Price for Salts of Oxometallic or Peroxometallic Acids in Japan - 2023

Contents:

1. Price for Salts of Oxometallic or Peroxometallic Acids in Japan (FOB) - 2023
2. Price for Salts of Oxometallic or Peroxometallic Acids in Japan (CIF) - 2023
3. Exports of Salts of Oxometallic or Peroxometallic Acids in Japan
4. Imports of Salts of Oxometallic or Peroxometallic Acids in Japan

Price for Salts of Oxometallic or Peroxometallic Acids in Japan (FOB) - 2023

The average export price for salts of oxometallic or peroxometallic acidses stood at $31,750 per ton in November 2023, declining by -3.2% against the previous month. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 5% against the previous month. The export price peaked at $40,729 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Poland ($52,195 per ton), while the average price for exports to South Korea ($17,441 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 South Korea (+6.4%), while the prices for the other major destinations experienced a decline.

Price for Salts of Oxometallic or Peroxometallic Acids in Japan (CIF) - 2023

The average import price for salts of oxometallic or peroxometallic acidses stood at $11,682 per ton in November 2023, waning by -9.5% against the previous month. Over the period under review, the import price showed a deep downturn. The pace of growth was the most pronounced in September 2023 when the average import price increased by 32% month-to-month. Over the period under review, average import prices hit record highs at $26,445 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($33,339 per ton), while the price for South Africa ($2,028 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 the United States (+20.0%), while the prices for the other major suppliers experienced a decline.

Exports of Salts of Oxometallic or Peroxometallic Acids in Japan

In 2022, approx. 94K tons of salts of oxometallic or peroxometallic acidses were exported from Japan; falling by -1.9% compared with the year before. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 9%. As a result, the exports attained the peak of 96K tons, and then contracted modestly in the following year.

In value terms, exports of salts of oxometallic or peroxometallic acidses soared to $2.9B in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Salts of Oxometallic or Peroxometallic Acids from Japan in 2022:

1. United States (53.5K tons)
2. Poland (19.5K tons)
3. China (10.1K tons)
4. South Korea (4.1K tons)
5. Netherlands (2.0K tons)

Imports of Salts of Oxometallic or Peroxometallic Acids in Japan

In 2022, approx. 201K tons of salts of oxometallic or peroxometallic acidses were imported into Japan; with an increase of 101% against the previous year. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 123% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of salts of oxometallic or peroxometallic acidses skyrocketed to $1.2B in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Salts of Oxometallic or Peroxometallic Acids to Japan in 2022:

1. China (175.6K tons)
2. South Korea (13.0K tons)
3. United States (7.1K tons)
4. South Africa (3.9K tons)

Source: IndexBox Market Intelligence Platform