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

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

The Japanese market for rigid tubes, pipes and hoses of polymers of vinyl chloride dropped slightly to $X in 2022, declining by -4.2% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Japan

In value terms, vinyl chloride polymer rigid pipes production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16%. Vinyl chloride polymer rigid pipes production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Japan

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were exported from Japan; which is down by -16.1% compared with the previous year's figure. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 49%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports reduced to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Japan, with a 38% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Hong Kong SAR exceeded the volume sent to the second major destination, South Korea (X tons), twofold. China (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.9% per year) and China (+6.6% per year).

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Japan were Hong Kong SAR ($X), the Philippines ($X) and Vietnam ($X), with a combined 48% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +3.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, picking up by 1.7% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Indonesia (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Japan

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 9.2% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 122% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes imports surged to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 78%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Japan, together accounting for 74% of total imports. The United States, Malaysia, Vietnam and Italy lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +30.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes suppliers to Japan were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for 59% of total imports. The United States, Malaysia, Italy and Vietnam lagged somewhat behind, together comprising a further 32%.

Italy, with a CAGR of +38.1%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, with an increase of 6.2% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of 18%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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