Price for Ethylene Polymers; Waste, Parings and Scrap in Japan - 2023
Contents:
- Price for Ethylene Polymers; Waste, Parings and Scrap in Japan (FOB) - 2023
- Price for Ethylene Polymers; Waste, Parings and Scrap in Japan (CIF) - 2022
- Exports of Ethylene Polymers; Waste, Parings and Scrap in Japan
- Imports of Ethylene Polymers; Waste, Parings and Scrap in Japan
Price for Ethylene Polymers; Waste, Parings and Scrap in Japan (FOB) - 2023
In November 2023, the average export price for ethylene polymers; waste, parings and scraps amounted to $341 per ton, standing approximately at the previous month. Over the period under review, the export price saw a mild decline. The most prominent rate of growth was recorded in January 2023 an increase of 4.4% against the previous month. As a result, the export price reached the peak level of $415 per ton. From February 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was India ($519 per ton), while the average price for exports to Thailand ($247 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-0.3%), while the prices for the other major destinations experienced a decline.
Price for Ethylene Polymers; Waste, Parings and Scrap in Japan (CIF) - 2022
The average import price for ethylene polymers; waste, parings and scraps stood at $786 per ton in 2022, declining by -5.4% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ethylene polymers; waste, parings and scraps increased by +60.2% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 69% against the previous year. As a result, import price reached the peak level of $832 per ton, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($1,102 per ton), while the price for South Korea ($454 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ethylene Polymers; Waste, Parings and Scrap in Japan
For the third consecutive year, Japan recorded decline in shipments abroad of ethylene polymers; waste, parings and scraps, which decreased by -1.2% to 117K tons in 2022. Overall, exports saw a deep downturn.
In value terms, exports of ethylene polymers; waste, parings and scraps expanded remarkably to $47M in 2022. In general, exports recorded a pronounced setback.
| Export of Ethylene Polymers; Waste, Parings and Scrap in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 12.1 | 19.5 | 26.8 | 32.3 | 38.7% |
| Malaysia | 12.1 | 8.2 | 7.3 | 6.5 | -18.7% |
| Taiwan (Chinese) | 8.3 | 5.0 | 4.3 | 3.5 | -25.0% |
| India | 2.0 | 2.7 | 1.8 | 2.2 | 3.2% |
| Thailand | 7.6 | 2.0 | 1.5 | 1.5 | -41.8% |
| South Korea | 3.2 | 1.4 | 0.4 | 0.5 | -46.1% |
| Hong Kong SAR | 2.3 | 0.9 | 0.3 | 0.4 | -44.2% |
| Others | 6.8 | 3.0 | 1.5 | 0.4 | -61.1% |
| Total | 54.4 | 42.5 | 43.8 | 47.3 | -4.6% |
Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Japan in 2022:
- Vietnam (78.4K tons)
- Malaysia (18.5K tons)
- Taiwan (Chinese) (8.7K tons)
- Thailand (5.1K tons)
- India (3.3K tons)
- South Korea (1.1K tons)
- Hong Kong SAR (1.1K tons)
Imports of Ethylene Polymers; Waste, Parings and Scrap in Japan
In 2022, supplies from abroad of ethylene polymers; waste, parings and scraps increased by 61% to 848 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt setback.
In value terms, imports of ethylene polymers; waste, parings and scraps skyrocketed to $667K in 2022. Over the period under review, imports, however, saw a abrupt contraction.
| Import of Ethylene Polymers; Waste, Parings and Scrap in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 517 | 66.1 | 212 | 476 | -2.7% |
| South Korea | 112 | 103 | 123 | 73.9 | -12.9% |
| Germany | 18.4 | 19.3 | N/A | 70.0 | 56.1% |
| United Kingdom | 9.5 | N/A | 27.2 | 47.2 | 70.6% |
| Australia | N/A | 124 | N/A | N/A | 0% |
| United States | 296 | 126 | 75.8 | N/A | -49.4% |
| Others | N/A | 9.7 | N/A | N/A | 0% |
| Total | 953 | 447 | 439 | 667 | -11.2% |
Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Japan in 2022:
- China (512.0 tons)
- South Korea (162.7 tons)
- Germany (130.1 tons)
- United Kingdom (42.8 tons)
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