Japan: Pyrites Market 2024

Pyrites Market Size in Japan

In 2022, the Japanese pyrites market decreased by -0.2% to $X, falling for the second consecutive year after four years of growth. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -1.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pyrites Production in Japan

In value terms, pyrites production reached $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 54% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Pyrites Exports

Exports from Japan

In 2022, shipments abroad of pyrites decreased by -56.1% to X tons, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 75%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, pyrites exports declined markedly to $X in 2022. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 100%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for pyrites exports from Japan, with a 100% share of total exports. It was followed by South Korea (X kg), with a 0.2% share of total exports. The third position in this ranking was held by Thailand (X kg), with a 0.1% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia totaled -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-43.3% per year) and Thailand (-53.5% per year).

In value terms, Indonesia ($X) remains the key foreign market for pyrites exports from Japan, comprising 91% of total exports. The second position in the ranking was taken by South Korea ($X), with a 6.8% share of total exports. It was followed by China, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-26.7% per year) and China (-36.4% per year).

Export Prices by Country

In 2022, the average pyrites export price amounted to $X per ton, declining by -24.8% against the previous year. In general, the export price, however, recorded modest growth. The pace of growth appeared the most rapid in 2017 an increase of 119%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the 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 ($X per ton), while the average price for exports to Indonesia ($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 the United Arab Emirates (+63.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrites Imports

Imports into Japan

In 2022, purchases abroad of pyrites decreased by -37.7% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 16%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, pyrites imports dropped sharply to $X in 2022. In general, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 47% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest pyrites supplier to Japan, accounting for a 72% share of total imports. Moreover, pyrites imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -8.6%.

In value terms, China ($X) constituted the largest supplier of pyrites to Japan, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -7.4%.

Import Prices by Country

The average pyrites import price stood at $X per ton in 2022, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :