Japan: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Japan

The Japanese cyclic hydrocarbons market rose slightly to $X in 2021, surging by 1.8% against the previous year. Overall, consumption, however, continues to indicate a mild expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Cyclic Hydrocarbons Production in Japan

In value terms, cyclic hydrocarbons production expanded sharply to $X in 2021 estimated in export price. In general, production enjoyed mild growth. The growth pace was the most rapid in 2013 with an increase of 43% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from Japan

In 2021, shipments abroad of other cyclic hydrocarbons increased by 52% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a perceptible downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports soared to $X in 2021. In general, exports, however, showed a perceptible setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons), China (X tons) and Mexico (X tons) were the main destinations of cyclic hydrocarbons exports from Japan, with a combined 75% 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 Mexico (with a CAGR of +79.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cyclic hydrocarbons exported from Japan were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 69% share of total exports. These countries were followed by Mexico, the Netherlands, Germany, Thailand, Malaysia and India, which together accounted for a further 17%.

In terms of the main countries of destination, Mexico, with a CAGR of +66.8%, 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 cyclic hydrocarbons export price stood at $X per ton in 2021, which is down by -19.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 53%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Mexico ($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 Saudi Arabia (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into Japan

Cyclic hydrocarbons imports into Japan reached X tons in 2021, almost unchanged from 2020 figures. Over the period under review, imports, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports shrank to $X in 2021. In general, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 10% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and South Korea (X tons) were the main suppliers of cyclic hydrocarbons imports to Japan, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +117.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cyclic hydrocarbons suppliers to Japan were China ($X), India ($X) and Belgium ($X), together accounting for 84% of total imports.

In terms of the main suppliers, India, with a CAGR of +100.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average cyclic hydrocarbons import price amounted to $X per ton, which is down by -2.5% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 13%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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