Japan: Other Chemical Products Market 2024

Other Chemical Products Market Size in Japan

The Japanese other chemical products market declined to $X in 2023, waning by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. Other chemical products consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Other Chemical Products Production in Japan

In value terms, other chemical products production declined to $X in 2023 estimated in export price. Over the period under review, production faced a deep setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Other Chemical Products Exports

Exports from Japan

In 2023, after six years of decline, there was significant growth in shipments abroad of other chemical products, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, other chemical products exports expanded rapidly to $X in 2023. In general, exports, however, recorded a precipitous decline. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of other chemical products exports from Japan, together comprising X% of total exports. Taiwan (Chinese), Vietnam, the Netherlands, Thailand, India, Indonesia, Germany, Hong Kong SAR, Malaysia and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, South Korea ($X), China ($X) and the United States ($X) constituted the largest markets for other chemical products exported from Japan worldwide, together comprising X% of total exports. Taiwan (Chinese), Thailand, the Netherlands, Hong Kong SAR, Vietnam, Indonesia, Malaysia, Germany, India and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2023, approximately mirroring the previous year. Overall, the export price, however, faced a abrupt contraction. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to India ($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 China (X%), while the prices for the other major destinations experienced a decline.

Other Chemical Products Imports

Imports into Japan

After seven years of growth, purchases abroad of other chemical products decreased by X% to X tons in 2023. In general, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, other chemical products imports fell slightly to $X in 2023. Over the period under review, imports saw a mild contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of other chemical products to Japan, accounting for a X% share of total imports. Moreover, other chemical products imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

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

In value terms, the largest other chemical products suppliers to Japan were China ($X), the United States ($X) and Germany ($X), with a combined X% share of total imports. South Korea, Taiwan (Chinese), Thailand, Malaysia and Vietnam lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2023, almost unchanged from the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform