Japan: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Japan

In 2021, after three years of decline, there was significant growth in the Japanese market for lauric acid and other acids, their salts and esters, when its value increased by 16% to $X. Overall, consumption, however, showed a pronounced decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Japan

In value terms, production of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable reduction. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Japan

In 2021, exports of lauric acid and other acids, their salts and esters from Japan skyrocketed to X tons, with an increase of 29% on the year before. Overall, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.0% 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 2013 when exports increased by 31% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Japan, with a 61% share of total exports. Moreover, exports of lauric acid and other acids, their salts and esters to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+10.3% per year) and the United States (+0.2% per year).

In value terms, China ($X) remains the key foreign market for lauric acid and other acids, their salts and esters exports from Japan, comprising 47% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total exports. It was followed by South Korea, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+9.6% per year) and South Korea (-1.5% per year).

Export Prices by Country

The average export price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, with an increase of 21% against the previous year. In general, the export price, however, recorded a mild decline. 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.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($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 Thailand (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Japan

In 2021, approx. X tons of lauric acid and other acids, their salts and esters were imported into Japan; picking up by 7.5% on 2020. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 increased by +66.2% against 2013 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 11%. Over the period under review, imports of attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters surged to $X in 2021. The total import value increased at an average annual rate of +2.7% 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.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Japan, together accounting for 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lauric acid and other acids, their salts and esters suppliers to Japan were Malaysia ($X), Indonesia ($X) and China ($X), with a combined 70% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of +18.9%, saw the highest growth rate of the value of imports, 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 lauric acid and other acids, their salts and esters stood at $X per ton in 2021, increasing by 18% against the previous year. In general, the import price, however, saw a pronounced descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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