Ester Gums Price in Japan - 2023

Contents:

1. Ester Gums Price in Japan (CIF) - 2023
2. Ester Gums Price in Japan (FOB) - 2023
3. Ester Gums Imports in Japan
4. Ester Gums Exports in Japan

Ester Gums Price in Japan (CIF) - 2023

The average ester gums import price stood at $2,583 per ton in July 2023, picking up by 1.8% against the previous month. In general, the import price, however, saw a mild descent. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 25% against the previous month. As a result, import price attained the peak level of $3,266 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,884 per ton), while the price for New Zealand ($1,968 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Ester Gums Price in Japan (FOB) - 2023

In July 2023, the average ester gums export price amounted to $6,093 per ton, surging by 8.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 20% m-o-m. As a result, the export price attained the peak level of $7,015 per ton. From October 2022 to July 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the United States ($7,697 per ton), while the average price for exports to Taiwan (Chinese) ($3,766 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ester Gums Imports in Japan

Ester gums imports into Japan skyrocketed to 5.6K tons in 2022, picking up by 27% compared with the previous year. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ester gums imports surged to $18M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Ester Gums to Japan in 2022:

1. China (4.6K tons)
2. United States (0.4K tons)
3. Indonesia (0.3K tons)
4. Brazil (0.1K tons)

Ester Gums Exports in Japan

In 2022, after three years of growth, there was significant decline in overseas shipments of ester gumses, when their volume decreased by -12.7% to 668 tons. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 765 tons, and then reduced in the following year.

In value terms, ester gums exports reduced remarkably to $4M in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 12%.

Top Export Markets for Ester Gums from Japan in 2022:

1. China (158.3 tons)
2. Thailand (126.7 tons)
3. Vietnam (98.6 tons)
4. United States (88.3 tons)
5. South Korea (60.7 tons)
6. Taiwan (Chinese) (39.2 tons)
7. Indonesia (39.2 tons)
8. Malaysia (19.6 tons)

Source: IndexBox Market Intelligence Platform