Japan - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Japan - 2023
Contents:
- Urea Price in Japan (CIF) - 2023
- Urea Price in Japan (FOB) - 2023
- Urea Imports in Japan
- Urea Exports in Japan
Urea Price in Japan (CIF) - 2023
In July 2023, the average urea import price amounted to $409 per ton, declining by -7.1% against the previous month. Overall, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in May 2023 an increase of 8.7% against the previous month. Over the period under review, average import prices hit record highs at $734 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($449 per ton), while the price for Malaysia ($386 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 China (-3.7%), while the prices for the other major suppliers experienced a decline.
Urea Price in Japan (FOB) - 2023
In July 2023, the average urea export price amounted to $402 per ton, dropping by -4.3% against the previous month. In general, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in October 2022 an increase of 15% m-o-m. As a result, the export price reached the peak level of $824 per ton. From November 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In July 2023, the countries with the highest prices were Bulgaria ($479 per ton) and Brazil ($473 per ton), while the average price for exports to South Korea ($332 per ton) and Taiwan (Chinese) ($342 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-4.0%), while the prices for the other major destinations experienced a decline.
Urea Imports in Japan
In 2022, approx. 332K tons of urea were imported into Japan; with an increase of 10% against 2021. Overall, imports, however, saw a mild reduction.
In value terms, urea imports surged to $244M in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Urea in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 53.7 | 53.2 | 87.8 | 163 | 44.8% |
| China | 50.2 | 41.1 | 49.4 | 54.2 | 2.6% |
| Saudi Arabia | 5.9 | 7.5 | 5.1 | 10.1 | 19.6% |
| Vietnam | N/A | N/A | 1.1 | 7.5 | 581.8% |
| Qatar | 8.0 | 9.1 | N/A | N/A | 13.7% |
| Others | 4.2 | 4.6 | 5.2 | 8.9 | 28.4% |
| Total | 122 | 116 | 148 | 244 | 26.0% |
Top Suppliers of Urea to Japan in 2022:
- Malaysia (213.4K tons)
- China (72.4K tons)
- Saudi Arabia (25.5K tons)
- Vietnam (8.6K tons)
Urea Exports in Japan
For the fourth year in a row, Japan recorded growth in overseas shipments of urea, which increased by 16% to 38K tons in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 142% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, urea exports surged to $29M in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 92% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Urea in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.5 | 5.0 | 6.5 | 12.1 | 30.1% |
| Australia | 1.2 | 5.9 | 6.9 | 8.7 | 93.5% |
| India | 0.1 | 3.0 | 4.5 | 2.5 | 192.4% |
| Spain | N/A | N/A | N/A | 1.8 | 0% |
| Taiwan (Chinese) | N/A | 0.3 | 0.5 | 1.3 | 108.2% |
| Philippines | 0.8 | 0.8 | 0.9 | 1.0 | 7.7% |
| Others | 0.7 | 1.1 | 1.3 | 1.6 | 31.7% |
| Total | 8.4 | 16.1 | 20.6 | 28.9 | 51.0% |
Top Export Markets for Urea from Japan in 2022:
- South Korea (15.1K tons)
- Australia (9.4K tons)
- India (8.6K tons)
- Taiwan (Chinese) (2.0K tons)
- Philippines (0.9K tons)
- Spain (0.7K tons)
This report provides an in-depth analysis of the urea 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:
- FCL 4001 - Urea
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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