Japan: Book Cover Market 2024

Book Cover Market Size in Japan

The Japanese book cover market contracted slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, faced a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 1.6%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Book Cover Production in Japan

In value terms, book cover production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 2.3% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Book Cover Exports

Exports from Japan

In 2022, the amount of blotting pads and book covers exported from Japan declined rapidly to X tons, waning by -26.5% against the year before. Overall, exports continue to indicate a perceptible setback. The growth pace was the most rapid in 2018 with an increase of 86%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, book cover exports fell to $X in 2022. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 117% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), China (X tons) and Hong Kong SAR (X tons) were the main destinations of book cover exports from Japan, together comprising 55% of total exports. The Netherlands, South Korea, Thailand, Vietnam, Taiwan (Chinese), Australia and the United Arab Emirates lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +48.5%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and the United States ($X) appeared to be the largest markets for book cover exported from Japan worldwide, together accounting for 66% of total exports. The Netherlands, Taiwan (Chinese), Thailand, South Korea, Australia, Vietnam and the United Arab Emirates lagged somewhat behind, together comprising a further 26%.

The Netherlands, with a CAGR of +36.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average book cover export price amounted to $X per ton, rising by 21% against the previous year. In general, the export price, however, saw a slight downturn. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Book Cover Imports

Imports into Japan

In 2022, imports of blotting pads and book covers into Japan reduced to X tons, which is down by -14.9% compared with 2021. Over the period under review, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 42% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, book cover imports fell to $X in 2022. Overall, imports showed a noticeable slump. The pace of growth was the most pronounced in 2016 with an increase of 17%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest book cover supplier to Japan, with a 73% share of total imports. Moreover, book cover imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was taken by Portugal (X tons), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+29.0% per year) and Portugal (-2.1% per year).

In value terms, China ($X) constituted the largest supplier of blotting pads and book covers to Japan, comprising 72% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total imports. It was followed by Portugal, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+22.3% per year) and Portugal (-3.3% per year).

Import Prices by Country

The average book cover import price stood at $X per ton in 2022, rising by 8.6% against the previous year. Overall, the import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2015 an increase of 9.7% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+24.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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