Japan: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Japan

The Japanese acrylic acid esters market expanded significantly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed prominent growth. Acrylic acid esters consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Acrylic Acid Esters Production in Japan

In value terms, acrylic acid esters production rose sharply to $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Acrylic Acid Esters Exports

Exports from Japan

In 2022, after two years of growth, there was significant decline in shipments abroad of esters of acrylic acid, when their volume decreased by X% to X tons. Overall, exports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, acrylic acid esters exports fell markedly to $X in 2022. In general, total exports indicated mild 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

South Korea (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of acrylic acid esters exports from Japan, with a combined X% share of total exports. China, Singapore, Belgium and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for acrylic acid esters exported from Japan were the United States ($X), South Korea ($X) and China ($X), with a combined X% share of total exports. Belgium, the Netherlands, Singapore and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded 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

The average acrylic acid esters export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 China (X%), while the prices for the other major destinations experienced a decline.

Acrylic Acid Esters Imports

Imports into Japan

In 2022, the amount of esters of acrylic acid imported into Japan dropped to X tons, waning by X% on the previous year's figure. Overall, imports showed a noticeable downturn. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, acrylic acid esters imports contracted to $X in 2022. In general, imports saw a noticeable setback. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of acrylic acid esters to Japan, with a X% share of total imports. Moreover, acrylic acid esters imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

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

In value terms, Indonesia ($X), China ($X) and South Korea ($X) appeared to be the largest acrylic acid esters suppliers to Japan, together accounting for X% of total imports.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average acrylic acid esters import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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