Japan: Lysine Market 2024

Lysine Market Size in Japan

The Japanese lysine market expanded to $X in 2022, increasing by 2.1% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Lysine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Lysine Production in Japan

In value terms, lysine production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Lysine Exports

Exports from Japan

In 2022, shipments abroad of lysine and its esters, and salts thereof increased by 11% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 136% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, lysine exports expanded markedly to $X in 2022. Overall, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 145% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for lysine exports from Japan, with a 53% share of total exports. Moreover, lysine exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. Italy (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.2% per year) and Italy (-0.2% per year).

In value terms, Germany ($X) remains the key foreign market for lysine and its esters, and salts thereof exports from Japan, comprising 51% of total exports. The second position in the ranking was held by Italy ($X), with a 10% share of total exports. It was followed by Canada, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.0% per year) and Canada (+15.3% per year).

Export Prices by Country

In 2022, the average lysine export price amounted to $X per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2020 an increase of 14% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Lysine Imports

Imports into Japan

In 2022, the amount of lysine and its esters, and salts thereof imported into Japan fell to X tons, dropping by -9% against the previous year's figure. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.5% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 33%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, lysine imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest lysine supplier to Japan, accounting for a 75% share of total imports. Moreover, lysine imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.1% per year) and South Korea (-1.3% per year).

In value terms, China ($X) constituted the largest supplier of lysine and its esters, and salts thereof to Japan, comprising 72% of total imports. The second position in the ranking was held by Indonesia ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-7.5% per year) and South Korea (-3.5% per year).

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, growing by 16% against the previous year. In general, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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