Japan: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Japan

In 2022, the Japanese plastic ornamental articles market increased by 5% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption, however, showed a perceptible curtailment. Plastic ornamental articles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plastic Ornamental Articles Production in Japan

In value terms, plastic ornamental articles production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 6.4%. Plastic ornamental articles production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plastic Ornamental Articles Exports

Exports from Japan

In 2022, shipments abroad of statuettes and other ornamental articles of plastic increased by 68% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 91%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic ornamental articles exports soared to $X in 2022. In general, exports recorded a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and China (X tons) were the main destinations of plastic ornamental articles exports from Japan, with a combined 53% share of total exports. The United States, the UK, France, Thailand, South Korea, Indonesia and the United Arab Emirates lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +78.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic ornamental articles exported from Japan were Taiwan (Chinese) ($X), Hong Kong SAR ($X) and China ($X), together accounting for 54% of total exports. The United States, France, the UK, Thailand, South Korea, Indonesia and the United Arab Emirates lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, the UK, with a CAGR of +54.6%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, which is down by -11.2% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 30%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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 France (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Ornamental Articles Imports

Imports into Japan

In 2022, supplies from abroad of statuettes and other ornamental articles of plastic increased by 21% to X tons, rising for the second year in a row after eight years of decline. In general, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastic ornamental articles imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a pronounced setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Japan, with a 89% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. The third position in this ranking was taken by Indonesia (X tons), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+5.0% per year) and Indonesia (+13.6% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Japan, comprising 88% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 3% share of total imports. It was followed by the Philippines, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-0.3% per year) and the Philippines (+30.1% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, surging by 8.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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