Japan: Polyamide Market 2024

Polyamide Market Size in Japan

The Japanese polyamide market expanded sharply to $X in 2021, growing by 7.4% against the previous year. In general, consumption, however, continues to indicate a perceptible curtailment. Polyamide consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Polyamide Production in Japan

In value terms, polyamide production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2015 with an increase of 3.6%. Polyamide production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Polyamide Exports

Exports from Japan

In 2021, shipments abroad of polyamides (in primary forms) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyamide exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for polyamide exports from Japan, with a 38% share of total exports. Moreover, polyamide exports to China exceeded the volume sent to the second major destination, Thailand (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+3.5% per year) and Hong Kong SAR (-4.8% per year).

In value terms, China ($X) remains the key foreign market for polyamides (in primary forms) exports from Japan, comprising 36% of total exports. The second position in the ranking was held by Thailand ($X), with a 13% share of total exports. It was followed by Hong Kong SAR, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+2.0% per year) and Hong Kong SAR (-5.1% per year).

Export Prices by Country

The average polyamide export price stood at $X per ton in 2021, rising by 4.7% against the previous year. In general, the export price, however, showed a mild setback. The growth pace was the most rapid in 2018 when the average export price increased by 6.4% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Hong Kong SAR (-0.2%), while the prices for the other major destinations experienced a decline.

Polyamide Imports

Imports into Japan

In 2021, polyamide imports into Japan skyrocketed to X tons, jumping by 31% against 2020. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, polyamide imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyamide imports to Japan, together comprising 68% of total imports. These countries were followed by Thailand, Malaysia, South Korea, Germany, Switzerland, Singapore, the Netherlands and France, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) were the largest polyamide suppliers to Japan, with a combined 64% share of total imports.

China, with a CAGR of +14.5%, recorded the highest rates of growth with regard to the value of imports, among 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 polyamide import price stood at $X per ton in 2021, increasing by 23% against the previous year. Overall, the import price, however, recorded a mild decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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