Updated Jan 24, 2023 18:09

Market for Non-Refractory Clay Flooring Blocks, Support Or Filler Tiles in Japan

Market Overview
In , after two years of growth, there was significant decline in the Japanese market for non-refractory clay flooring blocks, support or filler tiles, when its value decreased by -% to $. In general, consumption saw a abrupt contraction. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Consumption
After two years of growth, consumption of non-refractory clay flooring blocks, support or filler tiles decreased by -% to tons in . Over the period under review, consumption showed a abrupt shrinkage. Over the period under review, consumption of attained the peak volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.

The revenue of the market for non-refractory clay flooring blocks, support or filler tiles in Japan reduced remarkably to $ in , declining 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). Overall, consumption saw a deep slump. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for non-refractory clay flooring blocks, support or filler tiles 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
Non-refractory clay flooring blocks, support or filler tiles market in Japan consists almost entirely of imported products.


Trade Balance
Japan remains a net importer of non-refractory clay flooring blocks, support or filler tiles; 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.