Japan: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Japan

The Japanese odoriferous substance mixture market reduced slightly to $X in 2022, approximately mirroring the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by 5.5% against the previous year. Odoriferous substance mixture consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Production in Japan

In value terms, odoriferous substance mixture production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in 2016 with an increase of 6.2% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from Japan

For the third year in a row, Japan recorded growth in shipments abroad of mixtures of odoriferous substances and their preparations, which increased by 0.2% to X tons in 2022. In general, exports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2016 when exports increased by 8%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports dropped to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 9.8%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Thailand (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main destinations of odoriferous substance mixture exports from Japan, together comprising 48% of total exports. China, Indonesia, Russia, the Philippines, Turkey, Poland, Vietnam, the United States, India and Germany lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +48.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Thailand ($X) and China ($X) were the largest markets for odoriferous substance mixture exported from Japan worldwide, with a combined 47% share of total exports. Taiwan (Chinese), Indonesia, Russia, India, the Philippines, Poland, Vietnam, the United States, Turkey and Germany lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, India, with a CAGR of +58.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, waning by -7.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 9.4%. The export price peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Turkey ($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 Poland (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Japan

In 2022, odoriferous substance mixture imports into Japan shrank modestly to X tons, with a decrease of -3.1% compared with 2021 figures. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, odoriferous substance mixture imports shrank to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Singapore (X tons), the United States (X tons) and China (X tons) were the main suppliers of odoriferous substance mixture imports to Japan, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Japan were Singapore ($X), Ireland ($X) and the United States ($X), together comprising 75% of total imports.

Among the main suppliers, Singapore, with a CAGR of +14.2%, saw the highest rates of growth with regard to 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

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, waning by -9.2% against the previous year. Over the period under review, the import price recorded a deep slump. The pace of growth was the most pronounced in 2016 an increase of 4% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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