Japan: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Japan

In 2022, the Japanese polyphenols and phenol-alcohols market increased by 405% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyphenols And Phenol-Alcohols Production in Japan

In value terms, polyphenols and phenol-alcohols production stood at $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 39% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Polyphenols And Phenol-Alcohols Exports

Exports from Japan

In 2022, the amount of polyphenols and phenol-alcohols exported from Japan contracted to X tons, waning by -9.7% on 2021 figures. Over the period under review, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols exports contracted to $X in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +81.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

China (X tons), the United States (X tons) and India (X tons) were the main destinations of polyphenols and phenol-alcohols exports from Japan, together accounting for 55% of total exports. Belgium, South Korea, the UK and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +7.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyphenols and phenol-alcohols exported from Japan were China ($X), the United States ($X) and India ($X), with a combined 56% share of total exports.

Among the main countries of destination, India, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, surging by 2.9% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols export price increased by +62.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the UK ($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 China (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports into Japan

In 2022, imports of polyphenols and phenol-alcohols into Japan fell to X tons, with a decrease of -13.8% compared with the year before. In general, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.4% against 2014 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, polyphenols and phenol-alcohols imports dropped to $X in 2022. Overall, imports, however, continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2018 with an increase of 28% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

China (X tons), South Korea (X tons) and India (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to Japan, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +6.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Japan, comprising 49% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.8% per year) and India (+7.8% per year).

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, picking up by 4.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2018 an increase of 17%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :