Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Japan - 2023

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Japan (CIF) - 2023
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Japan (FOB) - 2023
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Japan
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Japan

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Japan (CIF) - 2023

In November 2023, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $22,667 per ton, approximately mirroring the previous month. Over the period under review, the import price, however, continues to indicate a mild increase. The pace of growth appeared the most rapid in October 2023 an increase of 11% against the previous month. As a result, import price attained the peak level of $22,733 per ton, leveling off in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($57,613 per ton), while the price for South Korea ($12,170 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Japan (FOB) - 2023

In November 2023, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $39,270 per ton, picking up by 2.1% against the previous month. In general, the export price, however, saw a slight reduction. The most prominent rate of growth was recorded in March 2023 an increase of 23% m-o-m. The export price peaked at $47,438 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was China ($47,636 per ton), while the average price for exports to Lao People's Democratic Republic ($9,843 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 China (+25.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Japan

After two years of decline, overseas purchases of footwear; parts, outer soles and heels, of rubber or plasticses increased by 13% to 1.5K tons in 2022. Over the period under review, imports, however, saw a drastic downturn.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $31M in 2022. In general, imports, however, recorded a deep contraction.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Japan in 2022:

1. China (785.1 tons)
2. South Korea (267.1 tons)
3. Italy (153.7 tons)
4. Vietnam (79.7 tons)
5. Philippines (75.2 tons)
6. United States (33.1 tons)
7. Belgium (32.9 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Japan

In 2022, exports of footwear; parts, outer soles and heels, of rubber or plasticses from Japan expanded to 169 tons, with an increase of 3.4% compared with the previous year. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses stood at $6.8M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Japan in 2022:

1. Vietnam (80.1 tons)
2. Cambodia (58.1 tons)
3. Lao People's Democratic Republic (19.1 tons)
4. Indonesia (3.7 tons)
5. China (3.5 tons)
6. Thailand (3.5 tons)
7. Hong Kong SAR (0.4 tons)

Source: IndexBox Market Intelligence Platform