Japan: Zinc Oxide Market 2024

Zinc Oxide Market Size in Japan

In 2023, the Japanese zinc oxide market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a noticeable descent. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Zinc Oxide Production in Japan

In value terms, zinc oxide production dropped slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Zinc Oxide Exports

Exports from Japan

Zinc oxide exports from Japan fell significantly to X tons in 2023, waning by X% compared with 2022 figures. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, zinc oxide exports contracted markedly to $X in 2023. In general, exports showed a mild slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then dropped significantly in the following year.

Exports by Country

The United States (X tons), China (X tons) and Vietnam (X tons) were the main destinations of zinc oxide exports from Japan, with a combined X% share of total exports. Malaysia, Hong Kong SAR, Thailand, India, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X) remains the key foreign market for zinc oxide and zinc peroxide exports from Japan, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average zinc oxide export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2022 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Oxide Imports

Imports into Japan

For the third consecutive year, Japan recorded growth in supplies from abroad of zinc oxide and zinc peroxide, which increased by X% to X tons in 2023. In general, total imports indicated a mild expansion 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 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, zinc oxide imports soared to $X in 2023. Overall, total imports indicated notable 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

Indonesia (X tons), Vietnam (X tons) and South Korea (X tons) were the main suppliers of zinc oxide imports to Japan, with a combined X% share of total imports. China, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further X%.

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

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

Among the main suppliers, Thailand, 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 zinc oxide import price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, zinc oxide import price increased by X% against 2020 indices. 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 at $X per ton in 2022, and then fell rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were China ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform