The market is dominated by domestic suppliers, as imports account for 17.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 85.5% of total demand in 2022. Japan has the sixth largest market size for sugar regionally, with demand reaching USD4.9 billion in 2022. Mitsui Sugar Co Ltd is the largest company in Japan, generating 28.7% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 74.5% of total production value in 2022. The total number of companies increases in 2022, to 210 units. The costs of the industry decrease by 12.6% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 32.6% of production value in 2022, the highest regionally. With production value of USD3.1 billion, Japan accounts for 4.8% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Sugar in Japan: ISIC 1542. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sugar in Japan: ISIC 1542 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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