Japan: Propellant Powders Market 2024

Propellant Powders Market Size in Japan

In 2021, the Japanese propellant powders market was finally on the rise to reach $X after six years of decline. In general, consumption, however, recorded a pronounced contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Propellant Powders Production in Japan

In value terms, propellant powders production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 68% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Propellant Powders Exports

Exports from Japan

In 2021, after three years of decline, there was significant growth in overseas shipments of propellant powders, when their volume increased by 7.8% to X tons. Overall, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, propellant powders exports contracted to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons), Thailand (X tons) and China (X tons) were the main destinations of propellant powders exports from Japan, together accounting for 98% of total exports.

From 2012 to 2021, 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 +76.5%), while the other leaders experienced a decline.

In value terms, South Korea ($X), China ($X) and Thailand ($X) appeared to be the largest markets for propellant powders exported from Japan worldwide, together comprising 95% of total exports.

South Korea, with a CAGR of +65.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average propellant powders export price amounted to $X per ton, falling by -16% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to South Korea ($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 (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Propellant Powders Imports

Imports into Japan

After four years of decline, purchases abroad of propellant powders increased by 50% to X tons in 2021. Overall, imports posted a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by 99%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, propellant powders imports soared to $X in 2021. Over the period under review, imports enjoyed notable growth. The pace of growth appeared the most rapid in 2015 when imports increased by 65%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest propellant powders supplier to Japan, accounting for a 64% share of total imports. Moreover, propellant powders imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.1% per year) and the Czech Republic (+5.7% per year).

In value terms, the largest propellant powders suppliers to Japan were China ($X), the United States ($X) and the Czech Republic ($X), with a combined 95% share of total imports.

China, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average propellant powders import price stood at $X per ton in 2021, falling by -7.6% against the previous year. Over the period under review, the import price saw a perceptible slump. The growth pace was the most rapid in 2018 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :