Japan - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Fats Price in Japan - 2023
Contents:
- Animal Fats Price in Japan (CIF) - 2022
- Animal Fats Price in Japan (FOB) - 2023
- Animal Fats Imports in Japan
- Animal Fats Exports in Japan
Animal Fats Price in Japan (CIF) - 2022
In 2022, the average animal fats import price amounted to $9,862 per ton, picking up by 3.9% against the previous year. Overall, the import price, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 32%. As a result, import price attained the peak level of $43,321 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 Norway ($26,939 per ton), while the price for Chile ($3,792 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-5.3%), while the prices for the other major suppliers experienced a decline.
Animal Fats Price in Japan (FOB) - 2023
In July 2023, the average animal fats export price amounted to $12,863 per ton, therefore, remained relatively stable against the previous month. In general, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in September 2022 when the average export price increased by 114% month-to-month. The export price peaked at $37,473 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($38,883 per ton), while the average price for exports to Taiwan (Chinese) amounted to $1,860 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+54.7%), while the prices for the other major destinations experienced more modest paces of growth.
Animal Fats Imports in Japan
In 2022, imports of animal fats and oils into Japan expanded significantly to 1.1K tons, increasing by 6.6% on the previous year. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 244% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, animal fats imports expanded markedly to $11M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +27.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 72%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Animal Fats in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.1 | 4.5 | 6.1 | 6.4 | 45.0% |
| Chile | 0.5 | 2.8 | 2.3 | 2.4 | 68.7% |
| Norway | 1.5 | 0.6 | 0.3 | 0.8 | -18.9% |
| United States | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Others | 0.9 | 1.1 | 1.1 | 1.2 | 10.1% |
| Total | 5.3 | 9.1 | 9.9 | 10.9 | 27.2% |
Top Suppliers of Animal Fats to Japan in 2022:
- Chile (631.2 tons)
- China (396.3 tons)
- United States (38.4 tons)
- Norway (29.4 tons)
Animal Fats Exports in Japan
In 2022, overseas shipments of animal fats and oils decreased by -5.6% to 304 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 68%.
In value terms, animal fats exports fell to $3.6M in 2022. In general, exports continue to indicate a mild reduction. The growth pace was the most rapid in 2021 when exports increased by 17%. As a result, the exports attained the peak of $4M, and then declined in the following year.
| Export of Animal Fats in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,129 | 2,704 | 2,347 | 2,039 | -1.4% |
| China | 24.8 | 42.2 | 1,289 | 1,120 | 256.1% |
| South Korea | 310 | 298 | 115 | 205 | -12.9% |
| Taiwan (Chinese) | 110 | 245 | 175 | 150 | 10.9% |
| Thailand | 14.2 | 14.7 | 32.4 | 28.1 | 25.5% |
| Indonesia | 9.9 | 31.5 | 2.1 | 12.3 | 7.5% |
| Netherlands | 851 | N/A | N/A | N/A | 0% |
| Others | 255 | 125 | 76.7 | 22.2 | -55.7% |
| Total | 3,704 | 3,460 | 4,037 | 3,576 | -1.2% |
Top Export Markets for Animal Fats from Japan in 2022:
- Taiwan (Chinese) (112.9 tons)
- China (106.9 tons)
- United States (57.2 tons)
- Thailand (11.0 tons)
- Indonesia (7.2 tons)
- South Korea (7.1 tons)
This report provides an in-depth analysis of the animal fats 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 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
Country coverage:
- Japan
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
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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
328
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