Japan: Vinyl Chloride Market 2024

Vinyl Chloride Market Size in Japan

The Japanese vinyl chloride market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Vinyl chloride consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vinyl Chloride Production in Japan

In value terms, vinyl chloride production shrank to $X in 2022 estimated in export price. In general, production showed a mild downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Vinyl chloride production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Vinyl Chloride Exports

Exports from Japan

In 2022, after two years of growth, there was decline in shipments abroad of vinyl chloride (chloroethylene), when their volume decreased by X% to X tons. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, vinyl chloride exports shrank remarkably to $X in 2022. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

China (X tons) was the main destination for vinyl chloride exports from Japan, accounting for a X% share of total exports. Moreover, vinyl chloride exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) remains the key foreign market for vinyl chloride (chloroethylene) exports from Japan, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average vinyl chloride export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, export price indicated a mild expansion 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, vinyl chloride export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then reduced markedly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per ton) and India ($X per ton), while the average price for exports to China ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vinyl Chloride Imports

Imports into Japan

In 2022, the amount of vinyl chloride (chloroethylene) imported into Japan fell rapidly to X tons, with a decrease of X% compared with 2021. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, vinyl chloride imports dropped dramatically to $X in 2022. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of vinyl chloride to Japan, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of vinyl chloride (chloroethylene) to Japan.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

The average vinyl chloride import price stood at $X per ton in 2022, rising by X% against the previous year. In general, import price indicated a pronounced 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, vinyl chloride import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Source: IndexBox Platform

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