Price for Protein; Concentrates and Textured Protein Substances in Japan - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Japan (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Japan (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Japan
- Exports of Protein; Concentrates and Textured Protein Substances in Japan
Price for Protein; Concentrates and Textured Protein Substances in Japan (CIF) - 2024
The average import price for protein; concentrates and textured protein substanceses stood at $4,703 per ton in April 2024, rising by 39% against the previous month. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $4,740 per ton in July 2023; afterwards, it flattened through to April 2024.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was the United States ($8,923 per ton), while the price for India ($1,119 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Protein; Concentrates and Textured Protein Substances in Japan (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $12,345 per ton in 2022, jumping by 19% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for protein; concentrates and textured protein substanceses increased by +95.0% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 22%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($37,541 per ton), while the average price for exports to Indonesia ($3,265 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Japan
Imports of protein; concentrates and textured protein substanceses into Japan surged to 11K tons in 2022, jumping by 26% on 2021 figures. The total import volume increased at an average annual rate of +11.3% over the period 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, imports of protein; concentrates and textured protein substanceses soared to $49M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.3 | 27.1 | 26.7 | 29.7 | 1.6% |
| China | 6.6 | 8.2 | 10.5 | 13.0 | 25.4% |
| Netherlands | 0.7 | 0.8 | 0.8 | 1.4 | 26.0% |
| France | 1.2 | 1.1 | 1.6 | 1.3 | 2.7% |
| Australia | 0.8 | 0.9 | 0.9 | 1.0 | 7.7% |
| Others | 1.5 | 1.2 | 1.9 | 2.4 | 17.0% |
| Total | 39.0 | 39.3 | 42.4 | 49.0 | 7.9% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Japan in 2022:
- China (5.0K tons)
- United States (4.0K tons)
- Netherlands (0.7K tons)
- Australia (0.3K tons)
- France (0.3K tons)
Exports of Protein; Concentrates and Textured Protein Substances in Japan
In 2022, exports of protein; concentrates and textured protein substanceses from Japan reduced to 494 tons, with a decrease of -5% compared with 2021. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of 520 tons, and then dropped in the following year.
In value terms, exports of protein; concentrates and textured protein substanceses rose rapidly to $6.1M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,461 | 1,801 | 2,366 | 2,277 | 15.9% |
| China | 43.6 | 330 | 549 | 1,687 | 238.2% |
| United States | 163 | 220 | 376 | 559 | 50.8% |
| Canada | 358 | 457 | 648 | 464 | 9.0% |
| Thailand | 231 | 252 | 431 | 360 | 15.9% |
| South Korea | 364 | 145 | 241 | 110 | -32.9% |
| Hong Kong SAR | 195 | 104 | 182 | 107 | -18.1% |
| Vietnam | 105 | 193 | 169 | 97.6 | -2.4% |
| Singapore | 57.8 | 12.3 | 177 | 54.5 | -1.9% |
| Indonesia | 112 | 92.8 | 38.0 | 9.8 | -55.6% |
| Others | 173 | 279 | 196 | 367 | 28.5% |
| Total | 3,264 | 3,887 | 5,371 | 6,093 | 23.1% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Japan in 2022:
- Taiwan (Chinese) (272.9 tons)
- Thailand (74.6 tons)
- China (44.9 tons)
- United States (41.4 tons)
- Vietnam (21.5 tons)
- South Korea (7.9 tons)
- Canada (7.3 tons)
- Singapore (6.4 tons)
- Hong Kong SAR (4.8 tons)
- Indonesia (3.0 tons)
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