Japan: Other Carbonates Market 2024

Other Carbonates Market Size in Japan

The Japanese other carbonates market reduced to $X in 2023, which is down by X% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Other Carbonates Production in Japan

In value terms, other carbonates production dropped slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Other Carbonates Exports

Exports from Japan

For the third year in a row, Japan recorded decline in overseas shipments of other carbonates, which decreased by X% to X tons in 2023. Overall, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, other carbonates exports declined sharply to $X in 2023. In general, exports recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2022, and then contracted notably in the following year.

Exports by Country

The United States (X tons), South Korea (X tons) and Germany (X tons) were the main destinations of other carbonates exports from Japan, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and the United States ($X) constituted the largest markets for other carbonates exported from Japan worldwide, with a combined X% share of total exports. Germany, Malaysia, Thailand, the Philippines and Indonesia lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average other carbonates export price stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Other Carbonates Imports

Imports into Japan

After two years of growth, overseas purchases of other carbonates decreased by X% to X tons in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, other carbonates imports shrank to $X in 2023. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), Chile (X tons) and South Korea (X tons) were the main suppliers of other carbonates imports to Japan, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of other carbonates to Japan, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Chile stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and China (X% per year).

Import Prices by Country

The average other carbonates import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price saw significant growth. The most prominent rate of growth was recorded in 2022 an increase of X%. The import price peaked in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform