Japan - Tankers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTanker Price in Japan - 2023
Contents:
- Tanker Price in Japan (FOB) - 2023
- Tanker Price in Japan (CIF) - 2022
- Tanker Exports in Japan
- Tanker Imports in Japan
Tanker Price in Japan (FOB) - 2023
The average tanker export price stood at $15.2M per unit in September 2023, leveling off at the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 8.9% m-o-m. Over the period under review, the average export prices reached the peak figure in September 2023.
Average prices varied noticeably for the major export markets. In September 2023, the countries with the highest prices were Tanzania ($15.3M per unit) and Liberia ($15.2M per unit), while the average price for exports to Bahamas ($15.2M per unit) and Panama ($15.2M per unit) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Tanker Price in Japan (CIF) - 2022
The average tanker import price stood at $23,478,653 per unit in 2022, almost unchanged from the previous year. In general, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 54%. As a result, import price attained the peak level of $30,613,795 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($105,767,676 per unit), while the price for China ($6,797,802 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+111.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Tanker Exports in Japan
In 2022, shipments abroad of tankers decreased by -96.5% to 4 units, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, the exports attained the peak of 204 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, tanker exports shrank sharply to $111M in 2022. In general, exports continue to indicate a sharp decrease. The smallest decline of -24.7% was in 2021. The exports peaked at $6B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Tanker in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 1,754 | 847 | 540 | 25.0 | -75.8% |
| Liberia | 381 | 602 | 482 | 17.9 | -63.9% |
| Marshall Islands | 441 | 405 | 315 | 11.5 | -70.3% |
| Singapore | 1,231 | 478 | 97.9 | 6.6 | -82.5% |
| Bahamas | 967 | 66.4 | 86.8 | 6.6 | -81.0% |
| Greece | 312 | 158 | 32.0 | 6.0 | -73.2% |
| Norway | 69.1 | 86.0 | 75.5 | 3.3 | -63.7% |
| Others | 841 | 624 | 828 | 33.9 | -65.7% |
| Total | 5,996 | 3,265 | 2,458 | 111 | -73.5% |
Top Export Markets for Tanker from Japan in 2022:
- Liberia (1.0 units)
- Panama (1.0 units)
Tanker Imports in Japan
In 2022, after two years of growth, there was significant decline in supplies from abroad of tankers, when their volume decreased by -30% to 7 units. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 100%. As a result, imports attained the peak of 10 units, and then declined notably in the following year.
In value terms, tanker imports fell rapidly to $164M in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 143% against the previous year. As a result, imports attained the peak of $233M, and then dropped markedly in the following year.
| Import of Tanker in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 29.1 | 62.8 | 44.3 | 23.4% | |
| Poland | 18.7 | 50.1 | 38.2 | 42.9% | |
| Others | 47.9 | 120 | 81.9 | 30.8% | |
| Total | 95.7 | 233 | 164 | 30.9% | |
Top Suppliers of Tanker to Japan in 2022:
- China (7.0 units)
This report provides an in-depth analysis of the tanker 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 30112210 - Crude oil tankers
- Prodcom 30112230 - Oil product tankers
- Prodcom 30112250 - Chemical tankers
- Prodcom 30112270 - Gas carriers
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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