Japan: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Japan

The Japanese prepared baking powder market expanded notably to $X in 2022, with an increase of 7.6% against the previous year. Overall, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.1% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Prepared Baking Powder Production in Japan

In value terms, prepared baking powder production stood at $X in 2022 estimated in export price. In general, production showed noticeable growth. The pace of growth appeared the most rapid in 2013 with an increase of 62% against the previous year. Prepared baking powder production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Prepared Baking Powder Exports

Exports from Japan

In 2022, approx. X tons of prepared baking powders were exported from Japan; remaining stable against the year before. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, prepared baking powder exports contracted to $X in 2022. Over the period under review, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by 115%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main destinations of prepared baking powder exports from Japan, together accounting for 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +64.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Vietnam ($X) and Thailand ($X) were the largest markets for prepared baking powder exported from Japan worldwide, with a combined 90% share of total exports.

Taiwan (Chinese), with a CAGR of +63.2%, recorded the highest growth rate of 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 prepared baking powder export price stood at $X per ton in 2022, shrinking by -5.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Korea ($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 (+12.3%), while the prices for the other major destinations experienced a decline.

Prepared Baking Powder Imports

Imports into Japan

Prepared baking powder imports into Japan reduced to X tons in 2022, remaining constant against 2021. In general, imports recorded a pronounced descent. The pace of growth was the most pronounced in 2015 with an increase of 19% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, prepared baking powder imports expanded notably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 16% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of prepared baking powder to Japan, with a 90% share of total imports. Moreover, prepared baking powder imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+11.9% per year) and the United States (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of prepared baking powders to Japan, comprising 90% of total imports. The second position in the ranking was held by the United States ($X), with a 5.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.2% per year) and Thailand (+14.6% per year).

Import Prices by Country

In 2022, the average prepared baking powder import price amounted to $X per ton, increasing by 9.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2016 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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