Starches; Inulin Price in Japan - 2023
Contents:
- Starches; Inulin Price in Japan (CIF) - 2023
- Starches; Inulin Price in Japan (FOB) - 2022
- Starches; Inulin Imports in Japan
- Starches; Inulin Exports in Japan
Starches; Inulin Price in Japan (CIF) - 2023
In September 2023, the average starches; inulin import price amounted to $748 per ton, picking up by 5.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 10% against the previous month. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,524 per ton), while the price for South Korea ($545 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Japan (FOB) - 2022
In 2022, the average starches; inulin export price amounted to $1,312 per ton, which is down by -31.2% against the previous year. In general, the export price saw a deep slump. The growth pace was the most rapid in 2019 an increase of 17%. The export price peaked at $2,217 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($3,127 per ton), while the average price for exports to South Korea ($808 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 Vietnam (-2.0%), while the prices for the other major destinations experienced a decline.
Starches; Inulin Imports in Japan
In 2022, the amount of starches; inulins imported into Japan fell to 159K tons, declining by -3.7% compared with the previous year's figure. Over the period under review, imports saw a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 7.7% against the previous year.
In value terms, starches; inulin imports amounted to $106M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Starches; Inulin in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 62.7 | 50.9 | 65.4 | 71.0 | 4.2% |
| Malaysia | 7.7 | 7.0 | 7.7 | 10.9 | 12.3% |
| Germany | 5.5 | 5.7 | 6.3 | 6.0 | 2.9% |
| Others | 17.0 | 18.6 | 17.1 | 17.8 | 1.5% |
| Total | 92.9 | 82.1 | 96.5 | 106 | 4.5% |
Top Suppliers of Starches; Inulin to Japan in 2022:
- Thailand (126.3K tons)
- Malaysia (15.9K tons)
- Germany (7.4K tons)
Starches; Inulin Exports in Japan
In 2022, the amount of starches; inulins exported from Japan skyrocketed to 4.7K tons, increasing by 63% against the previous year's figure. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin exports expanded remarkably to $6.2M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 27%. As a result, the exports attained the peak of $7.6M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Starches; Inulin in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 618 | 2,701 | 483 | 1,707 | 40.3% |
| China | 866 | 1,157 | 1,197 | 946 | 3.0% |
| South Korea | 1,047 | 728 | 710 | 726 | -11.5% |
| United States | 496 | 468 | 585 | 642 | 9.0% |
| Hong Kong SAR | 95.9 | 112 | 194 | 202 | 28.2% |
| Philippines | 98.5 | 73.2 | 133 | 194 | 25.3% |
| Taiwan (Chinese) | 772 | 418 | 238 | 135 | -44.1% |
| United Arab Emirates | 184 | 132 | 221 | 124 | -12.3% |
| Vietnam | 347 | 189 | 173 | 123 | -29.2% |
| Others | 1,502 | 1,649 | 1,593 | 1,421 | -1.8% |
| Total | 6,026 | 7,626 | 5,528 | 6,221 | 1.1% |
Top Export Markets for Starches; Inulin from Japan in 2022:
- Thailand (1750.1 tons)
- China (1019.1 tons)
- South Korea (898.5 tons)
- United States (457.7 tons)
- Philippines (106.7 tons)
- Vietnam (102.0 tons)
- Hong Kong SAR (89.1 tons)
- Taiwan (Chinese) (43.1 tons)
- United Arab Emirates (42.2 tons)
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