Japan - Phenolic Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenolic Resins Price in Japan - 2023
Contents:
- Phenolic Resins Price in Japan (FOB) - 2023
- Phenolic Resins Price in Japan (CIF) - 2022
- Phenolic Resins Exports in Japan
- Phenolic Resins Imports in Japan
Phenolic Resins Price in Japan (FOB) - 2023
In July 2023, the average phenolic resins export price amounted to $5,873 per ton, declining by -6.6% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices attained the maximum at $6,797 per ton in August 2022; however, from September 2022 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Taiwan (Chinese) ($7,853 per ton), while the average price for exports to Indonesia ($4,447 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Phenolic Resins Price in Japan (CIF) - 2022
The average phenolic resins import price stood at $2,990 per ton in 2022, increasing by 8.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 16%. The import price peaked at $3,383 per ton in 2014; however, from 2015 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 Germany ($7,119 per ton), while the price for China ($2,278 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenolic Resins Exports in Japan
Phenolic resins exports from Japan shrank remarkably to 34K tons in 2022, declining by -28% on the previous year's figure. Overall, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports reached the peak of 48K tons, and then plummeted in the following year.
In value terms, phenolic resins exports shrank sharply to $203M in 2022. Over the period under review, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $280M, and then reduced markedly in the following year.
| Export of Phenolic Resins in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 74.6 | 79.0 | 105 | 70.0 | -2.1% |
| South Korea | 29.3 | 24.3 | 29.4 | 24.2 | -6.2% |
| Singapore | 12.5 | 13.4 | 19.3 | 18.4 | 13.8% |
| Taiwan (Chinese) | 27.4 | 29.3 | 30.4 | 17.9 | -13.2% |
| Malaysia | 13.5 | 13.2 | 17.0 | 12.8 | -1.8% |
| Thailand | 14.9 | 13.7 | 17.5 | 12.8 | -4.9% |
| Indonesia | 10.4 | 9.2 | 11.0 | 7.8 | -9.1% |
| Vietnam | 8.1 | 3.2 | 8.3 | 7.2 | -3.9% |
| India | 4.4 | 4.7 | 5.8 | 6.1 | 11.5% |
| United States | 4.5 | 3.4 | 5.1 | 5.2 | 4.9% |
| Hong Kong SAR | 5.1 | 7.6 | 7.6 | 3.5 | -11.8% |
| Others | 21.3 | 19.5 | 23.5 | 17.4 | -6.5% |
| Total | 226 | 220 | 280 | 203 | -3.5% |
Top Export Markets for Phenolic Resins from Japan in 2022:
- China (12.4K tons)
- South Korea (3.3K tons)
- Singapore (3.1K tons)
- Thailand (2.6K tons)
- Taiwan (Chinese) (2.4K tons)
- Malaysia (2.3K tons)
- Vietnam (1.7K tons)
- Indonesia (1.5K tons)
- India (1.2K tons)
- United States (0.8K tons)
- Hong Kong SAR (0.6K tons)
Phenolic Resins Imports in Japan
In 2022, the amount of phenolic resins in primary forms imported into Japan fell to 14K tons, shrinking by -7% on the previous year. In general, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year.
In value terms, phenolic resins imports amounted to $42M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Phenolic Resins in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.2 | 12.7 | 17.9 | 18.7 | 4.9% |
| South Korea | 6.5 | 5.9 | 8.2 | 7.3 | 3.9% |
| Taiwan (Chinese) | 5.4 | 4.6 | 6.2 | 5.3 | -0.6% |
| Germany | 1.3 | 1.2 | 1.5 | 2.2 | 19.2% |
| Canada | 0.2 | 0.6 | 0.9 | 1.3 | 86.6% |
| Thailand | 0.8 | 0.7 | 0.9 | 1.2 | 14.5% |
| Belgium | 3.3 | 1.9 | 1.3 | 1.0 | -32.8% |
| Others | 3.7 | 3.1 | 4.5 | 4.4 | 5.9% |
| Total | 37.5 | 30.5 | 41.4 | 41.6 | 3.5% |
Top Suppliers of Phenolic Resins to Japan in 2022:
- China (8.2K tons)
- South Korea (2.3K tons)
- Taiwan (Chinese) (1.6K tons)
- Canada (0.4K tons)
- Belgium (0.4K tons)
- Thailand (0.4K tons)
- Germany (0.3K tons)
This report provides an in-depth analysis of the phenolic resins market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20165650 - Phenolic resins, in primary forms
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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