Japan - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIsocyanates Price in Japan - 2023
Contents:
- Isocyanates Price in Japan (FOB) - 2023
- Isocyanates Price in Japan (CIF) - 2023
- Isocyanates Exports in Japan
- Isocyanates Imports in Japan
Isocyanates Price in Japan (FOB) - 2023
In April 2023, the average isocyanates export price amounted to $2,894 per ton, declining by -8.5% against the previous month. In general, the export price saw a pronounced decrease. The growth pace was the most rapid in March 2023 when the average export price increased by 26% month-to-month. Over the period under review, the average export prices reached the maximum at $3,539 per ton in July 2022; however, from August 2022 to April 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In April 2023, the country with the highest price was Thailand ($5,487 per ton), while the average price for exports to Singapore ($1,858 per ton) was amongst the lowest.
From July 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Isocyanates Price in Japan (CIF) - 2023
In April 2023, the average isocyanates import price amounted to $4,660 per ton, waning by -4.5% against the previous month. Overall, the import price showed a slight curtailment. The pace of growth was the most pronounced in December 2022 when the average import price increased by 37% month-to-month. Over the period under review, average import prices hit record highs at $6,647 per ton in August 2022; however, from September 2022 to April 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was the United States ($13,429 per ton), while the price for China ($3,243 per ton) was amongst the lowest.
From July 2022 to April 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Isocyanates Exports in Japan
In 2022, overseas shipments of isocyanates decreased by -3.9% to 151K tons, falling for the second year in a row after two years of growth. In general, exports showed a mild shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 4.8%. As a result, the exports attained the peak of 165K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, isocyanates exports fell to $499M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports attained the peak of $539M, and then declined in the following year.
Export of Isocyanates in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 170 | 146 | 171 | 155 | -3.0% |
Vietnam | 39.5 | 50.5 | 69.4 | 66.0 | 18.7% |
Thailand | 37.4 | 30.5 | 38.3 | 36.7 | -0.6% |
Taiwan (Chinese) | 38.2 | 32.7 | 46.9 | 36.3 | -1.7% |
India | 7.0 | 12.5 | 16.5 | 32.6 | 67.0% |
Indonesia | 26.4 | 22.4 | 44.3 | 30.5 | 4.9% |
Turkey | 16.1 | 13.9 | 19.0 | 27.4 | 19.4% |
Singapore | 18.6 | 11.6 | 21.2 | 19.4 | 1.4% |
Malaysia | 11.7 | 14.7 | 16.4 | 13.8 | 5.7% |
Others | 79.1 | 73.4 | 96.2 | 81.9 | 1.2% |
Total | 444 | 408 | 539 | 499 | 4.0% |
Top Export Markets for Isocyanates from Japan in 2022:
- China (42.6K tons)
- Vietnam (19.0K tons)
- India (13.3K tons)
- Taiwan (Chinese) (13.2K tons)
- Indonesia (13.1K tons)
- Turkey (10.4K tons)
- Singapore (9.1K tons)
- Thailand (7.8K tons)
- Malaysia (5.3K tons)
Isocyanates Imports in Japan
Isocyanates imports into Japan expanded modestly to 28K tons in 2022, picking up by 1.8% on the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.6% 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 +48.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, isocyanates imports expanded slightly to $131M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.2% 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 +49.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Isocyanates in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 18.8 | 17.0 | 45.2 | 53.2 | 41.4% |
Germany | 41.4 | 35.8 | 35.7 | 32.9 | -7.4% |
South Korea | 14.1 | 10.6 | 15.1 | 21.1 | 14.4% |
United States | 19.4 | 15.7 | 19.7 | 15.2 | -7.8% |
France | 1.6 | 2.6 | 3.0 | 3.1 | 24.7% |
Saudi Arabia | 1.1 | 2.0 | 0.9 | 0.3 | -35.2% |
Others | 3.6 | 3.8 | 6.0 | 4.8 | 10.1% |
Total | 100 | 87.4 | 126 | 131 | 9.4% |
Top Suppliers of Isocyanates to Japan in 2022:
- China (14.3K tons)
- South Korea (5.7K tons)
- Germany (5.2K tons)
- United States (1.6K tons)
- France (0.4K tons)
- Saudi Arabia (0.1K tons)
This report provides an in-depth analysis of the isocyanates market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20144450 - Isocyanates
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the isocyanates market in Japan.
This report provides an in-depth analysis of the market for compounds with other nitrogen function in Japan.
This report provides an in-depth analysis of the global isocyanates market.
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
This report provides an in-depth analysis of the isocyanates market in Japan.
This report provides an in-depth analysis of the market for compounds with other nitrogen function in Japan.
This report provides an in-depth analysis of the global isocyanates market.
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
In April 2023, the Isocyanates price was $2,894 per ton (FOB, Japan), showing a decrease of 8.5% compared to the previous month.
Explore the top import markets for isocyanates based on the import value data provided by the IndexBox market intelligence platform. Discover the key countries and their market statistics.
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In value terms, nitrogen-function compounds imports amounted to $X in 2016. In general, nitrogen-function compounds imports continue to indicate a perceptible descent. Over the period under review,...
In value terms, nitrile-function compounds exports totaled $X in 2016. In general, nitrile-function compounds exports continue to indicate a perceptible drop. Over the period under review, global n...
In value terms, nitrogen-function compounds exports totaled $X in 2016. In general, nitrogen-function compounds exports continue to indicate a temperate slump. Global nitrogen-function compounds ex...
In April 2023, the Isocyanates price was $2,894 per ton (FOB, Japan), showing a decrease of 8.5% compared to the previous month.
Explore the top import markets for isocyanates based on the import value data provided by the IndexBox market intelligence platform. Discover the key countries and their market statistics.
In value terms, nitrile-function compounds imports totaled $X in 2016. Overall, nitrile-function compounds imports continue to indicate a significant descent. Global nitrile-function compounds impo...
In value terms, nitrogen-function compounds imports amounted to $X in 2016. In general, nitrogen-function compounds imports continue to indicate a perceptible descent. Over the period under review,...