Japan: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Japan

In 2022, the Japanese market for organo-sulphur compounds and other organo-inorganic compounds was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Japan

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds rose to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 41%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Japan

Exports of organo-sulphur compounds and other organo-inorganic compounds from Japan fell sharply to X tons in 2022, with a decrease of -60.9% compared with 2021 figures. Overall, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of 47% against the previous year. The exports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds contracted remarkably to $X in 2022. Over the period under review, exports showed a mild descent. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

China (X tons), Belgium (X tons) and the United States (X tons) were the main destinations of exports of organo-sulphur compounds and other organo-inorganic compounds from Japan, with a combined 38% share of total exports. Thailand, South Korea, Brazil, India, Indonesia, Vietnam, the Netherlands, Mexico, Australia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +19.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and the United States ($X) were the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from Japan worldwide, together accounting for 40% of total exports. Taiwan (Chinese), Belgium, Thailand, Vietnam, the Netherlands, India, Brazil, Indonesia, Mexico and Australia lagged somewhat behind, together comprising a further 38%.

Taiwan (Chinese), with a CAGR of +6.4%, saw the highest rates of growth with regard to 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

In 2022, the average export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, rising by 79% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for organo-sulphur compounds and other organo-inorganic compounds increased by +101.6% against 2020 indices. 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 Taiwan (Chinese) ($X per ton), while the average price for exports to Australia ($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 Taiwan (Chinese) (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Japan

In 2022, supplies from abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 4.1% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds surged to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Japan, accounting for a 49% share of total imports. Moreover, imports of organo-sulphur compounds and other organo-inorganic compounds from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.0% per year) and India (+12.1% per year).

In value terms, China ($X) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Japan, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by South Korea, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.2% per year) and South Korea (+6.1% per year).

Import Prices by Country

In 2022, the average import price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 14%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Singapore ($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 (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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