Japan: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Japan

The Japanese vulcanised rubber thread market rose rapidly to $X in 2021, increasing by 9.5% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.0% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in Japan

In value terms, vulcanised rubber thread production rose sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 50% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Japan

In 2021, vulcanised rubber thread exports from Japan fell dramatically to X tons, with a decrease of -48.1% against the previous year's figure. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 75%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports reduced sharply to $X in 2021. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

El Salvador (X tons) was the main destination for vulcanised rubber thread exports from Japan, accounting for a 52% share of total exports. Moreover, vulcanised rubber thread exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to El Salvador amounted to -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+0.3% per year) and Vietnam (+46.5% per year).

In value terms, the largest markets for vulcanised rubber thread exported from Japan were Vietnam ($X), El Salvador ($X) and China ($X), together comprising 78% of total exports.

Vietnam, with a CAGR of +52.3%, 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 mixed trend patterns.

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, increasing by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Honduras ($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 China (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Japan

For the third consecutive year, Japan recorded decline in purchases abroad of vulcanised rubber thread and cord, which decreased by -34.3% to X tons in 2021. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 5% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread imports contracted significantly to $X in 2021. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 1.7%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest vulcanised rubber thread supplier to Japan, accounting for a 87% share of total imports. Moreover, vulcanised rubber thread imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at -16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.3% per year) and India (-16.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of vulcanised rubber thread and cord to Japan, comprising 81% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand amounted to -19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.9% per year) and India (-20.5% per year).

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, with an increase of 13% against the previous year. In general, the import price, however, saw a mild contraction. The import price peaked 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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :