Report Update: May 1, 2024

Japan - Primary Polyethylene with a Specific Gravity of over 0,94 - Market Analysis, Forecast, Size, Trends And Insights

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Polyethylene Price in Japan - 2023

Polyethylene Price in Japan (FOB) - 2023

The average polyethylene export price stood at $1,116 per ton in July 2023, rising by 2.6% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 14% month-to-month. As a result, the export price attained the peak level of $1,270 per ton. From February 2023 to July 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the United States ($2,871 per ton), while the average price for exports to China ($807 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Polyethylene Price in Japan (CIF) - 2023

The average polyethylene import price stood at $1,236 per ton in July 2023, growing by 2.3% against the previous month. Over the period under review, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 6.5% month-to-month. Over the period under review, average import prices attained the maximum at $1,518 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Saudi Arabia ($1,383 per ton) and South Korea ($1,299 per ton), while the price for Qatar ($1,083 per ton) and Thailand ($1,180 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.7%), while the prices for the other major suppliers experienced a decline.

Polyethylene Exports in Japan

After three years of growth, shipments abroad of polyethylene with a specific gravity of more then 0,94, in primary forms decreased by -6.6% to 179K tons in 2022. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18%. As a result, the exports attained the peak of 191K tons, and then contracted in the following year.

In value terms, polyethylene exports contracted to $203M in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of $227M, and then fell in the following year.

Export of Polyethylene in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	104	101	114	99.8	-1.4%
South Korea	21.3	22.6	20.3	21.6	0.5%
Thailand	20.0	16.1	18.4	18.8	-2.0%
Taiwan (Chinese)	12.0	12.3	15.8	12.7	1.9%
United States	8.4	7.1	14.2	10.5	7.7%
Indonesia	6.4	4.5	6.5	9.1	12.4%
Vietnam	5.9	5.4	11.8	6.6	3.8%
India	3.1	2.3	4.4	5.8	23.2%
Malaysia	4.8	2.9	5.6	5.4	4.0%
Singapore	4.4	3.8	4.4	3.7	-5.6%
Others	12.9	10.4	12.5	9.3	-10.3%
Total	203	189	227	203	0.0%

Top Export Markets for Polyethylene from Japan in 2022:

China (119.5K tons)
Thailand (11.1K tons)
South Korea (8.9K tons)
Taiwan (Chinese) (7.5K tons)
India (7.1K tons)
Vietnam (5.9K tons)
Indonesia (5.7K tons)
United States (4.4K tons)
Malaysia (2.9K tons)
Singapore (2.1K tons)

Polyethylene Imports in Japan

Polyethylene imports into Japan expanded rapidly to 199K tons in 2022, with an increase of 13% on 2021. Over the period under review, imports, however, saw a mild slump.

In value terms, polyethylene imports surged to $281M in 2022. In general, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Import of Polyethylene in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	184	130	161	184	0.0%
South Korea	8.7	6.8	9.8	19.4	30.6%
Malaysia	9.9	8.0	10.2	17.3	20.4%
Singapore	10.1	8.3	10.8	17.0	19.0%
Saudi Arabia	10.1	6.0	8.0	10.6	1.6%
Qatar	5.0	3.2	6.4	6.7	10.2%
Taiwan (Chinese)	0.5	0.7	2.9	6.4	133.9%
Others	21.0	12.0	14.1	20.0	-1.6%
Total	249	175	224	281	4.1%

Top Suppliers of Polyethylene to Japan in 2022:

Thailand (131.2K tons)
South Korea (13.7K tons)
Singapore (12.5K tons)
Malaysia (12.4K tons)
Saudi Arabia (7.6K tons)
Qatar (5.5K tons)
Taiwan (Chinese) (4.9K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polyethylene 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 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms

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