Report Update: May 1, 2024

Japan - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights

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Rennet Price in Japan - 2023

Rennet Price in Japan (FOB) - 2023

The average rennet export price stood at $8,591 per ton in July 2023, rising by 12% against the previous month. In general, the export price recorded a moderate increase. The pace of growth was the most pronounced in January 2023 when the average export price increased by 524% m-o-m. As a result, the export price reached the peak level of $40,705 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 export markets. In July 2023, the country with the highest price was the United Arab Emirates ($46,060 per ton), while the average price for exports to Denmark ($4,970 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 the United States (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Rennet Price in Japan (CIF) - 2022

In 2022, the average rennet import price amounted to $11,651 per ton, rising by 1.8% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 56% against the previous year. The import price peaked at $31,790 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($14,554 per ton), while the price for France ($3,708 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.8%), while the prices for the other major suppliers experienced a decline.

Rennet Exports in Japan

After three years of growth, shipments abroad of rennet and concentrates thereof decreased by -15.4% to 803 tons in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.4% 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 +49.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of 949 tons, and then contracted dramatically in the following year.

In value terms, rennet exports reduced to $6.9M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports attained the peak of $7.4M, and then contracted in the following year.

Export of Rennet in Japan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,910	2,064	1,179	2,127	3.7%
Netherlands	1,404	1,548	1,263	1,927	11.1%
Colombia	445	439	480	733	18.1%
Turkey	601	705	188	600	-0.1%
Iraq	203	420	296	451	30.5%
Uruguay	168	148	159	242	12.9%
United States	143	150	117	178	7.6%
Denmark	N/A	N/A	3,305	N/A	0%
Others	481	834	459	619	8.8%
Total	5,357	6,308	7,446	6,877	8.7%

Top Export Markets for Rennet from Japan in 2022:

Netherlands (344.4 tons)
Germany (252.3 tons)
Turkey (86.6 tons)
Colombia (27.7 tons)
Uruguay (27.2 tons)
Iraq (22.1 tons)
United States (19.7 tons)

Rennet Imports in Japan

In 2022, overseas purchases of rennet and concentrates thereof decreased by -23.6% to 65 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 92%. As a result, imports attained the peak of 84 tons, and then fell dramatically in the following year.

In value terms, rennet imports reduced remarkably to $752K in 2022. In general, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 80%. As a result, imports attained the peak of $967K, and then fell markedly in the following year.

Import of Rennet in Japan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
New Zealand	421	519	603	470	3.7%
China	54.7	10.3	337	245	64.8%
France	51.1	4.4	9.9	24.0	-22.3%
Italy	6.1	3.6	16.7	12.1	25.6%
Others	2.6	N/A	N/A	N/A	0%
Total	535	537	967	752	12.0%

Top Suppliers of Rennet to Japan in 2022:

New Zealand (40.5 tons)
China (16.9 tons)
France (6.5 tons)
Italy (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rennet 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 20146450 - Rennet and concentrates thereof

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