Abrasives Market in Japan
Market Overview
The Japanese abrasives market dropped to $
in , which is down 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). Over the period under review, consumption, however, enjoyed resilient growth. Abrasives consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
In value terms, abrasives production contracted modestly to $ in estimated in export price. In general, production, however, showed a buoyant expansion. The growth pace was the most rapid in 2009 when the production volume increased by % against the previous year. Abrasives production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
in , which is down 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). Over the period under review, consumption, however, enjoyed resilient growth. Abrasives consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.In value terms, abrasives production contracted modestly to $
in estimated in export price. In general, production, however, showed a buoyant expansion. The growth pace was the most rapid in 2009 when the production volume increased by % against the previous year. Abrasives production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , abrasives consumption in Japan declined slightly to tons, with a decrease of -% against the year before. Overall, consumption, however, recorded a notable increase. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption remained at a lower figure.
The size of the abrasives market in Japan dropped to $ in , reducing 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). Over the period under review, consumption, however, continues to indicate buoyant growth. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
, abrasives consumption in Japan declined slightly to tons, with a decrease of -% against the year before. Overall, consumption, however, recorded a notable increase. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption remained at a lower figure.The size of the abrasives market in Japan dropped to $
in , reducing 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). Over the period under review, consumption, however, continues to indicate buoyant growth. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for abrasives (natural) in Japan, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, 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 .
% 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
Over the period under review, the share of imports in terms of total abrasives consumption in Japan was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Japan abrasives market is largely supplied by domestic manufacturers. 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.
% figure. In value terms the share of imports also stood at a low figure, which means that the Japan abrasives market is largely supplied by domestic manufacturers. 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 exporter of abrasives; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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