Japan: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Japan

In 2022, the Japanese market for vacuum pumps and air or gas compressors decreased by -2.3% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a slight slump. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Japan

In value terms, production of vacuum pumps and air or gas compressors totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced setback. The growth pace was the most rapid in 2014 with an increase of 3.8% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Japan

In 2022, overseas shipments of vacuum pumps and air or gas compressors increased by 3.3% to X units, rising for the seventh consecutive year after three years of decline. In general, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.0% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 32%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of vacuum pumps and air or gas compressors fell to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and Germany (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Japan, with a combined 58% share of total exports. Thailand, South Korea, Poland, Italy, Taiwan (Chinese), France, the Czech Republic, the Netherlands, the United Arab Emirates and Brazil lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +25.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for vacuum pump and air or gas compressor exported from Japan worldwide, together accounting for 56% of total exports. South Korea, Taiwan (Chinese), Thailand, Poland, Italy, France, the Netherlands, the United Arab Emirates, the Czech Republic and Brazil lagged somewhat behind, together comprising a further 27%.

In terms of the main countries of destination, Poland, with a CAGR of +20.1%, recorded 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 vacuum pumps and air or gas compressors stood at $X per unit in 2022, dropping by -5.2% against the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 2.3%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.1%), while the prices for the other major destinations experienced a decline.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Japan

In 2022, purchases abroad of vacuum pumps and air or gas compressors increased by 3.6% to X units, rising for the second year in a row after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of vacuum pumps and air or gas compressors rose modestly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Imports peaked at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Japan, with a 45% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. The United States (X units) ranked third in terms of total imports with an 11% 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 (-1.6% per year) and the United States (+6.7% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Japan, comprising 42% of total imports. The second position in the ranking was held by Thailand ($X), with a 16% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-1.9% per year) and the United States (+7.6% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, almost unchanged from the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 4.4% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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