Japan: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Japan

After three years of decline, the Japanese vulcanised rubber thread market increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Vulcanised rubber thread consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in Japan

In value terms, vulcanised rubber thread production dropped modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Vulcanised rubber thread production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Japan

In 2022, approx. X tons of vulcanised rubber thread and cord were exported from Japan; growing by X% on the previous year. Overall, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports expanded rapidly to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X tons) was the main destination for vulcanised rubber thread exports from Japan, with a X% share of total exports. Moreover, vulcanised rubber thread exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Vietnam (X% per year).

In value terms, the largest markets for vulcanised rubber thread exported from Japan were Vietnam ($X), El Salvador ($X) and China ($X), with a combined X% share of total exports. Honduras, India, Myanmar and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced modestly in the following year.

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 Taiwan (Chinese) ($X per ton), while the average price for exports to Honduras ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Japan

In 2022, purchases abroad of vulcanised rubber thread and cord was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, faced a deep reduction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread imports surged to $X in 2022. Overall, imports, however, showed a deep setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) was the main supplier of vulcanised rubber thread to Japan, with a X% share of total imports. Moreover, vulcanised rubber thread imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of vulcanised rubber thread and cord to Japan, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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