Price for Poly(Lactic Acid); in Primary Forms in Japan - 2023
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in Japan (CIF) - 2023
- Price for Poly(Lactic Acid); in Primary Forms in Japan (FOB) - 2022
- Imports of Poly(Lactic Acid); in Primary Forms in Japan
- Exports of Poly(Lactic Acid); in Primary Forms in Japan
Price for Poly(Lactic Acid); in Primary Forms in Japan (CIF) - 2023
The average import price for poly(lactic acid); in primary formses stood at $3,204 per ton in July 2023, rising by 4.6% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 28% against the previous month. As a result, import price reached the peak level of $4,010 per ton. From November 2022 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($7,673 per ton), while the price for the United States ($2,922 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Poly(Lactic Acid); in Primary Forms in Japan (FOB) - 2022
The average export price for poly(lactic acid); in primary formses stood at $12,065 per ton in 2022, with an increase of 52% against the previous year. In general, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 92%. As a result, the export price reached the peak level of $13,146 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($38,566 per ton), while the average price for exports to China ($2,172 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Poly(Lactic Acid); in Primary Forms in Japan
In 2022, the amount of poly(lactic acid); in primary formses imported into Japan expanded modestly to 5.4K tons, with an increase of 3.4% against 2021. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 32%. As a result, imports reached the peak of 6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, poly(lactic acid); in primary forms imports reached $18M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 65%. As a result, imports reached the peak of $18M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Poly(Lactic Acid); in Primary Forms in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.8 | 10.8 | 11.7 | 11.3 | 8.7% |
| Thailand | 1.3 | 6.4 | 3.4 | 3.3 | 36.4% |
| China | 0.6 | 0.8 | 0.7 | 2.2 | 54.2% |
| Spain | N/A | N/A | N/A | 0.8 | 0% |
| Others | 0.4 | 0.2 | 0.6 | 0.1 | -37.0% |
| Total | 11.1 | 18.2 | 16.4 | 17.6 | 16.6% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to Japan in 2022:
- United States (3.7K tons)
- Thailand (0.9K tons)
- China (0.7K tons)
- Spain (0.1K tons)
Exports of Poly(Lactic Acid); in Primary Forms in Japan
After three years of growth, shipments abroad of poly(lactic acid); in primary formses decreased by -51.4% to 120 tons in 2022. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 40%.
In value terms, poly(lactic acid); in primary forms exports declined sharply to $1.5M in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of $2M, and then contracted rapidly in the following year.
| Export of Poly(Lactic Acid); in Primary Forms in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,035 | 992 | 1,055 | 949 | -2.9% |
| Taiwan (Chinese) | 35.6 | 33.3 | 88.3 | 120 | 49.9% |
| South Korea | 51.0 | 25.5 | 27.2 | 84.4 | 18.3% |
| China | 196 | 280 | 451 | 69.0 | -29.4% |
| United States | 282 | 15.9 | 72.7 | 43.0 | -46.6% |
| Italy | N/A | N/A | N/A | 7.9 | 0% |
| Philippines | 14.7 | 8.2 | N/A | 6.7 | -23.0% |
| Others | 232 | 301 | 273 | 171 | -9.7% |
| Total | 1,847 | 1,655 | 1,967 | 1,451 | -7.7% |
Top Export Markets for Poly(Lactic Acid); in Primary Forms from Japan in 2022:
- Switzerland (56.8 tons)
- China (31.8 tons)
- Taiwan (Chinese) (17.3 tons)
- South Korea (2.2 tons)
- Italy (2.0 tons)
- Philippines (2.0 tons)
- United States (2.0 tons)
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