Updated Mar 12, 2023 03:13

Kaolin Market in Japan

Market Overview
In , the Japanese kaolin market increased by % to $, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a noticeable shrinkage. Kaolin consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.

In value terms, kaolin production totaled $ in estimated in export price. Overall, the total production indicated notable growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The growth pace was the most rapid in 2019 when the production volume increased by %. Kaolin production peaked at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.


Consumption
In , consumption of kaolin and kaolinic clays increased by % to tons, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, showed a deep downturn. Kaolin consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

The revenue of the kaolin market in Japan soared to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a pronounced contraction. Kaolin consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for kaolin in Japan, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Kaolin market in Japan consists almost entirely of imported products.


Trade Balance
Japan remains a net importer of kaolin; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.