Japan: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Japan

The Japanese market for turbo, rotary and reciporating displacement compressors expanded significantly to $X in 2022, with an increase of 6.3% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.0% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Japan

In value terms, production of turbo, rotary and reciporating displacement compressors declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 184%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Japan

In 2022, shipments abroad of turbo, rotary and reciporating displacement compressors decreased by -8% to X units, falling for the second consecutive year after three years of growth. In general, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.6% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 28% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 15%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Japan, with a 35% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to China exceeded the volume sent to the second major destination, the United States (X units), twofold. Saudi Arabia (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.8% per year) and Saudi Arabia (+8.7% per year).

In value terms, China ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Japan, comprising 35% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Saudi Arabia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.6% per year) and Saudi Arabia (-1.7% per year).

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, with a decrease of -5.4% against the previous year. Over the period under review, the export price saw a abrupt setback. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per unit) and Russia ($X per unit), while the average price for exports to Iraq ($X per unit) and India ($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 Malaysia (-5.2%), while the prices for the other major destinations experienced a decline.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Japan

In 2022, supplies from abroad of turbo, rotary and reciporating displacement compressors increased by 0.7% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports of reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of turbo, rotary and reciporating displacement compressors expanded to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 20%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Japan, with a 43% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. The United States (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.5% per year) and the United States (+7.4% per year).

In value terms, China ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Japan, comprising 43% of total imports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total imports. It was followed by the United States, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+2.9% per year) and the United States (+8.9% per year).

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, with an increase of 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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