Japan: Packaging Materials Market 2024

Packaging Materials Market Size in Japan

The Japanese packaging materials market contracted modestly to $X in 2022, which is down by -3.7% against the previous year. Over the period under review, consumption continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when the market value increased by 6.9% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Packaging Materials Production in Japan

In value terms, packaging materials production fell to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 10% 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.

Packaging Materials Exports

Exports from Japan

After two years of growth, shipments abroad of packaging materials decreased by -1.7% to X tons in 2022. In general, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 38%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, packaging materials exports declined to $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

China (X tons) was the main destination for packaging materials exports from Japan, with a 38% share of total exports. Moreover, packaging materials exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+21.4% per year) and South Korea (+11.2% per year).

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for packaging materials exported from Japan worldwide, with a combined 54% share of total exports. Vietnam, Malaysia, Thailand, the United States, the Philippines, Indonesia and the Netherlands lagged somewhat behind, together comprising a further 38%.

The Philippines, with a CAGR of +21.2%, recorded the highest growth rate of the value of exports, among 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

The average packaging materials export price stood at $X per ton in 2022, which is down by -5.4% against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2021 when the average export price increased by 10%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($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 (+4.3%), while the prices for the other major destinations experienced a decline.

Packaging Materials Imports

Imports into Japan

In 2022, after nine years of decline, there was growth in overseas purchases of packaging materials, when their volume increased by 2.7% to X tons. In general, imports, however, recorded a pronounced curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, packaging materials imports totaled $X in 2022. Over the period under review, imports, however, recorded a perceptible decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of packaging materials to Japan, with a 58% share of total imports. Moreover, packaging materials imports from the United States exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+8.2% per year) and South Korea (-8.7% per year).

In value terms, the United States ($X) constituted the largest supplier of packaging materials to Japan, comprising 54% of total imports. The second position in the ranking was taken by Finland ($X), with an 18% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+6.5% per year) and China (+1.1% per year).

Import Prices by Country

In 2022, the average packaging materials import price amounted to $X per ton, picking up by 1.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 6%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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