Japan: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Japan

The Japanese market for air conditioning machines for motor vehicles rose remarkably to $X in 2022, growing by 6.8% against the previous year. Overall, consumption posted a strong increase. Motor vehicle air conditioning machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Air Conditioning Machines For Motor Vehicles in Japan

In value terms, motor vehicle air conditioning machine production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The growth pace was the most rapid in 2014 when the production volume increased by 73% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Japan

Motor vehicle air conditioning machine exports from Japan declined dramatically to X units in 2022, falling by -56.1% compared with the previous year. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle air conditioning machine exports shrank notably to $X in 2022. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by 45%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X units), Russia (X units) and Indonesia (X units) were the main destinations of motor vehicle air conditioning machine exports from Japan, together comprising 57% of total exports. These countries were followed by China, the United States, Vietnam and India, which together accounted for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +57.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor vehicle air conditioning machine exported from Japan were Thailand ($X), Russia ($X) and Indonesia ($X), together accounting for 57% of total exports. China, the United States, Vietnam and India lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Vietnam, with a CAGR of +56.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for air conditioning machines for motor vehicles stood at $X per unit in 2022, reducing by -2.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 12%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per unit) and Russia ($X per unit), while the average price for exports to China ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Japan

In 2022, approx. X units of air conditioning machines for motor vehicles were imported into Japan; stabilizing at 2021. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 79%. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, motor vehicle air conditioning machine imports expanded to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 108%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of motor vehicle air conditioning machine to Japan, with a 70% share of total imports. Moreover, motor vehicle air conditioning machine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The Czech Republic (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.6% per year) and the Czech Republic (+11.8% per year).

In value terms, the United States ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Japan, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by the Czech Republic, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.2% per year) and the Czech Republic (+12.4% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, growing by 2.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 16%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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