Hydantoin Market Overview in Japan
In value terms, hydantoin production fell to $ in 2019 estimated in export prices. Over the period under review, production recorded a pronounced slump. The pace of growth appeared the most rapid in 2012 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2013 to 2019, production growth remained at a somewhat lower figure.
The size of the hydantoin market in Japan was estimated at $ in 2019, flattening 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). In general, consumption showed a pronounced descent. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Over the period under review, the market attained the maximum level at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.