Japan: Ball Market 2024

Ball Market Size in Japan

The Japanese ball market reduced modestly to $X in 2022, declining by -3.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ball Exports

Exports from Japan

In 2022, the amount of balls exported from Japan surged to X units, increasing by 37% against the previous year. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball exports soared to $X in 2022. In general, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 35% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for ball exports from Japan, accounting for a 52% share of total exports. Moreover, ball exports to South Korea exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), threefold. The third position in this ranking was held by the United States (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+2.4% per year) and the United States (-4.2% per year).

In value terms, the largest markets for ball exported from Japan were South Korea ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 62% share of total exports. Panama, China and the Netherlands lagged somewhat behind, together comprising a further 5.2%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +17.7%, 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 ball export price stood at $X per unit in 2022, declining by -5.4% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the average export price increased by 26%. 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Panama (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Ball Imports

Imports into Japan

In 2022, the amount of balls imported into Japan shrank modestly to X units, leveling off at 2021. Overall, imports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 54%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, ball imports shrank slightly to $X in 2022. Over the period under review, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of ball to Japan, with a 62% share of total imports. Moreover, ball imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by the Philippines (X units), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.0% per year) and the Philippines (+38.2% per year).

In value terms, Thailand ($X), China ($X) and Pakistan ($X) appeared to be the largest ball suppliers to Japan, together accounting for 83% of total imports. Vietnam, Sri Lanka, Taiwan (Chinese) and the Philippines lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, Sri Lanka, with a CAGR of +133.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ball import price amounted to $X per unit, shrinking by -2.3% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball import price increased by +25.1% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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