Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan (FOB) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan (CIF) - 2022
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan (FOB) - 2023
In November 2023, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $9,539 per ton, dropping by -4.8% against the previous month. In general, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in October 2023 an increase of 13% month-to-month. Over the period under review, the average export prices hit record highs at $11,809 per ton in December 2022; however, from January 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($14,117 per ton), while the average price for exports to Indonesia ($3,915 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.3%), while the prices for the other major destinations experienced a decline.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $4,692 per ton, growing by 7.4% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17%. Over the period under review, average import prices reached the maximum at $5,998 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,613 per ton), while the price for China ($3,211 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan
Exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from Japan declined to 30K tons in 2022, which is down by -14.8% compared with 2021. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) contracted to $301M in 2022. Over the period under review, exports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by 15%. As a result, the exports reached the peak of $350M, and then dropped in the following year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 100 | 95.3 | 114 | 98.8 | -0.4% |
| South Korea | 59.4 | 47.3 | 49.0 | 41.4 | -11.3% |
| Thailand | 26.3 | 23.8 | 25.5 | 22.4 | -5.2% |
| United States | 22.1 | 16.3 | 22.7 | 22.3 | 0.3% |
| Taiwan (Chinese) | 24.4 | 27.1 | 28.5 | 20.1 | -6.3% |
| Hong Kong SAR | 31.7 | 26.8 | 21.2 | 13.4 | -25.0% |
| Vietnam | 12.0 | 12.5 | 12.6 | 12.7 | 1.9% |
| Indonesia | 8.6 | 6.1 | 9.6 | 10.1 | 5.5% |
| Philippines | 10.1 | 8.9 | 11.3 | 9.8 | -1.0% |
| India | 6.1 | 4.3 | 6.1 | 6.4 | 1.6% |
| Australia | 2.3 | 3.0 | 3.4 | 3.1 | 10.5% |
| Russia | 1.4 | 1.6 | 2.2 | 1.3 | -2.4% |
| Others | 38.2 | 32.7 | 43.6 | 38.8 | 0.5% |
| Total | 343 | 306 | 350 | 301 | -4.3% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Japan in 2022:
- China (8.6K tons)
- Taiwan (Chinese) (3.5K tons)
- South Korea (3.2K tons)
- Thailand (2.6K tons)
- Philippines (2.2K tons)
- Indonesia (1.8K tons)
- United States (1.6K tons)
- Vietnam (1.5K tons)
- Australia (0.7K tons)
- India (0.7K tons)
- Russia (0.7K tons)
- Hong Kong SAR (0.6K tons)
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan
For the third year in a row, Japan recorded decline in supplies from abroad of adhesives; prepared, based on rubber or plastics (including artificial resins), which decreased by -12.4% to 9.7K tons in 2022. Overall, imports faced a deep contraction. The smallest decline of -0.8% was in 2020.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) declined to $46M in 2022. Over the period under review, imports faced a abrupt decline.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.5 | 34.6 | 22.6 | 21.2 | -18.0% |
| United States | 15.5 | 11.0 | 11.6 | 11.4 | -9.7% |
| Germany | 1.8 | 1.7 | 2.6 | 2.4 | 10.1% |
| India | 0.2 | 0.7 | 2.6 | 2.1 | 119.0% |
| Taiwan (Chinese) | 1.2 | 1.1 | 1.7 | 1.6 | 10.1% |
| South Korea | 1.2 | 1.6 | 2.1 | 1.6 | 10.1% |
| Indonesia | 1.6 | 1.3 | 1.4 | 1.2 | -9.1% |
| Others | 3.2 | 2.9 | 3.9 | 4.1 | 8.6% |
| Total | 63.0 | 55.0 | 48.5 | 45.6 | -10.2% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Japan in 2022:
- China (6.6K tons)
- India (0.6K tons)
- United States (0.6K tons)
- Taiwan (Chinese) (0.5K tons)
- Indonesia (0.4K tons)
- Germany (0.3K tons)
- South Korea (0.3K tons)
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