Japan: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Japan

The Japanese plastic reservoir market fell modestly to $X in 2022, reducing by -1.6% against the previous year. Over the period under review, consumption recorded a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Plastic Reservoir Production in Japan

In value terms, plastic reservoir production declined modestly to $X in 2022 estimated in export price. In general, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 72%. Plastic reservoir production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plastic Reservoir Exports

Exports from Japan

In 2022, shipments abroad of plastic reservoirs, tanks and vats increased by 14% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.8% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 56%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic reservoir exports rose remarkably to $X in 2022. Over the period under review, exports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 164%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Kuwait (X tons) and Hong Kong SAR (X tons) were the main destinations of plastic reservoir exports from Japan, together accounting for 67% of total exports. The United States, the United Arab Emirates, Djibouti, Singapore, Vietnam, Oman and Myanmar lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +44.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X) constituted the largest markets for plastic reservoir exported from Japan worldwide, together comprising 63% of total exports.

The United States, with a CAGR of +25.2%, saw the highest rates of growth with regard to 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 plastic reservoir export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2016 when the average export price increased by 126% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Kuwait ($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 Myanmar (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into Japan

For the third consecutive year, Japan recorded decline in supplies from abroad of plastic reservoirs, tanks and vats, which decreased by -28.6% to X tons in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 147% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic reservoir imports declined dramatically to $X in 2022. Overall, imports showed a noticeable decline. The growth pace was the most rapid in 2014 when imports increased by 688%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Vietnam (X tons) were the main suppliers of plastic reservoir imports to Japan, together comprising 64% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +55.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Vietnam ($X) constituted the largest plastic reservoir suppliers to Japan, with a combined 46% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +55.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic reservoir import price stood at $X per ton in 2022, shrinking by -25.3% against the previous year. In general, the import price, however, recorded a temperate expansion. The growth pace was the most rapid in 2014 an increase of 219%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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