Organo-Sulphur Compounds; Methionine Price in Japan - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in Japan (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Price in Japan (FOB) - 2023
- Organo-Sulphur Compounds; Methionine Imports in Japan
- Organo-Sulphur Compounds; Methionine Exports in Japan
Organo-Sulphur Compounds; Methionine Price in Japan (CIF) - 2023
In July 2023, the average organo-sulphur compounds; methionine import price amounted to $1,960 per ton, reducing by -10.3% against the previous month. Overall, the import price showed a pronounced decline. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 4.8% m-o-m. Over the period under review, average import prices reached the peak figure at $2,774 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were China ($2,365 per ton) and Malaysia ($2,201 per ton), while the price for Singapore ($1,846 per ton) and France ($2,192 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (-0.4%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in Japan (FOB) - 2023
The average organo-sulphur compounds; methionine export price stood at $2,184 per ton in July 2023, surging by 3.9% against the previous month. In general, the export price, however, saw a perceptible shrinkage. The growth pace was the most rapid in September 2022 an increase of 90% m-o-m. As a result, the export price attained the peak level of $5,825 per ton. From October 2022 to July 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In July 2023, the countries with the highest prices were Jordan ($2,001 per ton) and Israel ($1,948 per ton), while the average price for exports to Lebanon ($1,843 per ton) and Uzbekistan ($1,917 per ton) were 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 (-1.9%), while the prices for the other major destinations experienced a decline.
Organo-Sulphur Compounds; Methionine Imports in Japan
In 2022, overseas purchases of organo-sulphur compounds; methionines decreased by -7.7% to 14K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports reached the peak of 15K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, organo-sulphur compounds; methionine imports reduced slightly to $37M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, imports attained the peak of $39M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Organo-Sulphur Compounds; Methionine in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 22.0 | 23.7 | 16.4 | 21.7 | -0.5% |
| China | 8.9 | 12.9 | 11.4 | 12.5 | 12.0% |
| Belgium | 1.0 | 1.0 | 1.0 | 1.1 | 3.2% |
| France | 1.0 | 1.5 | 0.4 | 1.0 | 0.0% |
| Others | 0.3 | 0.2 | 7.9 | 0.3 | 0.0% |
| Total | 33.2 | 39.4 | 37.2 | 36.7 | 3.4% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Japan in 2022:
- Singapore (8.2K tons)
- China (4.6K tons)
- Belgium (0.4K tons)
- France (0.4K tons)
Organo-Sulphur Compounds; Methionine Exports in Japan
In 2022, exports of organo-sulphur compounds; methionines from Japan skyrocketed to 15K tons, jumping by 215% compared with the previous year. Over the period under review, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, organo-sulphur compounds; methionine exports surged to $40M in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Organo-Sulphur Compounds; Methionine in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.5 | 0.8 | 0.2 | 3.8 | 36.3% |
| China | 4.5 | 1.1 | 0.2 | 3.7 | -6.3% |
| India | 1.3 | 0.7 | 1.2 | 3.4 | 37.8% |
| Vietnam | 1.8 | 0.7 | 1.1 | 3.1 | 19.9% |
| Indonesia | 1.5 | 0.6 | 1.0 | 2.7 | 21.6% |
| Philippines | 0.7 | 0.5 | 0.7 | 2.0 | 41.9% |
| Thailand | 0.9 | 0.5 | 0.6 | 1.8 | 26.0% |
| South Africa | 0.3 | 0.3 | 0.4 | 1.2 | 58.7% |
| Malaysia | 0.6 | 0.3 | 0.4 | 1.2 | 26.0% |
| Spain | 0.3 | 0.2 | 0.4 | 1.2 | 58.7% |
| Canada | 0.5 | 0.2 | 0.3 | 1.0 | 26.0% |
| Chile | 0.4 | 0.1 | 0.3 | 0.9 | 31.0% |
| Pakistan | 0.7 | 0.2 | 0.3 | 0.9 | 8.7% |
| Others | 6.8 | 3.4 | 9.6 | 13.3 | 25.1% |
| Total | 21.7 | 9.7 | 16.7 | 40.3 | 22.9% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from Japan in 2022:
- China (1.7K tons)
- Brazil (1.4K tons)
- India (1.3K tons)
- Vietnam (1.2K tons)
- Indonesia (1.0K tons)
- Philippines (0.8K tons)
- Thailand (0.7K tons)
- Malaysia (0.5K tons)
- Canada (0.4K tons)
- South Africa (0.4K tons)
- Chile (0.4K tons)
- Pakistan (0.4K tons)
- Spain (0.4K tons)
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