Japan: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Japan

In 2021, the Japanese market for liquid or compressed air and distilled or conductivity water increased by 4.5% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 9.6% against the previous year. Liquid air and distilled water consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Japan

In value terms, liquid air and distilled water production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 9.5%. Liquid air and distilled water production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Japan

After three years of growth, shipments abroad of liquid or compressed air and distilled or conductivity water decreased by -6.2% to X tons in 2021. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 132% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, liquid air and distilled water exports contracted to $X in 2021. In general, exports, however, saw strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 91% against the previous year. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

South Korea (X tons) was the main destination for liquid air and distilled water exports from Japan, with a 45% share of total exports. Moreover, liquid air and distilled water exports to South Korea exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.9% per year) and Taiwan (Chinese) (+13.4% per year).

In value terms, the largest markets for liquid air and distilled water exported from Japan were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 76% share of total exports. These countries were followed by Singapore, Hungary and Malaysia, which together accounted for a further 17%.

Hungary, with a CAGR of +121.6%, recorded the highest growth rate of 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

The average export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, reducing by -4.2% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2016 an increase of 25%. 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Malaysia ($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 Singapore (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Japan

For the third year in a row, Japan recorded growth in purchases abroad of liquid or compressed air and distilled or conductivity water, which increased by 19% to X tons in 2021. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 238% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, liquid air and distilled water imports expanded rapidly to $X in 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 307% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest liquid air and distilled water supplier to Japan, accounting for a 37% share of total imports. Moreover, liquid air and distilled water imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+339.8% per year) and Russia (+144.0% per year).

In value terms, China ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Japan, comprising 52% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total imports. It was followed by Canada, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+75.5% per year) and Canada (+195.4% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, reducing by -5.1% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2014 when the average import price increased by 84%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Malaysia ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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