Japan: Wadding Market 2024

Wadding Market Size in Japan

The Japanese wadding market fell to $X in 2023, with a decrease of X% against the previous year. In general, consumption saw a relatively flat trend pattern. Wadding consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Wadding Production in Japan

In value terms, wadding production shrank to $X in 2023 estimated in export price. Over the period under review, production recorded a slight shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Wadding production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Wadding Exports

Exports from Japan

In 2023, wadding exports from Japan rose markedly to X tons, increasing by X% against 2022. In general, exports, however, showed a mild curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, wadding exports declined modestly to $X in 2023. Over the period under review, exports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for wadding exports from Japan, accounting for a X% share of total exports. Moreover, wadding exports to Indonesia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

In value terms, Taiwan (Chinese) ($X), China ($X) and the United States ($X) were the largest markets for wadding exported from Japan worldwide, with a combined X% share of total exports. Indonesia, Vietnam, Russia, Romania, South Korea, Hong Kong SAR, the Philippines, Thailand, Malaysia and Myanmar lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average wadding export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price showed a noticeable contraction. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Indonesia ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wadding Imports

Imports into Japan

In 2023, imports of wadding into Japan fell slightly to X tons, dropping by X% on 2022 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was 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 fell in the following year.

In value terms, wadding imports contracted slightly to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked 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 wadding supplier to Japan, accounting for a X% share of total imports. Moreover, wadding imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of wadding to Japan, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average wadding import price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price, however, saw a mild shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from the Philippines ($X per ton) and China ($X per ton), while the price for Indonesia ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform