous year. Over the period under review, the export price saw a abrupt descent. The growth pace was the most rapid in 2020 when the average export price increased by 86% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Thailand ($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 Bangladesh (+32.5%), while the prices for the other major destinations experienced mixed trend patterns.

Inulin Imports

Imports into Japan

In 2021, overseas purchases of inulin decreased by -0.2% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 168% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then shrank slightly in the following year.

In value terms, inulin imports rose markedly to $X in 2021. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 123%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest inulin supplier to Japan, accounting for a 75% share of total imports. Moreover, inulin imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+136.4% per year) and Mexico (+9.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of inulin to Japan, comprising 73% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+120.7% per year) and Mexico (+13.8% per year).

Import Prices by Country

The average inulin import price stood at $X per ton in 2021, rising by 8.5% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 8.9%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Mexico ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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