Report Update: Apr 26, 2024

Japan - Acrylonitrile - Market Analysis, Forecast, Size, Trends And Insights

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Acrylonitrile Price in Japan - 2023

Acrylonitrile Price in Japan (FOB) - 2023

The average acrylonitrile export price stood at $1,104 per ton in July 2023, with a decrease of -81.8% against the previous month. Over the period under review, the export price showed a pronounced shrinkage. The pace of growth was the most pronounced in June 2023 when the average export price increased by 356% month-to-month. As a result, the export price reached the peak level of $6,066 per ton, and then contracted dramatically in the following month.

As there is only one major export destination, the average price level is determined by prices for China.

From July 2022 to July 2023, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +5.6% per month.

Acrylonitrile Price in Japan (CIF) - 2022

The average acrylonitrile import price stood at $1,878 per ton in 2022, waning by -8.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 79%. As a result, import price attained the peak level of $2,054 per ton, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,901 per ton), while the price for South Korea totaled $1,722 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%).

Acrylonitrile Exports in Japan

In 2022, shipments abroad of acrylonitrile decreased by -0.2% to 52K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a slight setback. The pace of growth appeared the most rapid in 2020 with an increase of 16%. As a result, the exports attained the peak of 64K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, acrylonitrile exports fell to $87M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 19%.

Export of Acrylonitrile in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	60.5	70.4	54.2	34.8	-16.8%
Taiwan (Chinese)	11.4	2.4	12.9	29.7	37.6%
Malaysia	1.7	12.3	18.5	17.8	118.8%
South Korea	8.0	10.0	12.7	3.5	-24.1%
India	N/A	1.8	1.8	1.4	-11.8%
Others	N/A	N/A	N/A	N/A	0%
Total	81.7	96.9	100	87.3	2.2%

Top Export Markets for Acrylonitrile from Japan in 2022:

China (21.1K tons)
Taiwan (Chinese) (17.7K tons)
Malaysia (10.2K tons)
South Korea (2.0K tons)
India (1.1K tons)

Acrylonitrile Imports in Japan

In 2022, the amount of acrylonitrile imported into Japan soared to 12K tons, picking up by 48% on the previous year. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 75%. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, acrylonitrile imports soared to $22M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Acrylonitrile in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	7.8	14.1	12.2	19.7	36.2%
South Korea	6.6	5.2	4.4	2.7	-25.8%
Others	N/A	N/A	N/A	N/A	0%
Total	14.4	19.3	16.5	22.3	15.7%

Top Suppliers of Acrylonitrile to Japan in 2022:

United States (10.3K tons)
South Korea (1.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the acrylonitrile market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144350 - Acrylonitrile

Country coverage:

Japan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Japan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023