Japan: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Japan

In 2021, after three years of growth, there was decline in the Japanese polyethylene glycol and polyether market, when its value decreased by -1.1% to $X. Overall, consumption, however, continues to indicate a slight setback. Polyethylene glycol and polyether consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Japan

In value terms, polyethylene glycol and polyether production stood at $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 35%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Japan

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were exported from Japan; increasing by 1.9% compared with 2020. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 11%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, polyethylene glycol and polyether exports soared to $X in 2021. The total export value increased at an average annual rate of +3.4% 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.

Exports by Country

China (X tons) was the main destination for polyethylene glycol and polyether exports from Japan, accounting for a 23% share of total exports. Moreover, polyethylene glycol and polyether exports to China exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-2.6% per year) and Taiwan (Chinese) (-1.7% per year).

In value terms, China ($X), the United States ($X) and Switzerland ($X) were the largest markets for polyethylene glycol and polyether exported from Japan worldwide, together comprising 45% of total exports.

Switzerland, with a CAGR of +39.3%, saw 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 more modest paces of growth.

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Thailand ($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 (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Japan

Polyethylene glycol and polyether imports into Japan reduced to X tons in 2021, waning by -9.5% compared with the year before. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when imports increased by 22% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Overall, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyethylene glycol and polyether imports to Japan, together comprising 45% of total imports. These countries were followed by Thailand, South Korea, Singapore, Saudi Arabia and Italy, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +206.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Japan were the United States ($X), Italy ($X) and Taiwan (Chinese) ($X), together comprising 49% of total imports. South Korea, China, Singapore, Thailand and Saudi Arabia lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Saudi Arabia, with a CAGR of +258.2%, 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 polyethylene glycol and polyether import price stood at $X per ton in 2021, rising by 44% against the previous year. Over the period under review, the import price continues to indicate a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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