Japan: Canned Food Market 2024

Canned Food Market Size in Japan

The Japanese canned food market shrank to $X in 2022, dropping by X% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Canned Food Production in Japan

In value terms, canned food production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Canned food production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Canned Food Exports

Exports from Japan

For the third year in a row, Japan recorded growth in overseas shipments of canned food, which increased by X% to X tons in 2022. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, canned food exports dropped to $X in 2022. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Vietnam (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) were the main destinations of canned food exports from Japan, with a combined X% share of total exports. The United States, South Korea, China, the Philippines, Singapore, Australia, Thailand, Cambodia and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Vietnam ($X) remains the key foreign market for canned food exports from Japan, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average canned food export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a mild shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to South Korea ($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 Cambodia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Food Imports

Imports into Japan

In 2022, after three years of decline, there was growth in overseas purchases of canned food, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, canned food imports totaled $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of canned food imports to Japan, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), China ($X) and the United States ($X) were the largest canned food suppliers to Japan, together accounting for X% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average canned food import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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