Japan: Sulphites Market 2024

Sulphites Market Size in Japan

The Japanese sulphites market expanded slightly to $X in 2022, rising by 4% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sulphites Production in Japan

In value terms, sulphites production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Sulphites Exports

Exports from Japan

In 2022, approx. X tons of sulphites were exported from Japan; reducing by -25.2% against the year before. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 90%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphites exports shrank remarkably to $X in 2022. Overall, exports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2020 with an increase of 83%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank significantly in the following year.

Exports by Country

China (X tons), Australia (X tons) and Pakistan (X tons) were the main destinations of sulphites exports from Japan, with a combined 86% share 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 China (with a CAGR of +53.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for sulphites exports from Japan, comprising 67% of total exports. The second position in the ranking was taken by Australia ($X), with a 12% share of total exports. It was followed by South Korea, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-7.6% per year) and South Korea (-1.1% per year).

Export Prices by Country

The average sulphites export price stood at $X per ton in 2022, with a decrease of -57.9% against the previous year. In general, the export price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 98%. The export price peaked at $X per ton in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Thailand ($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 the Philippines (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites Imports

Imports into Japan

In 2022, imports of sulphites into Japan declined to X tons, which is down by -10.3% on 2021. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, sulphites imports expanded to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +71.9% against 2017 indices. The pace of growth was the most pronounced in 2021 when imports increased by 33%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) constituted the largest sulphites supplier to Japan, with a 73% share of total imports. Moreover, sulphites imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.2% per year) and Germany (+29.2% per year).

In value terms, Thailand ($X) constituted the largest supplier of sulphites to Japan, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Germany (+33.2% per year).

Import Prices by Country

In 2022, the average sulphites import price amounted to $X per ton, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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