Japan: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Japan

In 2022, the Japanese propylene polymer rigid pipes market decreased by -45.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt setback. Propylene polymer rigid pipes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Japan

After two years of growth, shipments abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -65.3% to X tons in 2022. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, propylene polymer rigid pipes exports shrank dramatically to $X in 2022. Overall, exports faced a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 8.5%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), Vietnam (X tons) and Russia (X tons) were the main destinations of propylene polymer rigid pipes exports from Japan, together accounting for 63% of total exports. The Philippines, Indonesia, Australia, South Korea, Malaysia, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +20.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for propylene polymer rigid pipes exported from Japan were China ($X), Vietnam ($X) and Indonesia ($X), with a combined 65% share of total exports. The Philippines, Russia, Australia, South Korea, Singapore, Malaysia and Hong Kong SAR lagged somewhat behind, together comprising a further 24%.

The Philippines, with a CAGR of +18.4%, 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

In 2022, the average propylene polymer rigid pipes export price amounted to $X per ton, declining by -12.8% against the previous year. In general, the export price saw a deep setback. The growth pace was the most rapid in 2017 when the average export price increased by 6.5%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Malaysia ($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 (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Japan

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -48.5% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 13% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, propylene polymer rigid pipes imports shrank notably to $X in 2022. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 10%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and South Korea (X tons) were the main suppliers of propylene polymer rigid pipes imports to Japan, together accounting for 90% of total imports. These countries were followed by Vietnam, which accounted for a further 7.4%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +19.8%), while purchases for the other leaders experienced a decline.

In value terms, the largest propylene polymer rigid pipes suppliers to Japan were Indonesia ($X), China ($X) and South Korea ($X), with a combined 90% share of total imports. These countries were followed by Vietnam, which accounted for a further 6.6%.

Vietnam, with a CAGR of +26.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average propylene polymer rigid pipes import price stood at $X per ton in 2022, surging by 3.9% against the previous year. Overall, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 6.4%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Indonesia ($X per ton), while the price for Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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