Japan: Vegetable Oils Market 2024

Vegetable Oils Market Size in Japan

The Japanese vegetable oils market rose sharply to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, showed a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Oils Production in Japan

In value terms, vegetable oils production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The growth pace was the most rapid in 2020 when the production volume increased by X%. Vegetable oils production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Vegetable Oils Exports

Exports from Japan

In 2022, approx. X tons of vegetable fats and oils were exported from Japan; declining by X% compared with the previous year. In general, exports showed a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, vegetable oils exports fell markedly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

China (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of vegetable oils exports from Japan, together comprising X% of total exports. South Korea, Vietnam, Taiwan (Chinese), Hong Kong SAR, Malaysia and Singapore lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), China ($X) and Vietnam ($X) were the largest markets for vegetable oils exported from Japan worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, saw 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

The average vegetable oils export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price continues to indicate a measured expansion. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Oils Imports

Imports into Japan

Vegetable oils imports into Japan rose to X tons in 2022, picking up by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, vegetable oils imports soared to $X in 2022. Over the period under review, total imports indicated a strong increase 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), India (X tons) and Indonesia (X tons) were the main suppliers of vegetable oils imports to Japan, together accounting for X% of total imports. Thailand, Spain and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of vegetable fats and oils to Japan, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by India, with an X% share.

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

Import Prices by Country

In 2022, the average vegetable oils import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price 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, vegetable oils import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :