
Japan - Artificial and Prepared Waxes of Polyethylene Glycol - Market Analysis, Forecast, Size, Trends and Insights
Japan: Polyethylene Glycol Wax Market 2022
Polyethylene Glycol Wax Market Size in Japan
The Japanese polyethylene glycol wax market reduced notably to $X in 2021, which is down by -20.8% against the previous year. Over the period under review, consumption recorded a mild decline. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.
Polyethylene Glycol Wax Production in Japan
In value terms, polyethylene glycol wax production declined significantly to $X in 2021 estimated in export price. Overall, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.
Polyethylene Glycol Wax Exports
Exports from Japan
In 2021, shipments abroad of artificial and prepared waxes of polyethylene glycol decreased by -8.1% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 34% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.
In value terms, polyethylene glycol wax exports contracted to $X in 2021. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
Exports by Country
China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main destinations of polyethylene glycol wax exports from Japan, together accounting for 71% of total exports.
From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +30.9%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the largest markets for polyethylene glycol wax exported from Japan worldwide, with a combined 69% share of total exports.
In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +30.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average polyethylene glycol wax export price amounted to $X per ton, picking up by 2.9% against the previous year. In general, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Polyethylene Glycol Wax Imports
Imports into Japan
In 2021, after two years of growth, there was decline in purchases abroad of artificial and prepared waxes of polyethylene glycol, when their volume decreased by -3.1% to X tons. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of 83%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.
In value terms, polyethylene glycol wax imports soared to $X in 2021. Over the period under review, imports recorded a pronounced reduction. The pace of growth was the most pronounced in 2019 when imports increased by 89% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyethylene glycol wax imports to Japan, together accounting for 76% of total imports. These countries were followed by the United States, India and Germany, which together accounted for a further 23%.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +76.8%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest polyethylene glycol wax suppliers to Japan were the United States ($X), China ($X) and South Korea ($X), with a combined 83% share of total imports. Taiwan (Chinese), India and Germany lagged somewhat behind, together comprising a further 16%.
India, with a CAGR of +88.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average polyethylene glycol wax import price amounted to $X per ton, jumping by 21% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the polyethylene glycol wax 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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