Japan: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Japan

In 2023, the Japanese cyclohexanone and methylcyclohexanones market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a mild curtailment. Cyclohexanone and methylcyclohexanones consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Cyclohexanone And Methylcyclohexanones Production in Japan

In value terms, cyclohexanone and methylcyclohexanones production dropped to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Japan

Cyclohexanone and methylcyclohexanones exports from Japan contracted remarkably to X tons in 2023, which is down by X% compared with the previous year. Over the period under review, exports recorded a drastic downturn. 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, cyclohexanone and methylcyclohexanones exports reduced markedly to $X in 2023. Overall, exports saw a perceptible decline. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for cyclohexanone and methylcyclohexanones exports from Japan, with a X% share of total exports. Moreover, cyclohexanone and methylcyclohexanones exports to South Korea exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

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

In value terms, South Korea ($X) emerged as the key foreign market for cyclohexanone and methylcyclohexanones exports from Japan, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average cyclohexanone and methylcyclohexanones export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Cyclohexanone And Methylcyclohexanones Imports

Imports into Japan

In 2023, cyclohexanone and methylcyclohexanones imports into Japan fell significantly to X tons, declining by X% against the previous year. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, cyclohexanone and methylcyclohexanones imports plummeted to $X in 2023. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and the United States (X tons) were the main suppliers of cyclohexanone and methylcyclohexanones imports to Japan, together comprising X% of total imports.

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

In value terms, the largest cyclohexanone and methylcyclohexanones suppliers to Japan were Taiwan (Chinese) ($X), China ($X) and the United States ($X), together comprising X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cyclohexanone and methylcyclohexanones import price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 ($X per ton), while the price for Taiwan (Chinese) ($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 mixed trend patterns.

Source: IndexBox Platform