Japan: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Japan

The Japanese market for prepared glues and other prepared adhesives rose markedly to $X in 2021, increasing by 5.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Japan

In value terms, production of prepared glues and other prepared adhesives amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 76% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth remained at a lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Japan

In 2021, shipments abroad of prepared glues and other prepared adhesives increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives surged to $X in 2021. Overall, exports, however, recorded a pronounced decline. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Japan, with a combined 52% share of total exports. Thailand, the Philippines, Vietnam, Indonesia, the United States, Russia, Hong Kong SAR, India and Australia lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +1.2%), while shipments for the other leaders experienced a decline.

In value terms, China ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from Japan, comprising 34% of total exports. The second position in the ranking was held by South Korea ($X), with a 13% share of total exports. It was followed by Taiwan (Chinese), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to China totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-8.5% per year) and Taiwan (Chinese) (-7.3% per year).

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, surging by 3.9% against the previous year. Overall, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 an increase of 7.5%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Russia ($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 Vietnam (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Japan

In 2021, imports of prepared glues and other prepared adhesives into Japan contracted sharply to X tons, which is down by -17.7% against the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 13% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of prepared glues and other prepared adhesives reduced slightly to $X in 2021. In general, imports continue to indicate a slight decline. The growth pace was the most rapid in 2014 when imports increased by 3.8%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest prepared glues and other prepared adhesives supplier to Japan, with a 52% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.1% per year) and Germany (-1.6% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the largest prepared glues and other prepared adhesives suppliers to Japan, with a combined 55% share of total imports. These countries were followed by Thailand, Vietnam, Taiwan (Chinese), South Korea and India, which together accounted for a further 38%.

In terms of the main suppliers, India, with a CAGR of +20.8%, 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 import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, jumping by 21% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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