Japan: Polyacetals Market 2024

Polyacetals Market Size in Japan

In 2021, the Japanese polyacetals market decreased by -10.7% to $X, falling for the second year in a row after four years of growth. Overall, consumption saw a slight reduction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Polyacetals Production in Japan

In value terms, polyacetals production amounted to $X in 2021 estimated in export price. Overall, production recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Polyacetals Exports

Exports from Japan

After two years of decline, shipments abroad of polyacetals in primary forms increased by 37% to X tons in 2021. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyacetals exports surged to $X in 2021. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for polyacetals exports from Japan, with a 42% share of total exports. Moreover, polyacetals exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. Thailand (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-0.0% per year) and Thailand (-3.1% per year).

In value terms, China ($X) remains the key foreign market for polyacetals in primary forms exports from Japan, comprising 40% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total exports. It was followed by Thailand, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-1.1% per year) and Thailand (-1.9% per year).

Export Prices by Country

In 2021, the average polyacetals export price amounted to $X per ton, with an increase of 5.4% against the previous year. In general, 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 5.7% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to France ($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 India (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polyacetals Imports

Imports into Japan

In 2021, polyacetals imports into Japan surged to X tons, picking up by 23% against 2020 figures. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 48%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, polyacetals imports soared to $X in 2021. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.7% against 2019 indices. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of polyacetals to Japan, accounting for a 40% share of total imports. Moreover, polyacetals imports from Malaysia exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.3% per year) and the Netherlands (+6.4% per year).

In value terms, Malaysia ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest polyacetals suppliers to Japan, together accounting for 63% of total imports.

Malaysia, with a CAGR of +26.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyacetals import price stood at $X per ton in 2021, surging by 4.8% against the previous year. In general, the import price, however, showed a perceptible decline. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($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 Netherlands (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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