Japan: Polycarbonate Market 2024

Polycarbonate Market Size in Japan

The Japanese polycarbonate market shrank to $X in 2022, waning by -3.1% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Polycarbonate Production in Japan

In value terms, polycarbonate production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Polycarbonate Exports

Exports from Japan

Polycarbonate exports from Japan shrank to X tons in 2022, declining by -9.9% compared with the year before. Overall, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2016 when exports increased by 16% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, polycarbonate exports reduced sharply to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 12% against the previous year. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

China (X tons) was the main destination for polycarbonate exports from Japan, with a 50% share of total exports. Moreover, polycarbonate exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), sixfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+19.4% per year) and Taiwan (Chinese) (-7.6% per year).

In value terms, China ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Japan, comprising 50% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total exports. It was followed by Vietnam, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-3.2% per year) and Vietnam (+17.4% per year).

Export Prices by Country

The average polycarbonate export price stood at $X per ton in 2022, falling by -12.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Indonesia ($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 Taiwan (Chinese) (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarbonate Imports

Imports into Japan

Polycarbonate imports into Japan reduced to X tons in 2022, waning by -8.1% against 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 28%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, polycarbonate imports fell to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 32%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Thailand (X tons) and China (X tons) were the main suppliers of polycarbonate imports to Japan, with a combined 69% share of total imports. These countries were followed by Taiwan (Chinese), the United States, Spain and Singapore, which together accounted for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Thailand ($X) and China ($X) constituted the largest polycarbonate suppliers to Japan, together comprising 69% of total imports. These countries were followed by Taiwan (Chinese), the United States, Spain and Singapore, which together accounted for a further 28%.

Taiwan (Chinese), with a CAGR of +20.8%, recorded the highest growth rate of 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 polycarbonate import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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