Japan: Steatite Market 2021

Steatite Market Size in Japan

The Japanese steatite market expanded significantly to $X in 2019, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate temperate growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Steatite consumption peaked in 2019 and is expected to retain growth in the near future.

Steatite Exports

Exports from Japan

In 2019, steatite exports from Japan skyrocketed to X tons, increasing by X% on the year before. Overall, total exports indicated a mild increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked at X tons in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

In value terms, steatite exports expanded significantly to $X in 2019. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

The U.S. (X tons) was the main destination for steatite exports from Japan, accounting for a X% share of total exports. Moreover, steatite exports to the U.S. exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was occupied by Vietnam (X tons), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to the U.S. amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Vietnam (+X% per year).

In value terms, the U.S. ($X), China ($X) and Thailand ($X) constituted the largest markets for steatite exported from Japan worldwide, together comprising X% of total exports. These countries were followed by South Korea, Indonesia, Taiwan (Chinese) and Vietnam, which together accounted for a further X Nam recorded the highest rates of growth with regard to 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 steatite export price stood at $X per ton in 2019, waning by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Steatite Imports

Imports into Japan

In 2019, approx. X tons of steatites were imported into Japan; with an increase of X% against the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Imports peaked at X tons in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, steatite imports expanded significantly to $X in 2019. In general, imports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of steatite to Japan, with a X% share of total imports. Moreover, steatite imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was occupied by Pakistan (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Pakistan (+X% per year).

In value terms, China ($X) constituted the largest supplier of steatite to Japan, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2019, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2019, the average steatite import price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, import price indicated a noticeable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, steatite import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per ton in 2018, and then dropped in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Austria ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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