Japan: Mineral Wool Market 2024

Mineral Wool Market Size in Japan

The Japanese mineral wool market dropped to $X in 2023, shrinking by X% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Mineral Wool Production in Japan

In value terms, mineral wool production dropped slightly to $X in 2023 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Mineral Wool Exports

Exports from Japan

In 2023, exports of slag wool, rock wool and similar mineral wools and mixtures from Japan declined modestly to X tons, shrinking by X% on the previous year's figure. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, mineral wool exports fell to $X in 2023. In general, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

China (X tons), Germany (X tons) and South Korea (X tons) were the main destinations of mineral wool exports from Japan, with a combined X% share of total exports. Hungary, the United States, the Philippines, the Netherlands, Indonesia, Thailand, Taiwan (Chinese), Singapore, Mexico and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mineral wool exported from Japan were China ($X), Germany ($X) and South Korea ($X), together comprising X% of total exports. The United States, Hungary, the Netherlands, France, Mexico, Thailand, Indonesia, the Philippines, Taiwan (Chinese) and Singapore lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price continues to indicate a mild slump. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Japan

In 2023, supplies from abroad of slag wool, rock wool and similar mineral wools and mixtures increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated temperate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mineral wool imports soared to $X in 2023. Overall, total imports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Indonesia (X tons) and the UK (X tons) were the main suppliers of mineral wool imports to Japan, together accounting for X% of total imports. South Korea, Taiwan (Chinese), India, Malaysia, Thailand and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and Indonesia ($X) constituted the largest mineral wool suppliers to Japan, together comprising X% of total imports. Taiwan (Chinese), South Korea, Malaysia, India, Thailand and Denmark lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform