Japan: Carob Market 2023

Carob Market Size in Japan

The Japanese carob market declined markedly to $X in 2022, reducing by -43.8% against the previous year. Overall, consumption, however, enjoyed a prominent increase. Carob consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Carob Production in Japan

In value terms, carob production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 19%. Carob production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average yield of carob in Japan totaled less than X kg per ha, leveling off at 2021. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of carob in Japan amounted to less than X ha, remaining stable against 2021 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Carob Exports

Exports from Japan

In 2022, approx. X tons of carob were exported from Japan; increasing by 644% compared with the year before. Overall, exports, however, saw a deep downturn. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carob exports soared to $X in 2022. In general, exports, however, faced a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for carob exports from Japan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to -12.3%.

In value terms, Poland ($X) also remains the key foreign market for carob exports from Japan.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland totaled -10.8%.

Export Prices by Country

In 2022, the average carob export price amounted to $X per ton, which is down by -9.5% against the previous year. In general, the export price, however, recorded a mild expansion. The pace of growth was the most pronounced in 2019 an increase of 51%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +1.7% per year.

Carob Imports

Imports into Japan

In 2022, purchases abroad of carob was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, faced a sharp decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, carob imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a deep reduction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest carob supplier to Japan, with a 70% share of total imports. Moreover, carob imports from Italy exceeded the figures recorded by the second-largest supplier, Cyprus (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +17.2%.

In value terms, Italy ($X) and Cyprus ($X) were the largest carob suppliers to Japan.

In terms of the main suppliers, Italy, with a CAGR of +22.4%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average carob import price stood at $X per ton in 2022, increasing by 42% against the previous year. Over the period under review, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 59% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cyprus ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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