Japan: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2023

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Japan

In 2021, after two years of growth, there was significant decline in the Japanese sulphides, dithionites and sulphoxylates market, when its value decreased by -8.3% to $X. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +40.8% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in Japan

In value terms, sulphides, dithionites and sulphoxylates production dropped remarkably to $X in 2021 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +47.8% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year. As a result, production attained the peak level of $X, and then reduced remarkably in the following year.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Japan

In 2021, sulphides, dithionites and sulphoxylates exports from Japan stood at X tons, surging by 2.5% on the previous year. In general, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, sulphides, dithionites and sulphoxylates exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for sulphides, dithionites and sulphoxylates exports from Japan, accounting for a 43% share of total exports. Moreover, sulphides, dithionites and sulphoxylates exports to South Korea exceeded the volume sent to the second major destination, Chile (X tons), threefold. Thailand (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+21.8% per year) and Thailand (-15.6% per year).

In value terms, Chile ($X) emerged as the key foreign market for sulphides, polysulphides, dithionites and sulphoxylates exports from Japan, comprising 30% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Chile stood at +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.6% per year) and China (-7.8% per year).

Export Prices by Country

The average sulphides, dithionites and sulphoxylates export price stood at $X per ton in 2021, with an increase of 88% against the previous year. Over the period under review, the export price continues to indicate temperate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to South Korea ($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 China (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Japan

In 2021, overseas purchases of sulphides, polysulphides, dithionites and sulphoxylates increased by 50% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, showed a perceptible decline. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sulphides, dithionites and sulphoxylates imports surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest sulphides, dithionites and sulphoxylates supplier to Japan, accounting for a 53% share of total imports. Moreover, sulphides, dithionites and sulphoxylates imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.6% per year) and Taiwan (Chinese) (+2.1% per year).

In value terms, the United States ($X), China ($X) and Austria ($X) constituted the largest sulphides, dithionites and sulphoxylates suppliers to Japan, with a combined 77% share of total imports. South Korea, Germany, Taiwan (Chinese) and India lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, South Korea, with a CAGR of +11.4%, 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

In 2021, the average sulphides, dithionites and sulphoxylates import price amounted to $X per ton, waning by -3.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 17%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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