Japan: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Japan

For the third year in a row, the Japanese unsaturated acyclic hydrocarbons market recorded decline in sales value, which decreased by -0.8% to $X in 2021. Over the period under review, consumption showed a pronounced reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Production in Japan

In value terms, unsaturated acyclic hydrocarbons production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 35%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Japan

In 2021, unsaturated acyclic hydrocarbons exports from Japan reduced to X tons, which is down by -5.2% compared with the year before. Over the period under review, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 54% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons exports surged to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 44% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea (X tons), the United States (X tons) and China (X tons) were the main destinations of unsaturated acyclic hydrocarbons exports from Japan, together comprising 89% of total exports. These countries were followed by India, Taiwan (Chinese) and Belgium, which together accounted for a further 6.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +38.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unsaturated acyclic hydrocarbons exported from Japan were South Korea ($X), the United States ($X) and China ($X), with a combined 72% share of total exports. India, Taiwan (Chinese) and Belgium lagged somewhat behind, together accounting for a further 5.5%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +13.8%, recorded the highest growth rate of 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

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, rising by 29% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible shrinkage. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Japan

In 2021, approx. X tons of unsaturated acyclic hydrocarbons were imported into Japan; dropping by -11.6% on the year before. Overall, imports showed a perceptible contraction. The growth pace was the most rapid in 2017 when imports increased by 17%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons imports reached $X in 2021. In general, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), South Africa (X tons) and Belgium (X tons) were the main suppliers of unsaturated acyclic hydrocarbons imports to Japan, with a combined 68% share of total imports. These countries were followed by Canada, New Zealand, China, Malaysia and Chile, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +66.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Japan, comprising 35% of total imports. The second position in the ranking was taken by South Africa ($X), with a 13% share of total imports. It was followed by Canada, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-5.1% per year) and Canada (+63.7% per year).

Import Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, growing by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 32%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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