Japan: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Japan

In 2022, the Japanese aromatic hydrocarbon mixtures market was finally on the rise to reach $X after four years of decline. In general, consumption, however, continues to indicate a perceptible setback. Aromatic hydrocarbon mixtures consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Production in Japan

In value terms, aromatic hydrocarbon mixtures production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Japan

In 2022, the amount of naphthalene and other aromatic hydrocarbon mixtures exported from Japan shrank to X tons, waning by -7.4% on the previous year. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 72%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports soared to $X in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 89%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

South Korea (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Japan, accounting for a 74% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+32.4% per year) and Taiwan (Chinese) (+6.4% per year).

In value terms, South Korea ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Japan, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with an 18% share of total exports. It was followed by Taiwan (Chinese), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+32.6% per year) and Taiwan (Chinese) (+5.6% per year).

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, surging by 44% against the previous year. In general, the export price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 59%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($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 the United States (+0.1%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbon Mixtures Imports

Imports into Japan

In 2022, approx. X tons of naphthalene and other aromatic hydrocarbon mixtures were imported into Japan; which is down by -74.5% on 2021 figures. Overall, imports showed a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of 627%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures imports declined rapidly to $X in 2022. Over the period under review, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 341%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Japan, together accounting for 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +15.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Japan, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by South Korea, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.2% per year) and South Korea (-17.6% per year).

Import Prices by Country

In 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, with an increase of 129% against the previous year. Over the period under review, the import price showed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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