Japan: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Japan

In 2022, the Japanese saturated acyclic monocarboxylic acids market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a slight reduction. Saturated acyclic monocarboxylic acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Japan

In value terms, saturated acyclic monocarboxylic acids production declined to $X in 2022 estimated in export price. Overall, production saw a pronounced decline. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Saturated acyclic monocarboxylic acids production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Japan

In 2022, approx. X tons of saturated acyclic monocarboxylic acids were exported from Japan; which is down by X% compared with the year before. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, saturated acyclic monocarboxylic acids exports fell to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Singapore (X tons), China (X tons) and South Korea (X tons) were the main destinations of saturated acyclic monocarboxylic acids exports from Japan, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Singapore ($X) constituted the largest markets for saturated acyclic monocarboxylic acids exported from Japan worldwide, with a combined X% share of total exports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Japan

In 2022, saturated acyclic monocarboxylic acids imports into Japan fell to X tons, shrinking by X% on 2021 figures. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, saturated acyclic monocarboxylic acids imports expanded notably to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest saturated acyclic monocarboxylic acids supplier to Japan, with a X% share of total imports. Moreover, saturated acyclic monocarboxylic acids imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Singapore (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of saturated acyclic monocarboxylic acids to Japan, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average saturated acyclic monocarboxylic acids import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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