Japan: Amino-Resin Market 2024

Amino-Resin Market Size in Japan

The Japanese amino-resin market totaled $X in 2022, standing approx. at the previous year. Overall, consumption, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. Amino-resin consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Amino-Resin Production in Japan

In value terms, amino-resin production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Amino-resin production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Amino-Resin Exports

Exports from Japan

In 2022, exports of amino-resins, phenolic resins and polyurethanes (in primary forms) from Japan declined to X tons, with a decrease of X% against the previous year. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, amino-resin exports declined remarkably to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

China (X tons) was the main destination for amino-resin exports from Japan, with a X% share of total exports. Moreover, amino-resin exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. The third position in this ranking was taken by Vietnam (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

In value terms, China ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Japan, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average amino-resin export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price showed a slight slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into Japan

Amino-resin imports into Japan declined to X tons in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, amino-resin imports reduced to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest amino-resin supplier to Japan, with a X% share of total imports. Moreover, amino-resin imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Saudi Arabia (X% per year).

In value terms, China ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Japan, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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