Price for Waste, Parings and Scrap, of Plastics in Japan - 2023

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Japan (FOB) - 2023
2. Price for Waste, Parings and Scrap, of Plastics in Japan (CIF) - 2023
3. Exports of Waste, Parings and Scrap, of Plastics in Japan
4. Imports of Waste, Parings and Scrap, of Plastics in Japan

Price for Waste, Parings and Scrap, of Plastics in Japan (FOB) - 2023

The average export price for waste, parings and scrap, of plasticses stood at $401 per ton in November 2023, reducing by -1.9% against the previous month. Overall, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 3.2% against the previous month. Over the period under review, the average export prices attained the peak figure at $489 per ton in March 2023; however, from April 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was the United States ($637 per ton), while the average price for exports to Malaysia ($322 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Japan (CIF) - 2023

In November 2023, the average import price for waste, parings and scrap, of plasticses amounted to $909 per ton, falling by -12.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 16% m-o-m. The import price peaked at $1,133 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,129 per ton), while the price for South Korea ($383 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (-0.2%), while the prices for the other major suppliers experienced a decline.

Exports of Waste, Parings and Scrap, of Plastics in Japan

In 2022, approx. 563K tons of waste, parings and scrap, of plasticses were exported from Japan; which is down by -9.6% against the previous year's figure. Over the period under review, exports faced a abrupt descent. The smallest decline of -8.5% was in 2020.

In value terms, exports of waste, parings and scrap, of plasticses reduced to $285M in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1% against the previous year.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Japan in 2022:

1. Malaysia (178.7K tons)
2. Vietnam (152.5K tons)
3. Taiwan (Chinese) (98.0K tons)
4. Thailand (49.0K tons)
5. South Korea (35.8K tons)
6. Indonesia (10.7K tons)
7. Hong Kong SAR (8.5K tons)
8. India (7.0K tons)

Imports of Waste, Parings and Scrap, of Plastics in Japan

In 2022, after two years of decline, there was significant growth in purchases abroad of waste, parings and scrap, of plasticses, when their volume increased by 28% to 2.1K tons. Overall, imports, however, recorded a sharp decrease.

In value terms, imports of waste, parings and scrap, of plasticses skyrocketed to $2.1M in 2022. Over the period under review, imports, however, showed a sharp descent.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Japan in 2022:

1. China (775.8 tons)
2. Thailand (754.7 tons)
3. South Korea (169.7 tons)
4. United Kingdom (130.6 tons)
5. United States (86.4 tons)
6. Indonesia (85.2 tons)
7. Philippines (58.7 tons)

Source: IndexBox Market Intelligence Platform