Japan: Market for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes 2024

Market Size for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Japan

In 2021, after two years of decline, there was significant growth in the Japanese mixed alkylbenzenes, mixed alkylnaphthalenes market, when its value increased by 25% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Japan

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable curtailment. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Exports from Japan

In 2021, overseas shipments of mixed alkylbenzenes, mixed alkylnaphthalenes decreased by -91% to X tons, falling for the fifth year in a row after three years of growth. In general, exports saw a dramatic downturn. The growth pace was the most rapid in 2015 with an increase of 68% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes exports dropped markedly to $X in 2021. Over the period under review, exports faced a dramatic decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 16%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), South Korea (X tons) and China (X tons) were the main destinations of mixed alkylbenzenes, mixed alkylnaphthalenes exports from Japan, with a combined 96% share 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 Malaysia (with a CAGR of +80.3%), while the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X) emerged as the key foreign market for mixed alkylbenzenes, mixed alkylnaphthalenes exports from Japan, comprising 66% of total exports. The second position in the ranking was held by South Korea ($X), with a 16% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +65.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-31.4% per year) and China (+5.4% per year).

Export Prices by Country

The average mixed alkylbenzenes, mixed alkylnaphthalenes export price stood at $X per ton in 2021, growing by 214% against the previous year. Overall, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($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 Thailand (-7.1%), while the prices for the other major destinations experienced a decline.

Imports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Imports into Japan

In 2021, mixed alkylbenzenes, mixed alkylnaphthalenes imports into Japan skyrocketed to X tons, with an increase of 40% on the previous year's figure. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2019 with an increase of 361% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes imports soared to $X in 2021. Over the period under review, imports recorded a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 201% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of mixed alkylbenzenes, mixed alkylnaphthalenes to Japan, with a 87% share of total imports. Moreover, mixed alkylbenzenes, mixed alkylnaphthalenes imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +45.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.1% per year) and China (+21.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of mixed alkylbenzenes, mixed alkylnaphthalenes to Japan, comprising 83% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea amounted to +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.9% per year) and China (+16.6% per year).

Import Prices by Country

In 2021, the average mixed alkylbenzenes, mixed alkylnaphthalenes import price amounted to $X per ton, increasing by 29% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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