Japan: Other Chemical Products Market 2024

Other Chemical Products Market Size in Japan

The Japanese other chemical products market totaled less than $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed a pronounced setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Other Chemical Products Production in Japan

In value terms, other chemical products production amounted to less than $X in 2022 estimated in export price. In general, production, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of 78%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Other Chemical Products Exports

Exports from Japan

In 2016, other chemical products exports from Japan fell to X tons, shrinking by -1.6% on the previous year's figure. Overall, exports showed a slight reduction. The growth pace was the most rapid in 2014 when exports increased by 20% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2016, the growth of the exports remained at a lower figure.

In value terms, other chemical products exports expanded slightly to $X in 2016. Over the period under review, exports recorded a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of other chemical products exports from Japan, together comprising 52% of total exports. Taiwan (Chinese), Thailand, Indonesia, Hong Kong SAR, the Netherlands, Malaysia, Brazil, Vietnam, India and Germany lagged somewhat behind, together comprising a further 39%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +27.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Japan were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 58% of total exports. The United States, Hong Kong SAR, Thailand, the Netherlands, Malaysia, Indonesia, Vietnam, Germany, India and Brazil lagged somewhat behind, together comprising a further 33%.

The Netherlands, with a CAGR of +30.5%, 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 other chemical products export price stood at $X per ton in 2016, surging by 5.1% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.1%), while the prices for the other major destinations experienced a decline.

Other Chemical Products Imports

Imports into Japan

In 2016, overseas purchases of other chemical products were finally on the rise to reach X tons for the first time since 2012, thus ending a three-year declining trend. In general, imports, however, continue to indicate a deep downturn. Imports peaked at X tons in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

In value terms, other chemical products imports declined to $X in 2016. Over the period under review, imports, however, showed a deep contraction. The growth pace was the most rapid in 2014 with an increase of 5.1%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, China (X tons) constituted the largest other chemical products supplier to Japan, with a 66% share of total imports. Moreover, other chemical products imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. The United States (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2016, the average annual growth rate of volume from China totaled -16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.7% per year) and the United States (-4.2% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest other chemical products suppliers to Japan, together comprising 60% of total imports. South Korea, Vietnam, Thailand, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Malaysia, with a CAGR of +4.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2016, declining by -10.4% against the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2013 an increase of 11% against the previous year. The import price peaked at $X per ton in 2015, and then fell in the following year.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the United States (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :