Japan: Photographic Paper Market 2022

Photographic Paper Market Size in Japan

The Japanese photographic paper market declined to $X in 2021, reducing by -9.9% against the previous year. Over the period under review, consumption showed a slight decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Photographic Paper Production in Japan

In value terms, photographic paper production dropped rapidly to $X in 2021 estimated in export price. Overall, production saw a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 860% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Photographic Paper Exports

Exports from Japan

In 2021, photographic paper exports from Japan contracted markedly to X square meters, which is down by -75.2% against 2020 figures. In general, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2015 with an increase of 7.8%. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, photographic paper exports reduced notably to $X in 2021. Over the period under review, exports recorded a precipitous shrinkage. The smallest decline of -3.4% was in 2015. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X square meters) was the main destination for photographic paper exports from Japan, accounting for a 65% share of total exports. Moreover, photographic paper exports to the United States exceeded the volume sent to the second major destination, Australia (X square meters), eightfold. The third position in this ranking was held by the Netherlands (X square meters), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-10.3% per year) and the Netherlands (-8.4% per year).

In value terms, the United States ($X) emerged as the key foreign market for photographic paper exports from Japan, comprising 52% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-10.2% per year) and South Korea (-12.7% per year).

Export Prices by Country

The average photographic paper export price stood at $X per square meter in 2021, shrinking by -12.6% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 22%. The export price peaked at $X per square meter in 2020, and then shrank in the following year.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per square meter), while the average price for exports to Australia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Photographic Paper Imports

Imports into Japan

After two years of decline, supplies from abroad of photographic paper, paperboard and textiles increased by 8.3% to X square meters in 2021. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. As a result, imports reached the peak of X square meters. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, photographic paper imports expanded notably to $X in 2021. Overall, imports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by 17% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X square meters), the Netherlands (X square meters) and the UK (X square meters) were the main suppliers of photographic paper imports to Japan, with a combined 99.9% share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of -2.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest photographic paper suppliers to Japan were the United States ($X), the Netherlands ($X) and the UK ($X), with a combined 100% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of -3.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average photographic paper import price stood at $X per square meter in 2021, standing approx. at the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 5.6%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per square meter), while the price for the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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