Updated N/A

Kaolinitic Clays Market in Japan

Market Overview
In , the Japanese kaolinitic clays market increased by % to $, rising for the third year in a row after three years of decline. The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

In value terms, kaolinitic clays production soared to $ in estimated in export price. In general, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2009 with an increase of %. Japan production peaked in and is expected to retain growth in the near future.


Consumption
In , the amount of kaolinitic clays (ball and plastic clays) consumed in Japan amounted to tons, approximately mirroring the year before. In general, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of %. Japan consumption peaked at tons in 2016; however, from 2017 to , consumption remained at a lower figure.

The size of the kaolinitic clays market in Japan reached $ in , stabilizing at 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Japan consumption peaked in and is expected to retain growth in the immediate term.


Market Forecast
Driven by increasing demand for kaolinitic clays in Japan, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Japan domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Japan remains a net importer of kaolinitic clays; 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.