Japan: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Japan

The Japanese peroxides of sodium market dropped to $X in 2021, declining by -2.2% against the previous year. Overall, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2020, and then dropped modestly in the following year.

Peroxides Of Sodium Production in Japan

In value terms, peroxides of sodium production shrank modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 15%. Peroxides of sodium production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Peroxides Of Sodium Exports

Exports from Japan

In 2021, approx. X tons of peroxides of sodium or potassium were exported from Japan; with an increase of 26% on the year before. In general, exports, however, recorded a dramatic contraction. The growth pace was the most rapid in 2016 when exports increased by 85% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, peroxides of sodium exports surged to $X in 2021. Overall, exports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 98% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for peroxides of sodium exports from Japan, with a 77% share of total exports. Moreover, peroxides of sodium exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X kg), sevenfold. The third position in this ranking was taken by the Philippines (X kg), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-39.9% per year) and the Philippines (+13.8% per year).

In value terms, Indonesia ($X), the United States ($X) and Malaysia ($X) were the largest markets for peroxides of sodium exported from Japan worldwide, together accounting for 92% of total exports.

The United States, with a CAGR of +2.3%, recorded 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 a decline.

Export Prices by Country

The average peroxides of sodium export price stood at $X per ton in 2021, picking up by 18% against the previous year. In general, the export price, however, recorded a noticeable decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%), while the prices for the other major destinations experienced a decline.

Peroxides Of Sodium Imports

Imports into Japan

In 2021, the amount of peroxides of sodium or potassium imported into Japan rose remarkably to X tons, increasing by 11% compared with 2020 figures. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by 80% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, peroxides of sodium imports expanded notably to $X in 2021. Overall, imports saw tangible growth. The growth pace was the most rapid in 2018 with an increase of 116%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Russia (X tons), France (X tons) and Germany (X kg) were the main suppliers of peroxides of sodium imports to Japan, with a combined 99% 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 France (with a CAGR of +20.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of peroxides of sodium or potassium to Japan, comprising 69% of total imports. The second position in the ranking was taken by Russia ($X), with a 22% share of total imports. It was followed by Germany, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+28.9% per year) and Germany (-16.4% per year).

Import Prices by Country

In 2021, the average peroxides of sodium import price amounted to $X per ton, picking up by 2.9% against the previous year. In general, the import price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 an increase of 65% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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