Japan: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Japan

After four years of growth, the Japanese prepared rubber accelerators market decreased by -12.8% to $X in 2021. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then declined in the following year.

Prepared Rubber Accelerators Production in Japan

In value terms, prepared rubber accelerators production reduced to $X in 2021 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Prepared Rubber Accelerators Exports

Exports from Japan

In 2021, overseas shipments of prepared rubber accelerators increased by 34% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 41%. As a result, the exports reached the peak of X tons; afterwards, it flattened through to 2021.

In value terms, prepared rubber accelerators exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons), China (X tons) and Indonesia (X tons) were the main destinations of prepared rubber accelerators exports from Japan, together comprising 57% of total exports. These countries were followed by India, the United States, South Korea, Vietnam, Taiwan (Chinese), the Philippines and Hong Kong SAR, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared rubber accelerators exported from Japan were China ($X), Thailand ($X) and the United States ($X), with a combined 57% share of total exports. India, South Korea, Indonesia, Vietnam, Taiwan (Chinese), the Philippines and Hong Kong SAR lagged somewhat behind, together accounting for a further 34%.

Vietnam, with a CAGR of +9.1%, 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

In 2021, the average prepared rubber accelerators export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the peak figure 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 China (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into Japan

In 2021, the amount of prepared rubber accelerators imported into Japan expanded sharply to X tons, picking up by 9% compared with the previous year. Overall, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, prepared rubber accelerators imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a noticeable descent. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Thailand (X tons) were the main suppliers of prepared rubber accelerators imports to Japan, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +201.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of prepared rubber accelerators to Japan, comprising 49% of total imports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total imports. It was followed by the United States, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.9% per year) and the United States (+9.5% per year).

Import Prices by Country

In 2021, the average prepared rubber accelerators import price amounted to $X per ton, surging by 27% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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 (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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