Japan: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Japan

The Japanese reaction initiators and accelerators market rose rapidly to $X in 2022, increasing by 9.5% against the previous year. In general, consumption continues to indicate a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Japan

In value terms, reaction initiators and accelerators production rose sharply to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Japan

In 2022, approx. X tons of reaction initiators, reaction accelerators and catalytic preparations were exported from Japan; which is down by -7.1% on the previous year's figure. In general, exports saw a mild contraction. The growth pace was the most rapid in 2014 with an increase of 14% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, reaction initiators and accelerators exports dropped significantly to $X in 2022. Overall, exports, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

South Korea (X tons) was the main destination for reaction initiators and accelerators exports from Japan, with a 41% share of total exports. Moreover, reaction initiators and accelerators exports to South Korea exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.1% per year) and Thailand (+1.8% per year).

In value terms, the largest markets for reaction initiators and accelerators exported from Japan were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising 43% of total exports. Thailand, the United States, India, Saudi Arabia, Singapore, Indonesia, Vietnam, the Netherlands, France and Australia lagged somewhat behind, together comprising a further 40%.

Vietnam, with a CAGR of +17.8%, saw 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 2022, the average reaction initiators and accelerators export price amounted to $X per ton, dropping by -14.1% against the previous year. Over the period under review, the export price, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 an increase of 37%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($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 Singapore (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Japan

In 2022, purchases abroad of reaction initiators, reaction accelerators and catalytic preparations was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 25%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators imports dropped to $X in 2022. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of reaction initiators and accelerators to Japan, accounting for a 57% share of total imports. Moreover, reaction initiators and accelerators imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.3% per year) and China (-1.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Japan, comprising 49% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by China, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.5% per year) and China (-2.0% per year).

Import Prices by Country

The average reaction initiators and accelerators import price stood at $X per ton in 2022, dropping by -21.1% against the previous year. Overall, the import price, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 68% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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