Japan: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in Japan

The Japanese market for spices except pepper or ginger was estimated at $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Spices except pepper or ginger consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports of Spices Except Pepper or Ginger

Exports from Japan

In 2022, approx. X tons of spices except pepper or ginger were exported from Japan; increasing by X% on 2021 figures. Overall, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, spices except pepper or ginger exports dropped to $X in 2022. In general, exports posted a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and Germany (X tons) were the main destinations of spices except pepper or ginger exports from Japan, together comprising X% of total exports. China, Hong Kong SAR, Canada, South Korea, Thailand, the UK, South Africa, Vietnam, New Zealand and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spices except pepper or ginger exported from Japan were Canada ($X), the United States ($X) and Taiwan (Chinese) ($X), together accounting for X% of total exports.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average export price for spices except pepper or ginger amounted to $X per ton, which is down by X% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to South Africa ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices Except Pepper or Ginger

Imports into Japan

Spices except pepper or ginger imports into Japan shrank to X tons in 2022, declining by X% on the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, spices except pepper or ginger imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest spices except pepper or ginger supplier to Japan, with a X% share of total imports. Moreover, spices except pepper or ginger imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, India ($X), South Korea ($X) and China ($X) appeared to be the largest spices except pepper or ginger suppliers to Japan, together accounting for X% of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average import price for spices except pepper or ginger stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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